Eastern Asia: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Eastern Asia

The East Asian frozen tilapias market skyrocketed to $X in 2020, rising by X% against the previous year. In general, consumption enjoyed a pronounced increase. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Frozen Tilapias Production in Eastern Asia

In value terms, frozen tilapias production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

China (X tons) constituted the country with the largest volume of frozen tilapias production, accounting for X% of total volume.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest.

Frozen Tilapias Exports

Exports in Eastern Asia

In 2020, exports of frozen tilapias in Eastern Asia fell remarkably to X tons, which is down by -X% against 2019. Overall, exports saw a relatively flat trend pattern. 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 peak figure at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports shrank to $X in 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tons) was the key exporter of frozen tilapias in Eastern Asia, creating X% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of frozen tilapias. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest frozen tilapias supplier in Eastern Asia.

From 2007 to 2020, the average annual growth rate of value in China was relatively modest.

Export Prices by Country

In 2020, the frozen tilapias export price in Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Frozen Tilapias Imports

Imports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded growth in supplies from abroad of frozen tilapias, which increased by X% to X tons in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its volume 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, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, frozen tilapias imports surged to $X in 2020. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, South Korea (X tons) represented the main importer of frozen tilapias, achieving X% of total imports. Japan (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Hong Kong SAR (X%). Taiwan (Chinese) (X tons) occupied a little share of total imports.

South Korea was also the fastest-growing in terms of the frozen tilapias imports, with a CAGR of +X% from 2007 to 2020. At the same time, Hong Kong SAR (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. South Korea (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Taiwan (Chinese) saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported frozen tilapias in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In South Korea, frozen tilapias imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

In 2020, the frozen tilapias import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :