China - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in China - 2023
Contents:
- Preserved Sardines Price in China (FOB) - 2023
- Preserved Sardines Price in China (CIF) - 2022
- Preserved Sardines Exports in China
- Preserved Sardines Imports in China
Preserved Sardines Price in China (FOB) - 2023
In June 2023, the average preserved sardines export price amounted to $2,112 per ton, stabilizing at the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 9.2% month-to-month. The export price peaked at $2,352 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Gabon ($2,855 per ton), while the average price for exports to Singapore ($1,344 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.4%), while the prices for the other major destinations experienced a decline.
Preserved Sardines Price in China (CIF) - 2022
In 2022, the average preserved sardines import price amounted to $4,953 per ton, increasing by 2.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 28%. The import price peaked at $5,477 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($25,810 per ton), while the price for the Philippines ($2,429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Exports in China
In 2022, approx. 83K tons of sardines (prepared or preserved) were exported from China; remaining constant against the previous year's figure. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 83%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, preserved sardines exports amounted to $190M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 49%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Preserved Sardines in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 7.0 | 30.4 | 47.2 | 43.8 | 84.3% |
| South Africa | 17.1 | 13.5 | 16.5 | 24.9 | 13.3% |
| Malaysia | 4.8 | 19.3 | 24.6 | 17.2 | 53.0% |
| Gabon | 0.5 | 2.3 | 8.0 | 11.6 | 185.2% |
| Dominican Republic | 10.3 | 25.5 | 27.0 | 8.0 | -8.1% |
| Singapore | 3.0 | 3.3 | 2.0 | 7.7 | 36.9% |
| Nigeria | 1.4 | 3.5 | 12.8 | 7.4 | 74.2% |
| Iraq | 0.4 | 2.2 | 3.6 | 6.5 | 153.3% |
| Jordan | 0.9 | 2.2 | 1.4 | 5.2 | 79.4% |
| United States | 4.4 | 4.7 | 2.8 | 4.5 | 0.8% |
| Japan | 7.2 | 5.2 | 4.2 | 3.3 | -22.9% |
| Samoa | 2.9 | 1.7 | 1.8 | 1.9 | -13.1% |
| Fiji | 14.5 | 2.9 | 2.3 | 0.4 | -69.8% |
| Others | 29.4 | 38.2 | 34.6 | 47.8 | 17.6% |
| Total | 104 | 155 | 189 | 190 | 22.2% |
Top Export Markets for Preserved Sardines from China in 2022:
- Ghana (16.8K tons)
- South Africa (10.9K tons)
- Malaysia (10.5K tons)
- Singapore (4.8K tons)
- Gabon (4.1K tons)
- Dominican Republic (3.8K tons)
- Nigeria (2.8K tons)
- United States (2.3K tons)
- Iraq (2.2K tons)
- Jordan (1.9K tons)
- Samoa (1.3K tons)
- Japan (0.9K tons)
- Fiji (0.2K tons)
Preserved Sardines Imports in China
In 2022, overseas purchases of sardines (prepared or preserved) decreased by -0.9% to 168 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports reached the peak of 193 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, preserved sardines imports stood at $833K in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 5.1% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Preserved Sardines in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2.6 | 69.8 | 54.7 | 280 | 375.8% |
| Spain | 38.4 | 10.4 | 29.5 | 132 | 50.9% |
| Philippines | 63.9 | 27.5 | 42.4 | 127 | 25.7% |
| Russia | N/A | N/A | 386 | 119 | -69.2% |
| Japan | 108 | 14.2 | 19.2 | 63.5 | -16.2% |
| Thailand | 186 | 55.6 | 50.1 | 46.5 | -37.0% |
| Latvia | 152 | 57.5 | 93.2 | 0.3 | -87.5% |
| Malaysia | 185 | 70.1 | 121 | N/A | -19.1% |
| Others | 20.8 | 490 | 27.9 | 64.8 | 46.1% |
| Total | 756 | 795 | 823 | 833 | 3.3% |
Top Suppliers of Preserved Sardines to China in 2022:
- Latvia (undefined tons)
- Philippines (52.3 tons)
- Russia (36.2 tons)
- Portugal (28.3 tons)
- Spain (16.4 tons)
- Thailand (10.6 tons)
- Japan (2.5 tons)
This report provides an in-depth analysis of the preserved sardines market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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265
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