Asia: Market for Flours, Meals And Pellets Of Fish 2023

Market Size for Flours, Meals And Pellets Of Fish in Asia

The Asian fish meals and pellet market rose sharply to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a slight contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish in Asia

In value terms, fish meals and pellet production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports in Asia

Fish meals and pellet exports dropped notably to X tons in 2022, with a decrease of X% compared with the previous year. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fish meals and pellet exports contracted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Yemen (X tons), generating a X% share of total exports. Myanmar (X tons), Thailand (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest fish meals and pellet supplying countries in Asia were Indonesia ($X), Vietnam ($X) and China ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a prominent increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Yemen ($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 more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports in Asia

Fish meals and pellet imports shrank to X tons in 2022, reducing by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fish meals and pellet imports expanded remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. China (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic People's Republic of Korea (X%). The following importers - Malaysia (X tons) and Bangladesh (X tons) - each finished at a X% share of total imports.

Imports into Japan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. China and Malaysia experienced a relatively flat trend pattern. By contrast, Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported flours, meals and pellets of fish in Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Democratic People's Republic of Korea, with a X% share.

In Japan, fish meals and pellet imports contracted 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: China (X% per year) and Democratic People's Republic of Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price 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, fish meals and pellet import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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