Price for Fish Meal; Fit for Human Consumption in Japan - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Japan (FOB) - 2022
- Price for Fish Meal; Fit for Human Consumption in Japan (CIF) - 2022
- Exports of Fish Meal; Fit for Human Consumption in Japan
- Imports of Fish Meal; Fit for Human Consumption in Japan
Price for Fish Meal; Fit for Human Consumption in Japan (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $23,901 per ton in 2022, picking up by 32% against the previous year. Over the period under review, the export price enjoyed slight growth. The growth pace was the most rapid in 2018 when the average export price increased by 97%. Over the period under review, the average export prices reached the peak figure at $30,361 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($53,053 per ton), while the average price for exports to Malaysia ($13,748 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 Saudi Arabia (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Meal; Fit for Human Consumption in Japan (CIF) - 2022
In 2022, the average import price for fish meal; fit for human consumptia amounted to $12,409 per ton, reducing by -20.4% against the previous year. Overall, the import price, however, posted a pronounced expansion. The growth pace was the most rapid in 2021 an increase of 142%. As a result, import price attained the peak level of $15,586 per ton, and then dropped dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($40,690 per ton), while the price for Indonesia ($3,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Meal; Fit for Human Consumption in Japan
In 2022, approx. 11 tons of fish meal; fit for human consumptia were exported from Japan; increasing by 9.9% against the year before. Overall, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 60%. As a result, the exports attained the peak of 18 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fish meal; fit for human consumptia soared to $273K in 2022. Over the period under review, exports, however, showed a deep setback.
| Export of Fish Meal; Fit for Human Consumption in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 48.6 | 143 | 12.8 | 44.5 | -2.9% |
| Saudi Arabia | 9.5 | 1.4 | 32.3 | 41.0 | 62.8% |
| Malaysia | 117 | 35.8 | 12.4 | 40.4 | -29.8% |
| Indonesia | 27.6 | 63.7 | 29.2 | 36.9 | 10.2% |
| United States | 12.7 | 17.8 | 24.8 | 31.5 | 35.4% |
| Thailand | 6.9 | 30.1 | 10.8 | 13.7 | 25.7% |
| Hong Kong SAR | 3.5 | 4.8 | 9.9 | 12.5 | 52.9% |
| Vietnam | 21.3 | 11.2 | 2.4 | 8.3 | -27.0% |
| Canada | 6.4 | 9.6 | 5.3 | 8.0 | 7.7% |
| Others | 78.9 | 39.7 | 48.2 | 36.0 | -23.0% |
| Total | 333 | 357 | 188 | 273 | -6.4% |
Top Export Markets for Fish Meal; Fit for Human Consumption from Japan in 2022:
- Malaysia (2.9 tons)
- South Korea (2.6 tons)
- Indonesia (1.4 tons)
- United States (1.3 tons)
- Saudi Arabia (0.8 tons)
- Hong Kong SAR (0.6 tons)
- Thailand (0.5 tons)
- Canada (0.3 tons)
- Vietnam (0.3 tons)
Imports of Fish Meal; Fit for Human Consumption in Japan
In 2022, purchases abroad of fish meal; fit for human consumptia decreased by -2.2% to 1.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 266%. As a result, imports attained the peak of 2.5 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fish meal; fit for human consumptia fell significantly to $22K in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 272%.
| Import of Fish Meal; Fit for Human Consumption in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2.0 | 9.7 | 2.8 | 4.9 | 34.8% |
| Myanmar | 0.6 | 2.7 | 2.8 | 1.8 | 44.2% |
| United Kingdom | 0.2 | 1.2 | 1.5 | 1.2 | 81.7% |
| Papua New Guinea | 0.2 | 0.7 | 1.1 | 0.8 | 58.7% |
| Indonesia | 0.1 | 0.6 | 0.6 | 0.3 | 44.2% |
| Ghana | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 1.2 | 19.9 | 13.3 | 198.5% |
| Total | 4.3 | 16.0 | 28.7 | 22.3 | 73.1% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Japan in 2022:
- South Africa (313.0 kg)
- Myanmar (143.0 kg)
- Papua New Guinea (108.0 kg)
- Indonesia (93.0 kg)
- United Kingdom (29.0 kg)
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