Eastern Asia: Preserved Herring Market 2024

Preserved Herring Market Size in Eastern Asia

The East Asian preserved herring market shrank slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Preserved Herring Production in Eastern Asia

In value terms, preserved herring production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Preserved Herring Exports

Exports in Eastern Asia

In 2022, shipments abroad of herrings (prepared or preserved) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved herring exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the main exporter of herrings (prepared or preserved), generating X% of total exports. It was distantly followed by Japan (X tons), generating a X% share of total exports.

Exports from China decreased 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. From 2012 to 2022, the share of Japan increased by X percentage points.

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

In China, preserved herring exports declined 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. Export price indicated a pronounced increase from 2012 to 2022: its price 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, preserved herring export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

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

Preserved Herring Imports

Imports in Eastern Asia

In 2022, after three years of decline, there was growth in purchases abroad of herrings (prepared or preserved), when their volume increased by X% to X tons. Over the period under review, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved herring imports soared to $X in 2022. In general, imports, however, showed a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Taiwan (Chinese) (X tons) and South Korea (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved herring imports into Japan stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported herrings (prepared or preserved) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

In Japan, preserved herring imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, 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 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 Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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