Price for Fish; Edible Offal, Shark Fins in Japan - 2023

Contents:

1. Price for Fish; Edible Offal, Shark Fins in Japan (CIF) - 2023
2. Price for Fish; Edible Offal, Shark Fins in Japan (FOB) - 2022
3. Imports of Fish; Edible Offal, Shark Fins in Japan
4. Exports of Fish; Edible Offal, Shark Fins in Japan

Price for Fish; Edible Offal, Shark Fins in Japan (CIF) - 2023

The average import price for fish; edible offal, shark finses stood at $141K per ton in July 2023, surging by 176% against the previous month. Overall, the import price posted pronounced growth. Over the period under review, average import prices reached the maximum at $197K per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Peru ($231K per ton), while the price for Indonesia ($60,633 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Edible Offal, Shark Fins in Japan (FOB) - 2022

In 2022, the average export price for fish; edible offal, shark finses amounted to $52,354 per ton, with an increase of 18% against the previous year. In general, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. As a result, the export price attained the peak level of $53,996 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($94,687 per ton), while the average price for exports to South Africa ($11,785 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 China (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Edible Offal, Shark Fins in Japan

In 2022, imports of fish; edible offal, shark finses into Japan skyrocketed to 35 tons, with an increase of 23% compared with 2021 figures. In general, imports, however, showed a slight shrinkage.

In value terms, fish; edible offal, shark fins imports soared to $5.4M in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fish; Edible Offal, Shark Fins to Japan in 2022:

1. Vietnam (19.0 tons)
2. Indonesia (6.2 tons)
3. China (5.2 tons)
4. Peru (3.6 tons)
5. Brazil (0.7 tons)

Exports of Fish; Edible Offal, Shark Fins in Japan

Fish; edible offal, shark fins exports from Japan contracted significantly to 34 tons in 2022, waning by -17.5% against the previous year. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year.

In value terms, fish; edible offal, shark fins exports shrank to $1.8M in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 43%.

Top Export Markets for Fish; Edible Offal, Shark Fins from Japan in 2022:

1. Hong Kong SAR (12.5 tons)
2. South Africa (11.5 tons)
3. Singapore (10.1 tons)

Source: IndexBox Market Intelligence Platform