Eastern Asia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Eastern Asia

In 2022, the East Asian fish meals and pellet market increased by X% to $X, rising for the fourth consecutive year after six years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in Eastern Asia

In value terms, fish meals and pellet production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Flours, Meals And Pellets Of Fish

Exports in Eastern Asia

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. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fish meals and pellet exports dropped sharply to $X in 2022. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of flours, meals and pellets of fish, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the flours, meals and pellets of fish exports, with a CAGR of X% from 2012 to 2022. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fish meals and pellet supplier in Eastern Asia.

In China, fish meals and pellet exports shrank by 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, surging by X% against the previous year. In general, the export price saw a measured expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Flours, Meals And Pellets Of Fish

Imports in Eastern Asia

In 2022, purchases abroad of flours, meals and pellets of fish increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, fish meals and pellet imports expanded significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a X% share, followed by Democratic People's Republic of Korea (X%).

Imports into Japan decreased at an average annual rate of X% from 2012 to 2022. China experienced a relatively flat trend pattern. Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. Japan (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total imports, while Democratic People's Republic of Korea saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported flours, meals and pellets of fish in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

In Japan, fish meals and pellet imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Democratic People's Republic of Korea (X% per year).

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.

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 ($X per ton), while Japan ($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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