Asia-Pacific: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Asia-Pacific

The Asia-Pacific frozen whole fish market was estimated at $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is likely to continue growth in the near future.

Frozen Whole Fish Production in Asia-Pacific

In value terms, frozen whole fish production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Frozen Whole Fish Exports

Exports in Asia-Pacific

In 2023, shipments abroad of frozen whole fish increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, frozen whole fish exports shrank to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons), distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons), India (X tons), Japan (X tons), Indonesia (X tons) and Vietnam (X tons) were the major exporters of frozen whole fish, together achieving X% of total exports. The following exporters - Myanmar (X tons), Pakistan (X tons), Micronesia (X tons), New Zealand (X tons) and Papua New Guinea (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest frozen whole fish supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports in Asia-Pacific

In 2023, purchases abroad of frozen whole fish increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports reduced to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2023, China (X tons) represented the largest importer of frozen whole fish, generating X% of total imports. It was distantly followed by Thailand (X tons), South Korea (X tons), Japan (X tons) and Vietnam (X tons), together creating a X% share of total imports. The Philippines (X tons) and Malaysia (X tons) held a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%), Thailand (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. South Korea, Vietnam, the Philippines and Malaysia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform