Global Frozen Eels Market 2022

Frozen Eels Market Size

In 2020, after two years of decline, there was growth in the global frozen eels market, when its value increased by X% to $X. Over the period under review, consumption recorded a slight decline. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the global market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Frozen Eels Production

In value terms, frozen eels production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, global production reached the maximum level at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Production By Country

Indonesia (X tons) remains the largest frozen eels producing country worldwide, comprising approx. X% of total volume. Moreover, frozen eels production in Indonesia exceeded the figures recorded by the second-largest producer, India (X tons), twofold. Malaysia (X tons) ranked third in terms of total production with a X% share.

In Indonesia, frozen eels production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Malaysia (+X% per year).

Frozen Eels Exports

Exports

In 2020, overseas shipments of frozen eels increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated tangible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Global exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, frozen eels exports fell to $X in 2020. In general, total exports indicated mild growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Global exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Indonesia (X tons) was the key exporter of frozen eels, achieving X% of total exports. It was distantly followed by Malaysia (X tons), India (X tons) and Pakistan (X tons), together generating a X% share of total exports. Peru (X tons), Iran (X tons) and the U.S. (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Iran (+X%), Malaysia (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. By contrast, India (-X%), Peru (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.), Malaysia (+X p.p.), Peru (+X p.p.), the U.S. (+X p.p.) and Iran (+X p.p.) significantly strengthened its position in terms of the global exports, while Pakistan and India saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Indonesia ($X), Peru ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2020, with a combined X% share of global exports. These countries were followed by India, Pakistan, the U.S. and Iran, which together accounted for a further X the main exporting countries, Iran saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen eels export price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. Global export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Peru ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other global leaders experienced more modest paces of growth.

Frozen Eels Imports

Imports

In 2020, supplies from abroad of frozen eels increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. In general, imports, however, showed a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Global imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen eels imports reduced to $X in 2020. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

China was the key importing country with an import of around X tons, which reached X% of total imports. Malaysia (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Qatar (X%), Hong Kong SAR (X%) and the U.S. (X%). Germany (X tons), Canada (X tons), Taiwan (Chinese) (X tons) and Poland (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%), the U.S. (+X%), Germany (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. By contrast, Taiwan (Chinese) (-X%), Canada (-X%), Hong Kong SAR (-X%) and Qatar (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China, Malaysia, Qatar, the U.S. and Germany increased by +X%, +X%, +X%, +X% and +X% percentage points, while Canada (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Hong Kong SAR ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of global imports. The U.S., Malaysia, Poland, Canada, Qatar and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen eels import price amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Qatar, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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