Asia: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Asia

The Asian frozen freshwater fish market contracted to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Frozen Freshwater Fish Production in Asia

In value terms, frozen freshwater fish production reached $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Frozen Freshwater Fish Exports

Exports in Asia

In 2023, after two years of decline, there was significant growth in overseas shipments of frozen freshwater fish, when their volume increased by X% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports totaled $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the five major exporters of frozen freshwater fish, namely China, India, Vietnam, Myanmar and Indonesia, represented more than two-thirds of total export. The following exporters - Oman (X tons), Taiwan (Chinese) (X tons), Pakistan (X tons), Japan (X tons), South Korea (X tons), Malaysia (X tons), Iran (X tons) and Thailand (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest frozen freshwater fish supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In China, frozen freshwater fish exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: India (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then dropped in the following year.

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

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

Frozen Freshwater Fish Imports

Imports in Asia

In 2023, approx. X tons of frozen freshwater fish were imported in Asia; picking up by X% compared with the year before. Overall, imports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen freshwater fish imports fell slightly to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China was the largest importer of frozen freshwater fish in Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Malaysia (X%). The following importers - Vietnam (X tons), Thailand (X tons), Bangladesh (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen freshwater fish imports into China stood at X%. At the same time, Malaysia (X%), Bangladesh (X%), the United Arab Emirates (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%), Vietnam (X%), Japan (X%), Taiwan (Chinese) (X%) and Thailand (X%) illustrated a downward trend over the same period. China (X p.p.), Malaysia (X p.p.), Bangladesh (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Taiwan (Chinese), South Korea, Japan and Thailand saw its share reduced by X%, X%, 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 ($X) constitutes the largest market for imported frozen freshwater fish in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, frozen freshwater fish imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined modestly in the following year.

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 Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform