Japan: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in Japan

In 2022, after two years of growth, there was significant decline in the Japanese market for cod, salted or in brine, when its value decreased by X% to $X. Over the period under review, consumption saw a deep setback. Cod, salted or in brine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports from Japan

In 2022, cod, salted or in brine exports from Japan skyrocketed to X tons, jumping by X% on the previous year's figure. Over the period under review, exports saw mild growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cod, salted or in brine exports soared to $X in 2022. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cod, salted or in brine exports from Japan, accounting for a X% share of total exports. Moreover, cod, salted or in brine exports to the United States exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for cod, salted or in brine exports from Japan, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Canada (X% per year).

Export Prices by Country

The average export price for cod, salted or in brine stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Imports of Cod, Salted or in Brine

Imports into Japan

In 2022, after two years of growth, there was decline in supplies from abroad of cod, salted or in brine, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cod, salted or in brine imports shrank slightly to $X in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest cod, salted or in brine supplier to Japan, with a X% share of total imports. Moreover, cod, salted or in brine imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

In value terms, the United States ($X), Thailand ($X) and China ($X) constituted the largest cod, salted or in brine suppliers to Japan, together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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