Eastern Asia: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Eastern Asia

After seven years of growth, the East Asian fish fat and oil market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Fish Fats And Oils in Eastern Asia

In value terms, fish fat and oil production amounted to $X in 2022 estimated in export price. The total production indicated a modest 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports in Eastern Asia

In 2022, overseas shipments of fish fats and oils were finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil exports soared to $X in 2022. Overall, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the main exporter of fish fats and oils, comprising X% of total exports. It was distantly followed by Japan (X tons), generating a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest fish fat and oil supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, fish fat and oil exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced markedly 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 Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Fish Fats And Oils

Imports in Eastern Asia

In 2022, fish fat and oil imports in Eastern Asia shrank modestly to X tons, waning by X% compared with the year before. Overall, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fish fat and oil imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China represented the major importer of fish fats and oils in Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together comprising a X% share of total imports.

China was also the fastest-growing in terms of the fish fats and oils imports, with a CAGR of X% from 2012 to 2022. South Korea (X%), Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported fish fats and oils in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price enjoyed a resilient increase. As a result, import price attained 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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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