China: Freshwater Fish Market 2024

Freshwater Fish Market Size in China

The Chinese freshwater fish market expanded significantly to $X in 2023, with an increase of X% against the previous year. In general, consumption posted a buoyant expansion. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in years to come.

Freshwater Fish Production in China

In value terms, freshwater fish production declined modestly 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 remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Freshwater Fish Exports

Exports from China

In 2023, approx. X tons of freshwater fish were exported from China; approximately mirroring 2022 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, freshwater fish exports reduced modestly to $X in 2023. Overall, total exports indicated a moderate expansion 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then declined in the following year.

Exports by Country

Hong Kong SAR (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of freshwater fish exports from China, together comprising X% of total exports.

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

In value terms, the largest markets for freshwater fish exported from China were Hong Kong SAR ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Vietnam and Macao SAR lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average freshwater fish export price amounted to $X per ton, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Freshwater Fish Imports

Imports into China

For the third consecutive year, China recorded growth in purchases abroad of freshwater fish, which increased by X% to X tons in 2023. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, freshwater fish imports rose notably to $X in 2023. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

Myanmar (X tons), the Philippines (X tons) and Bangladesh (X tons) were the main suppliers of freshwater fish imports to China, with a combined X% share of total imports. Hong Kong SAR, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of freshwater fish to China, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Hong Kong SAR amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2023, the average freshwater fish import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a buoyant increase. The growth pace was the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform