Asia: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Asia

After two years of growth, the Asian frozen atlantic halibut market decreased by -X% to $X in 2020. Overall, consumption, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then reduced in the following year.

Frozen Atlantic Halibut Production in Asia

In value terms, frozen atlantic halibut production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2013 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Asia

The countries with the highest volumes of frozen atlantic halibut production in 2020 were Yemen (X tons), Bangladesh (X tons) and Pakistan (X tons), together accounting for X% of total production. Indonesia, South Korea, India, Myanmar, Sri Lanka and the Philippines lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of frozen atlantic halibut production, amongst the leading producing countries, was attained by Indonesia, while frozen atlantic halibut production for the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Exports

Exports in Asia

In 2020, shipments abroad of frozen atlantic halibut decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports rose modestly to $X in 2020. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in the near future.

Exports by Country

In 2020, China (X tons) represented the major exporter of frozen atlantic halibut, making up X% of total exports. It was distantly followed by Hong Kong SAR (X tons) and Japan (X tons), together creating a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to frozen atlantic halibut exports from China stood at +X%. At the same time, Japan (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and South Korea saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, China ($X) remains the largest frozen atlantic halibut supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, frozen atlantic halibut exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the frozen atlantic halibut export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a prominent increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when the export price increased by X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports in Asia

After two years of growth, overseas purchases of frozen atlantic halibut decreased by -X% to X tons in 2020. Total imports indicated a moderate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2019, and then dropped in the following year.

In value terms, frozen atlantic halibut imports reduced dramatically to $X in 2020. In general, imports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2019, and then reduced markedly in the following year.

Imports by Country

In 2020, China (X tons) was the main importer of frozen atlantic halibut, mixing up X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the frozen atlantic halibut imports, with a CAGR of +X% from 2007 to 2020. At the same time, Taiwan (Chinese) (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported frozen atlantic halibut in Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In China, frozen atlantic halibut imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in Asia amounted to $X per ton, declining by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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