Eastern Asia: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Eastern Asia

The East Asian frozen catfish fillets market declined modestly to $X in 2020, dropping by -X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Frozen Catfish Fillets Production in Eastern Asia

In value terms, frozen catfish fillets production shrank to $X in 2020 estimated in export prices. In general, production showed a abrupt setback. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. The level of production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Production By Country in Eastern Asia

China (X tons) constituted the country with the largest volume of frozen catfish fillets production, accounting for X% of total volume. Moreover, frozen catfish fillets production in China exceeded the figures recorded by the second-largest producer, Democratic People's Republic of Korea (X tons), more than tenfold.

In China, frozen catfish fillets production contracted by an average annual rate of -X% over the period from 2007-2020.

Frozen Catfish Fillets Exports

Exports in Eastern Asia

In 2020, overseas shipments of frozen catfish fillets increased by X% to X tons for the first time since 2014, thus ending a five-year declining trend. Over the period under review, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen catfish fillets exports skyrocketed to $X in 2020. Overall, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China dominates frozen catfish fillets exports structure, reaching X tons, which was approx. X% of total exports in 2020. It was distantly followed by Hong Kong SAR (X tons), making up a X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2020. Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Hong Kong SAR increased by +X% percentage points, while China (-X p.p.) saw their share reduced.

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

In China, frozen catfish fillets exports contracted by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen catfish fillets export price in Eastern Asia amounted to $X per ton, standing approx. at the previous year. Overall, the export price showed a slight setback. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

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 Hong Kong SAR amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Frozen Catfish Fillets Imports

Imports in Eastern Asia

In 2020, after seven years of growth, there was decline in purchases abroad of frozen catfish fillets, when their volume decreased by -X% to X tons. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, frozen catfish fillets imports contracted markedly to $X in 2020. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The level of import peaked at $X in 2019, and then reduced notably in the following year.

Imports by Country

China dominates frozen catfish fillets imports structure, resulting at X tons, which was near X% of total imports in 2020. The following importers - Japan (X tons) and Hong Kong SAR (X tons) - each resulted at a X% share of total imports.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Hong Kong SAR (-X% per year).

Import Prices by Country

In 2020, the frozen catfish fillets import price in Eastern Asia amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the import prices remained at a lower figure.

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

Source: IndexBox Platform

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