Price for Fish; Edible Offal, Shark Fins in China - 2023
Contents:
- Price for Fish; Edible Offal, Shark Fins in China (CIF) - 2023
- Price for Fish; Edible Offal, Shark Fins in China (FOB) - 2022
- Imports of Fish; Edible Offal, Shark Fins in China
- Exports of Fish; Edible Offal, Shark Fins in China
Price for Fish; Edible Offal, Shark Fins in China (CIF) - 2023
The average import price for fish; edible offal, shark finses stood at $29,027 per ton in June 2023, rising by 23% against the previous month. Over the period under review, import price indicated a tangible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, fish; edible offal, shark fins import price increased by +83.2% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 49% against the previous month. Over the period under review, average import prices hit record highs at $31,008 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Singapore ($43,171 per ton), while the price for Spain totaled $20,002 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish; Edible Offal, Shark Fins in China (FOB) - 2022
The average export price for fish; edible offal, shark finses stood at $117,918 per ton in 2022, surging by 37% against the previous year. In general, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($463,011 per ton), while the average price for exports to Singapore ($78,786 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 Thailand (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish; Edible Offal, Shark Fins in China
In 2022, approx. 610 tons of fish; edible offal, shark finses were imported into China; increasing by 112% on 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fish; edible offal, shark fins imports surged to $15M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish; Edible Offal, Shark Fins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.1 | 1.0 | 0.1 | 8.3 | 336.2% |
| Spain | 0.4 | 1.3 | 1.2 | 3.5 | 106.1% |
| Pakistan | N/A | 0.3 | 0.9 | 1.1 | 91.5% |
| Japan | 0.5 | N/A | 0.3 | 0.9 | 21.6% |
| Senegal | 3.8 | 0.1 | 0.2 | 0.2 | -62.5% |
| Others | 0.1 | 0.6 | 1.3 | 0.5 | 71.0% |
| Total | 4.8 | 3.3 | 4.0 | 14.5 | 44.6% |
Top Suppliers of Fish; Edible Offal, Shark Fins to China in 2022:
- Singapore (279.4 tons)
- Spain (175.1 tons)
- Pakistan (81.4 tons)
- Japan (17.6 tons)
- Senegal (10.8 tons)
Exports of Fish; Edible Offal, Shark Fins in China
Fish; edible offal, shark fins exports from China shrank to 22 tons in 2022, which is down by -11.6% against 2021 figures. Overall, exports showed a precipitous curtailment. The smallest decline of -4% was in 2020.
In value terms, fish; edible offal, shark fins exports skyrocketed to $2.6M in 2022. In general, exports faced a sharp slump.
| Export of Fish; Edible Offal, Shark Fins in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 77.2 | N/A | 37.4 | 735 | 111.9% |
| Australia | 27.3 | 91.9 | 525 | 392 | 143.1% |
| Thailand | N/A | N/A | N/A | 118 | 0% |
| Japan | 444 | 250 | 252 | 97.8 | -39.6% |
| Hong Kong SAR | 5,323 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 1,435 | N/A | N/A | N/A | 0% |
| Others | N/A | 7,501 | 1,354 | 1,284 | -58.6% |
| Total | 7,306 | 7,842 | 2,167 | 2,626 | -28.9% |
Top Export Markets for Fish; Edible Offal, Shark Fins from China in 2022:
- Singapore (9.3 tons)
- Australia (4.3 tons)
- Japan (1.1 tons)
- Thailand (0.3 tons)
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