Japan: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Japan

The Japanese meat and fish extracts market fell to $X in 2022, reducing by X% against the previous year. Overall, consumption saw a abrupt decline. Meat and fish extracts consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Japan

In value terms, meat and fish extracts production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Meat and fish extracts production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Japan

In 2022, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat and fish extracts exports dropped to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for meat and fish extracts exports from Japan, with a X% share of total exports. Moreover, meat and fish extracts exports to Hong Kong SAR exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for extracts and juices of meat, fish, crustaceans and molluscs exports from Japan, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average meat and fish extracts export price amounted to $X per ton, which is down by X% against the previous year. In general, export price indicated measured growth 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. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Australia ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Japan

In 2022, after three years of decline, there was significant growth in overseas purchases of extracts and juices of meat, fish, crustaceans and molluscs, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, meat and fish extracts imports amounted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of meat and fish extracts imports to Japan, together comprising X% of total imports. Spain, France, the United States, Australia, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and fish extracts suppliers to Japan were China ($X), Thailand ($X) and France ($X), together comprising X% of total imports. Australia, South Korea, Taiwan (Chinese), Indonesia, the United States and Spain lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat and fish extracts import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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