Asia: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Asia

The Asian battered fish fillet market expanded notably to $X in 2022, growing by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in Asia

In value terms, battered fish fillet production expanded significantly to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Battered Fish Fillet Exports

Exports in Asia

In 2022, overseas shipments of fish fillets in batter or breadcrumbs decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, battered fish fillet exports declined to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), constituting a X% share of total exports. Thailand (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the fish fillets in batter or breadcrumbs exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Vietnam (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest battered fish fillet supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

In China, battered fish fillet exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Battered Fish Fillet Imports

Imports in Asia

In 2022, supplies from abroad of fish fillets in batter or breadcrumbs increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports stood at $X in 2022. Over the period under review, imports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by South Korea (X tons), generating a X% share of total imports. The following importers - Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Thailand (X tons) and Malaysia (X tons) - together made up X% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of fish fillets in batter or breadcrumbs. At the same time, Thailand (X%), Taiwan (Chinese) (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Thailand (X p.p.), Japan (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported fish fillets in batter or breadcrumbs in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In Japan, battered fish fillet imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X 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) (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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