Preserved Salmon Price in China - 2023

Contents:

1. Preserved Salmon Price in China (FOB) - 2023
2. Preserved Salmon Price in China (CIF) - 2022
3. Preserved Salmon Exports in China
4. Preserved Salmon Imports in China

Preserved Salmon Price in China (FOB) - 2023

In April 2023, the average preserved salmon export price amounted to $12,130 per ton, remaining constant against the previous month. Over the period under review, export price indicated a perceptible increase from April 2022 to April 2023: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, preserved salmon export price decreased by -10.6% against February 2023 indices. The growth pace was the most rapid in September 2022 when the average export price increased by 49% m-o-m. The export price peaked at $13,571 per ton in February 2023; however, from March 2023 to April 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($14,685 per ton), while the average price for exports to Puerto Rico ($4,137 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Price in China (CIF) - 2022

In 2022, the average preserved salmon import price amounted to $10,807 per ton, declining by -45.7% against the previous year. Overall, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 84%. Over the period under review, average import prices hit record highs at $19,901 per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($18,058 per ton), while the price for Russia ($4,887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Preserved Salmon Exports in China

Preserved salmon exports from China rose notably to 3.6K tons in 2022, increasing by 15% against the previous year. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of 5.9K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved salmon exports soared to $36M in 2022. In general, exports, however, recorded a slight downturn.

Top Export Markets for Preserved Salmon from China in 2022:

1. Japan (1825.6 tons)
2. United States (732.8 tons)
3. Germany (448.0 tons)
4. Canada (335.1 tons)
5. Puerto Rico (125.9 tons)
6. Netherlands (56.6 tons)

Preserved Salmon Imports in China

After three years of growth, overseas purchases of salmon (prepared or preserved) decreased by -54.1% to 52 tons in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 209%. As a result, imports attained the peak of 114 tons, and then fell dramatically in the following year.

In value terms, preserved salmon imports fell dramatically to $563K in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 214% against the previous year. As a result, imports reached the peak of $2.3M, and then declined sharply in the following year.

Top Suppliers of Preserved Salmon to China in 2022:

1. Russia (21.5 tons)
2. Netherlands (17.5 tons)
3. United States (6.0 tons)
4. Thailand (5.6 tons)

Source: IndexBox Market Intelligence Platform