Asia: Freshwater Fish Market 2024

Freshwater Fish Market Size in Asia

The Asian freshwater fish market rose notably to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in the near future.

Freshwater Fish Production in Asia

In value terms, freshwater fish production rose significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs in 2023 and is expected to retain growth in the immediate term.

Freshwater Fish Exports

Exports in Asia

In 2023, freshwater fish exports in Asia declined to X tons, dropping by X% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, freshwater fish exports declined modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then declined modestly in the following year.

Exports by Country

China dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Myanmar (X tons) and Japan (X tons), together mixing up a X% share of total exports. The Philippines (X tons), Vietnam (X tons), Indonesia (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Japan (X%), Hong Kong SAR (X%), Myanmar (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%), South Korea (X%) and the Philippines (X%) illustrated a downward trend over the same period. China (X p.p.), Japan (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, South Korea and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest freshwater fish supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Freshwater Fish Imports

Imports in Asia

For the third consecutive year, Asia recorded growth in purchases abroad of freshwater fish, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, freshwater fish imports expanded slightly to $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Hong Kong SAR represented the largest importer of freshwater fish in Asia, with the volume of imports recording X tons, which was near X% of total imports in 2023. China (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), Japan (X%) and Vietnam (X%). The following importers - Macao SAR (X tons) and Cambodia (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to freshwater fish imports into Hong Kong SAR stood at X%. At the same time, Cambodia (X%), Vietnam (X%), China (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Macao SAR and Japan experienced a relatively flat trend pattern. From 2012 to 2023, the share of China, Vietnam and Cambodia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest freshwater fish importing markets in Asia were Japan ($X), Hong Kong SAR ($X) and China ($X), with a combined X% share of total imports. South Korea, Vietnam, Macao SAR and Cambodia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, almost unchanged from the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform