Price for Fish; Edible Offal, Fish Heads, Tails and Maws in China - 2023

Contents:

1. Price for Fish; Edible Offal, Fish Heads, Tails and Maws in China (CIF) - 2023
2. Price for Fish; Edible Offal, Fish Heads, Tails and Maws in China (FOB) - 2023
3. Imports of Fish; Edible Offal, Fish Heads, Tails and Maws in China
4. Exports of Fish; Edible Offal, Fish Heads, Tails and Maws in China

Price for Fish; Edible Offal, Fish Heads, Tails and Maws in China (CIF) - 2023

The average import price for fish; edible offal, fish heads, tails and mawses stood at $37,864 per ton in December 2023, with an increase of 8.6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in September 2023 when the average import price increased by 39% against the previous month. As a result, import price reached the peak level of $43,490 per ton. From October 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Tanzania ($205K per ton), while the price for Vietnam ($25,353 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Suriname (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Edible Offal, Fish Heads, Tails and Maws in China (FOB) - 2023

The average export price for fish; edible offal, fish heads, tails and mawses stood at $4,147 per ton in December 2023, declining by -34.3% against the previous month. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 103% m-o-m. As a result, the export price reached the peak level of $13,848 per ton. From September 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($7,785 per ton), while the average price for exports to the United States ($2,658 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Edible Offal, Fish Heads, Tails and Maws in China

In 2022, the amount of fish; edible offal, fish heads, tails and mawses imported into China skyrocketed to 3K tons, jumping by 22% on 2021 figures. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 121%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of fish; edible offal, fish heads, tails and mawses soared to $58M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fish; Edible Offal, Fish Heads, Tails and Maws to China in 2022:

1. Vietnam (2772.8 tons)
2. Suriname (52.0 tons)
3. Spain (51.3 tons)
4. Kenya (48.0 tons)
5. Norway (29.9 tons)

Exports of Fish; Edible Offal, Fish Heads, Tails and Maws in China

In 2022, overseas shipments of fish; edible offal, fish heads, tails and mawses decreased by -21% to 575 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports reached the peak of 728 tons, and then dropped sharply in the following year.

In value terms, exports of fish; edible offal, fish heads, tails and mawses contracted markedly to $5.3M in 2022. In general, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports attained the peak of $7.1M, and then reduced dramatically in the following year.

Top Export Markets for Fish; Edible Offal, Fish Heads, Tails and Maws from China in 2022:

1. South Korea (217.1 tons)
2. United States (184.4 tons)
3. Hong Kong SAR (78.2 tons)
4. Australia (42.6 tons)
5. Canada (34.5 tons)
6. Japan (17.7 tons)

Source: IndexBox Market Intelligence Platform