Asia: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Asia

The Asian inedible fish products market surged to $X in 2022, rising by X% against the previous year. Overall, consumption, however, posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Inedible Fish Products Production in Asia

In value terms, inedible fish products production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase 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 increased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Inedible Fish Products Exports

Exports in Asia

In 2022, the amount of inedible fish products exported in Asia expanded remarkably to X tons, rising by X% compared with the previous year. Total exports indicated notable growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, inedible fish products exports expanded rapidly to $X in 2022. Total exports indicated prominent 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Vietnam (X tons) was the major exporter of inedible fish products, constituting X% of total exports. It was distantly followed by South Korea (X tons), Singapore (X tons), China (X tons) and Cambodia (X tons), together generating a X% share of total exports. Indonesia (X tons), Taiwan (Chinese) (X tons), Yemen (X tons), Thailand (X tons), Bangladesh (X tons), Japan (X tons), Uzbekistan (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest inedible fish products supplying countries in Asia were Vietnam ($X), China ($X) and Thailand ($X), with a combined X% share of total exports. Uzbekistan, South Korea, Singapore, Indonesia, Taiwan (Chinese), Bangladesh, Japan, India, Yemen and Cambodia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Inedible Fish Products Imports

Imports in Asia

Inedible fish products imports reduced markedly to X tons in 2022, with a decrease of X% compared with the previous year. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports soared to $X in 2022. The total import 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 most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Thailand (X tons), China (X tons), Oman (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Singapore (X tons) and South Korea (X tons) represented the key importers of inedible fish products, together creating X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Thailand, Taiwan (Chinese), South Korea, Singapore and Oman lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated prominent growth 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. 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 Vietnam ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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