Global Frozen Catfish Market 2022

Frozen Catfish Market Size

After three years of growth, the global frozen catfish market decreased by -X% to $X in 2020. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the global market attained the peak level at $X in 2019, and then reduced notably in the following year.

Frozen Catfish Production

In value terms, frozen catfish production fell modestly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2018 to 2020, global production growth remained at a lower figure.

Production By Country

Vietnam (X tons) remains the largest frozen catfish producing country worldwide, comprising approx. X% of total volume. Moreover, frozen catfish production in Vietnam exceeded the figures recorded by the second-largest producer, China (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total production with a X% share.

In Vietnam, frozen catfish production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (+X% per year) and Thailand (+X% per year).

Frozen Catfish Exports

Exports

In 2020, global exports of frozen catfish shrank modestly to X tons, approximately equating the year before. Over the period under review, total exports indicated a pronounced increase 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, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Global exports peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish exports soared to $X in 2020. Overall, total exports indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. Over the period under review, global exports attained the peak figure at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Vietnam prevails in frozen catfish exports structure, reaching X tons, which was approx. X% of total exports in 2020. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by China (X%). The following exporters - Thailand (X tons), the Netherlands (X tons) and Malaysia (X tons) - each recorded a X% share of total exports.

Exports from Vietnam increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%), Indonesia (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. China experienced a relatively flat trend pattern. By contrast, Thailand (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.), Indonesia (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of China (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen catfish supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Vietnam totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2020, the average frozen catfish export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Frozen Catfish Imports

Imports

In 2020, the amount of frozen catfish imported worldwide shrank slightly to X tons, reducing by -X% against the previous year's figure. In general, total imports indicated temperate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Global imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen catfish imports declined to $X in 2020. Overall, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, global imports reached the maximum at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Colombia (X tons), distantly followed by Saudi Arabia (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) were the largest importers of frozen catfish, together creating X% of total imports. The following importers - Democratic Republic of the Congo (X tons), the U.S. (X tons), Qatar (X tons), the Netherlands (X tons), Russia (X tons), France (X tons), the UK (X tons), Uzbekistan (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen catfish imports into Colombia stood at +X%. At the same time, Cote d'Ivoire (+X%), Saudi Arabia (+X%), Malaysia (+X%), Democratic Republic of the Congo (+X%), Qatar (+X%), Uzbekistan (+X%), the U.S. (+X%), the Netherlands (+X%), the UK (+X%) and France (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Cameroon experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Colombia, Saudi Arabia, Cote d'Ivoire, Democratic Republic of the Congo, the U.S., Qatar, the Netherlands, Uzbekistan and Malaysia increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Cameroon (-X p.p.) and Russia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen catfish importing markets worldwide were Colombia ($X), Saudi Arabia ($X) and Cote d'Ivoire ($X), together accounting for X% of global imports.

In terms of the main importing countries, Saudi Arabia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. Global import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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