Eastern Asia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Eastern Asia

The East Asian dried or smoked fish market reached $X in 2023, approximately reflecting the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2023 and is likely to see steady growth in the near future.

Production of Dried Or Smoked Fish in Eastern Asia

In value terms, dried or smoked fish production rose modestly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports in Eastern Asia

In 2023, the amount of dried or smoked fish exported in Eastern Asia declined to X tons, falling by X% compared with the previous year. In general, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, dried or smoked fish exports soared to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X tons), comprising an X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. South Korea experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or smoked fish supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated resilient growth from 2012 to 2023: its price 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, dried or smoked fish export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Dried Or Smoked Fish

Imports in Eastern Asia

In 2023, the amount of dried or smoked fish imported in Eastern Asia fell to X tons, shrinking by X% on 2022. Over the period under review, imports, however, posted a notable expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, dried or smoked fish imports surged to $X in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X tons) was the main importer of dried or smoked fish, creating X% of total imports. South Korea (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Hong Kong SAR (X%). The following importers - Taiwan (Chinese) (X tons), Macao SAR (X tons) and Democratic People's Republic of Korea (X tons) - each recorded a X% share of total imports.

China was also the fastest-growing in terms of the dried or smoked fish imports, with a CAGR of X% from 2012 to 2023. At the same time, Macao SAR (X%) and Democratic People's Republic of Korea (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%), Hong Kong SAR (X%), Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Macao SAR increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Macao SAR ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Macao SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2021 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 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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 Macao SAR ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform