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China - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in China - 2023
Contents:
- Preserved Herring Price in China (FOB) - 2023
- Preserved Herring Price in China (CIF) - 2022
- Preserved Herring Exports in China
- Preserved Herring Imports in China
Preserved Herring Price in China (FOB) - 2023
In June 2023, the average preserved herring export price amounted to $6,665 per ton, surging by 22% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 66% against the previous month. The export price peaked at $8,518 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($16,573 per ton), while the average price for exports to Japan ($6,356 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.6%), while the prices for the other major destinations experienced a decline.
Preserved Herring Price in China (CIF) - 2022
The average preserved herring import price stood at $3,527 per ton in 2022, surging by 5.7% against the previous year. Overall, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $7,039 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($4,698 per ton), while the price for Germany stood at $3,633 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Herring Exports in China
In 2022, shipments abroad of herrings (prepared or preserved) decreased by -23.4% to 1.6K tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 90% against the previous year. As a result, the exports attained the peak of 3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, preserved herring exports expanded remarkably to $9.6M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 29%. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Preserved Herring in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 6.3 | 5.6 | 5.6 | 6.8 | 2.6% |
Vietnam | N/A | 0.1 | 0.2 | 0.7 | 164.6% |
Sri Lanka | N/A | 3.1 | 1.4 | N/A | -54.8% |
Taiwan (Chinese) | 1.0 | N/A | N/A | N/A | 0% |
Others | 0.6 | 1.5 | 1.6 | 2.0 | 49.4% |
Total | 8.0 | 10.3 | 8.7 | 9.6 | 6.3% |
Top Export Markets for Preserved Herring from China in 2022:
- Japan (1245.4 tons)
- Vietnam (53.5 tons)
Preserved Herring Imports in China
In 2022, purchases abroad of herrings (prepared or preserved) decreased by -31.1% to 39 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 310%. As a result, imports reached the peak of 57 tons, and then reduced remarkably in the following year.
In value terms, preserved herring imports reduced markedly to $138K in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 119% against the previous year. As a result, imports reached the peak of $189K, and then contracted dramatically in the following year.
Import of Preserved Herring in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 19.3 | 3.2 | 0.7 | 5.4 | -34.6% |
South Africa | N/A | N/A | N/A | 0.3 | 0% |
Russia | 9.7 | 12.9 | 66.3 | N/A | 161.4% |
Sweden | 34.4 | 50.7 | 60.6 | N/A | 32.7% |
Italy | N/A | 19.3 | N/A | N/A | 0% |
Others | 1.0 | 0.3 | 61.4 | 132 | 409.2% |
Total | 64.4 | 86.4 | 189 | 138 | 28.9% |
Top Suppliers of Preserved Herring to China in 2022:
- Germany (1.5 tons)
- South Africa (0.1 tons)
This report provides an in-depth analysis of the preserved herring market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The preserved herring price in June 2023 was $6,665 per ton (FOB, China), experiencing a 22% increase compared to the previous month.
Exports of Preserved Mackerel reached a value of $20M in June 2023.
In June 2023, the price of Preserved Salmon in China increased by 51% compared to the previous month, reaching $13,061 per ton (FOB).
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