Eastern Asia: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Eastern Asia

The East Asian meat and fish extracts market declined slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank modestly in the following year.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Eastern Asia

In value terms, meat and fish extracts production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Eastern Asia

In 2022, shipments abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed noticeable growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat and fish extracts exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) was the largest exporter of extracts and juices of meat, fish, crustaceans and molluscs, generating X% of total exports. It was distantly followed by South Korea (X tons) and Hong Kong SAR (X tons), together mixing up a X% share of total exports. Japan (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest meat and fish extracts supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Eastern Asia

Meat and fish extracts imports fell sharply to X tons in 2022, reducing by X% compared with the previous year's figure. The total import volume 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 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, meat and fish extracts imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then fell modestly in the following year.

Imports by Country

South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2022.

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

In value terms, the largest meat and fish extracts importing markets in Eastern Asia were Japan ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined X% share of total imports.

Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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