Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan (CIF) - 2023
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan (CIF) - 2023
In November 2023, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,343 per ton, remaining relatively unchanged against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 8.2% against the previous month. Over the period under review, average import prices reached the maximum at $5,907 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Chile ($7,712 per ton), while the price for Mexico ($4,844 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 China (+0.2%), while the prices for the other major suppliers experienced a decline.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan
For the fourth consecutive year, Japan recorded growth in overseas purchases of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which increased by 5.3% to 2.6K tons in 2022. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s expanded markedly to $15M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 6.3 | 7.0 | 8.6 | 7.4 | 5.5% |
| Canada | 0.8 | 1.1 | 1.3 | 2.8 | 51.8% |
| Mexico | 0.4 | 0.1 | 0.6 | 2.4 | 81.7% |
| Uruguay | 1.1 | 1.3 | 0.8 | 0.8 | -10.1% |
| South Korea | 1.2 | 1.6 | 0.7 | 0.8 | -12.6% |
| China | 0.3 | 0.3 | 0.9 | 0.6 | 26.0% |
| New Zealand | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Others | 0.6 | 0.4 | 0.7 | N/A | 8.0% |
| Total | 11.5 | 12.0 | 13.6 | 14.9 | 9.0% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Japan in 2022:
- Argentina (1238.1 tons)
- Mexico (496.0 tons)
- Canada (486.1 tons)
- China (143.9 tons)
- South Korea (134.8 tons)
- Uruguay (118.7 tons)
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