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 was estimated at $X in 2023, leveling off at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked 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 slightly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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, waning by X% on the year before. In general, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a 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% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

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

From 2012 to 2023, average annual rates of growth with regard to dried or smoked fish exports from China stood at X%. South Korea experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively. 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.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a strong increase from 2012 to 2023: its price 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, dried or smoked fish export price increased by X% against 2018 indices. As a result, the export price reached 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, dried or smoked fish imports in Eastern Asia contracted to X tons, falling by X% against the year before. In general, imports, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. 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 rose rapidly to $X in 2023. Total imports indicated tangible growth 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 most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

China was the largest importing country with an import of around X tons, which accounted for X% of total imports. South Korea (X tons) ranks second in terms of the total imports with an X% share, 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 finished at 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. While the share of China (X p.p.) and Macao SAR (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), Hong Kong SAR (X p.p.), Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics. 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) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Macao SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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