Price for Fish Meal; Fit for Human Consumption in China - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in China (FOB) - 2022
- Price for Fish Meal; Fit for Human Consumption in China (CIF) - 2022
- Exports of Fish Meal; Fit for Human Consumption in China
- Imports of Fish Meal; Fit for Human Consumption in China
Price for Fish Meal; Fit for Human Consumption in China (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $3,857 per ton in December 2021, rising by 10% against the previous month. Overall, export price indicated a prominent expansion from January 2021 to December 2021: its price increased at an average monthly rate of +11.1% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, export price for fish meal; fit for human consumptia increased by +10.1% against November 2021 indices. The growth pace was the most rapid in February 2021 when the average export price increased by 200% month-to-month. The export price peaked in December 2021.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From January 2021 to December 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to +11.1% per month.
Price for Fish Meal; Fit for Human Consumption in China (CIF) - 2022
The average import price for fish meal; fit for human consumptia stood at $21,431 per ton in 2022, dropping by -12% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 327%. Over the period under review, average import prices reached the maximum at $328,022 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($54,812 per ton), while the price for Norway totaled $19,556 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the prices for the other major suppliers experienced a decline.
Exports of Fish Meal; Fit for Human Consumption in China
After two years of decline, overseas shipments of fish meal; fit for human consumptia increased by 6.8% to 2.6K tons in 2022. Overall, exports, however, faced a sharp slump.
In value terms, exports of fish meal; fit for human consumptia soared to $9.8M in 2022. Over the period under review, exports, however, continue to indicate a sharp descent.
| Export of Fish Meal; Fit for Human Consumption in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic People's Republic of Korea | 12.0 | N/A | 4.5 | 5.1 | -24.8% |
| Hong Kong SAR | 8.5 | 8.5 | 3.0 | 3.4 | -26.3% |
| Taiwan (Chinese) | 4.6 | 2.7 | 1.0 | 1.3 | -34.4% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 25.3 | 11.2 | 8.5 | 9.8 | -27.1% |
Top Export Markets for Fish Meal; Fit for Human Consumption from China in 2022:
- Democratic People's Republic of Korea (1991.4 tons)
- Hong Kong SAR (564.3 tons)
- Taiwan (Chinese) (26.4 tons)
Imports of Fish Meal; Fit for Human Consumption in China
In 2022, imports of fish meal; fit for human consumptia into China rose modestly to 17 tons, increasing by 2% compared with the previous year. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of 18 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fish meal; fit for human consumptia fell to $371K in 2022. Over the period under review, imports, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $413K, and then shrank in the following year.
| Import of Fish Meal; Fit for Human Consumption in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 189 | 305 | 333 | 318 | 18.9% |
| Japan | 99.6 | 17.2 | 34.3 | 47.5 | -21.9% |
| France | 82.0 | N/A | 45.8 | N/A | -25.3% |
| Others | 11.7 | 7.2 | 0.3 | 5.3 | -23.2% |
| Total | 383 | 329 | 413 | 371 | -1.1% |
Top Suppliers of Fish Meal; Fit for Human Consumption to China in 2022:
- Norway (16.3 tons)
- Japan (0.9 tons)
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