Asia-Pacific: Freshwater Fish Market 2024

Freshwater Fish Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific freshwater fish market recorded growth in sales value, which increased by X% to $X in 2023. The market 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 level of consumption peaked in 2023 and is expected to retain growth in years to come.

Freshwater Fish Production in Asia-Pacific

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 in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the immediate term.

Freshwater Fish Exports

Exports in Asia-Pacific

In 2023, exports of freshwater fish in Asia-Pacific dropped to X tons, waning by X% compared with 2022 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, freshwater fish exports fell to $X in 2023. The total export 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 2018 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced slightly in the following year.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. Myanmar (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%). The Philippines (X tons), Vietnam (X tons), Indonesia (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

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-Pacific, 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. From 2012 to 2023, the share of China, Japan and Vietnam 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, China ($X) remains the largest freshwater fish supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, freshwater fish exports expanded at an average annual rate of X% over the period from 2012-2023. 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-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas purchases of freshwater fish, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, freshwater fish imports expanded modestly to $X in 2023. Total imports indicated moderate 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 growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Hong Kong SAR (X tons) was the major importer of freshwater fish, creating X% of total imports. China (X tons) took the second position in the ranking, followed by South Korea (X tons), Japan (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total imports. The following importers - Macao SAR (X tons) and Cambodia (X tons) - together made up X% of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2023. 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-Pacific, with a CAGR of X% from 2012-2023. Macao SAR and Japan experienced a relatively flat trend pattern. China (X p.p.), Vietnam (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2023, 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-Pacific were Japan ($X), Hong Kong SAR ($X) and China ($X), together accounting for X% of total imports. South Korea, Vietnam, Macao SAR and Cambodia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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-Pacific stood at $X per ton in 2023, remaining stable against the previous year. Over the period from 2012 to 2023, 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 at $X per ton in 2022, and then contracted slightly 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 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