Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China - 2023
Contents:
- Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China (FOB) - 2023
- Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China (CIF) - 2022
- Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China
- Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China
Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China (FOB) - 2023
The average export price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s stood at $5,349 per ton in December 2023, which is down by -4.7% against the previous month. Over the period under review, the export price continues to indicate a perceptible decline. The growth pace was the most rapid in June 2023 an increase of 12% month-to-month. The export price peaked at $8,142 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In December 2023, the highest price was recorded for prices to the UK ($5,816 per ton) and Canada ($5,277 per ton), while the average price for exports to the United States ($5,088 per ton) and Vietnam ($5,126 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (0.0%), while the prices for the other major destinations experienced a decline.
Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s amounted to $8,212 per ton, with an increase of 2.7% against the previous year. In general, the import price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2014 an increase of 79%. As a result, import price reached the peak level of $11,585 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Iceland.
From 2013 to 2022, the rate of growth in terms of prices for Norway amounted to +30.2% per year.
Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China
In 2022, overseas shipments of fish fillets; frozen, haddock (melanogrammus aeglefinus)s increased by 16% to 28K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s surged to $204M in 2022. The total export value increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.2 | 59.0 | 53.2 | 87.6 | 11.5% |
| Canada | 54.7 | 44.5 | 48.0 | 66.6 | 6.8% |
| United Kingdom | 35.2 | 41.2 | 38.9 | 43.8 | 7.6% |
| Germany | 4.0 | 1.6 | 1.0 | 2.0 | -20.6% |
| Others | 6.5 | 4.3 | 3.2 | 4.2 | -13.5% |
| Total | 164 | 151 | 144 | 204 | 7.5% |
Top Export Markets for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) from China in 2022:
- United States (11.9K tons)
- Canada (8.7K tons)
- United Kingdom (6.1K tons)
- Germany (0.4K tons)
Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China
Imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s into China contracted notably to 2.1 tons in 2022, with a decrease of -30.6% compared with the previous year. Over the period under review, imports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 61%.
In value terms, imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s declined remarkably to $17K in 2022. In general, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 135% against the previous year.
| Import of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 78.0 | 10.2 | 24.0 | 17.1 | -39.7% |
| Norway | 26.0 | N/A | N/A | N/A | 0% |
| United Kingdom | 9.8 | N/A | N/A | N/A | 0% |
| Canada | 133 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 246 | 10.2 | 24.0 | 17.1 | -58.9% |
Top Suppliers of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) to China in 2022:
- Iceland (2.1 tons)
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