Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan (CIF) - 2023
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan (CIF) - 2023
In November 2023, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,343 per ton, remaining relatively unchanged against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 8.2% against the previous month. Over the period under review, average import prices reached the maximum at $5,907 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Chile ($7,712 per ton), while the price for Mexico ($4,844 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan
For the fourth consecutive year, Japan recorded growth in overseas purchases of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which increased by 5.3% to 2.6K tons in 2022. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s expanded markedly to $15M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 6.3 | 7.0 | 8.6 | 7.4 | 5.5% |
Canada | 0.8 | 1.1 | 1.3 | 2.8 | 51.8% |
Mexico | 0.4 | 0.1 | 0.6 | 2.4 | 81.7% |
Uruguay | 1.1 | 1.3 | 0.8 | 0.8 | -10.1% |
South Korea | 1.2 | 1.6 | 0.7 | 0.8 | -12.6% |
China | 0.3 | 0.3 | 0.9 | 0.6 | 26.0% |
New Zealand | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
Others | 0.6 | 0.4 | 0.7 | N/A | 8.0% |
Total | 11.5 | 12.0 | 13.6 | 14.9 | 9.0% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Japan in 2022:
- Argentina (1238.1 tons)
- Mexico (496.0 tons)
- Canada (486.1 tons)
- China (143.9 tons)
- South Korea (134.8 tons)
- Uruguay (118.7 tons)
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