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

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

The Chinese fish meals and pellet market soared to $X in 2022, growing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Fish meals and pellet consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Flours, Meals And Pellets Of Fish in China

In value terms, fish meals and pellet production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Fish meals and pellet production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from China

In 2022, overseas shipments of flours, meals and pellets of fish decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports recorded a deep contraction. 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 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish meals and pellet exports contracted rapidly to $X in 2022. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for fish meals and pellet exports from China, with a X% share of total exports. Moreover, fish meals and pellet exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%.

In value terms, Japan ($X) remains the key foreign market for flours, meals and pellets of fish exports from China, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish

Imports into China

Fish meals and pellet imports into China shrank rapidly to X tons in 2022, which is down by X% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, fish meals and pellet imports soared to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest fish meals and pellet supplier to China, with a X% share of total imports. Moreover, fish meals and pellet imports from Indonesia exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United States (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of flours, meals and pellets of fish to China, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Russia (X% per year).

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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