Eastern Asia: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Exports

Exports in Eastern Asia

In 2020, shipments abroad of frozen atlantic halibut decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, frozen atlantic halibut exports reached $X in 2020. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in years to come.

Exports by Country

China was the largest exporter of frozen atlantic halibut in Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2020. Hong Kong SAR (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together held near X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Japan (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, South Korea (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Japan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Hong Kong SAR (-X p.p.) and South Korea (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest frozen atlantic halibut supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, frozen atlantic halibut exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Japan (+X% per year).

Export Prices by Country

The frozen atlantic halibut export price in Eastern Asia stood at $X per ton in 2020, with an increase of X% against the previous year. Export price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports in Eastern Asia

After two years of growth, overseas purchases of frozen atlantic halibut decreased by -X% to X tons in 2020. Total imports indicated perceptible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019, and then declined in the following year.

In value terms, frozen atlantic halibut imports declined significantly to $X in 2020. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019, and then dropped significantly in the following year.

Imports by Country

China represented the major importing country with an import of around X tons, which recorded X% of total imports. Japan (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together occupied near X% share of total imports. Hong Kong SAR (X tons) occupied a minor share of total imports.

China was also the fastest-growing in terms of the frozen atlantic halibut imports, with a CAGR of +X% from 2007 to 2020. At the same time, Taiwan (Chinese) (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported frozen atlantic halibut in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual growth rate of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

The frozen atlantic halibut import price in Eastern Asia stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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