Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan (FOB) - 2023
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan (CIF) - 2023
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan (FOB) - 2023
The average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $26,968 per ton in November 2023, which is down by -1.7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 7.7% against the previous month. The export price peaked at $30,166 per ton in July 2023; however, from August 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Singapore ($45,802 per ton), while the average price for exports to the UK ($13,669 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan (CIF) - 2023
In November 2023, the average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $12,543 per ton, almost unchanged from the previous month. Over the period under review, the import price showed a mild decline. The pace of growth appeared the most rapid in December 2022 an increase of 4.6% month-to-month. Over the period under review, average import prices reached the peak figure at $15,714 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($13,552 per ton), while the price for Vietnam ($8,991 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-0.9%), while the prices for the other major suppliers experienced a decline.
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan
In 2022, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s from Japan skyrocketed to 2.3K tons, with an increase of 39% compared with the previous year. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% 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 +94.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s surged to $63M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.7 | 9.9 | 15.5 | 20.1 | -1.0% |
| Hong Kong SAR | 9.2 | 10.3 | 17.1 | 17.0 | 22.7% |
| Taiwan (Chinese) | 2.5 | 4.0 | 4.2 | 6.6 | 38.2% |
| Thailand | 5.8 | 3.5 | 3.9 | 5.7 | -0.6% |
| Singapore | 1.7 | 2.1 | 4.2 | 5.3 | 46.1% |
| Canada | 1.8 | 0.7 | 0.9 | 1.2 | -12.6% |
| United Kingdom | 0.9 | 0.5 | 0.8 | 1.0 | 3.6% |
| Others | 3.7 | 3.9 | 4.1 | 6.2 | 18.8% |
| Total | 46.4 | 34.9 | 50.7 | 63.2 | 10.8% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from Japan in 2022:
- United States (1059.2 tons)
- Hong Kong SAR (451.4 tons)
- Taiwan (Chinese) (281.1 tons)
- Thailand (127.7 tons)
- Singapore (111.4 tons)
- United Kingdom (73.0 tons)
- Canada (56.2 tons)
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan
For the third year in a row, Japan recorded decline in supplies from abroad of fish fillets; fresh or chilled, other than fish of heading 0304.4s, which decreased by -4.2% to 897 tons in 2022. Overall, imports saw a dramatic decrease.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s fell modestly to $13M in 2022. Over the period under review, imports continue to indicate a abrupt slump.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.5 | 16.9 | 11.5 | 11.5 | -18.8% |
| Vietnam | 1.7 | 1.0 | 1.2 | 1.3 | -8.6% |
| Philippines | 1.2 | 0.3 | 0.3 | 0.2 | -45.0% |
| Others | 0.4 | 0.4 | 0.7 | N/A | 32.3% |
| Total | 24.9 | 18.6 | 13.6 | 13.0 | -19.5% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to Japan in 2022:
- Indonesia (781.6 tons)
- Vietnam (106.3 tons)
- Philippines (9.1 tons)
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