Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China (FOB) - 2023
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China (CIF) - 2022
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China (FOB) - 2023
The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,832 per ton in December 2023, dropping by -4.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 18% m-o-m. As a result, the export price reached the peak level of $4,772 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was France ($5,331 per ton), while the average price for exports to Chile ($2,786 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $2,673 per ton, with an increase of 6.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. As a result, import price reached the peak level of $4,689 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($2,802 per ton), while the price for New Zealand stood at $2,657 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China
In 2022, the amount of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s exported from China reduced dramatically to 7.6K tons, which is down by -34% compared with the year before. In general, exports recorded a sharp shrinkage. The smallest decline of -13% was in 2020.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s declined to $32M in 2022. Overall, exports saw a abrupt downturn.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.1 | 13.9 | 14.5 | 17.0 | 6.4% |
| United States | 7.1 | 5.5 | 2.2 | 2.9 | -25.8% |
| France | 1.6 | 1.0 | 0.9 | 1.8 | 4.0% |
| Brazil | 7.5 | 4.9 | 3.5 | 1.7 | -39.0% |
| Chile | 2.5 | 2.0 | 2.0 | 1.7 | -12.1% |
| Poland | 2.2 | 1.2 | 1.5 | 1.3 | -16.1% |
| South Korea | 0.8 | 0.7 | 0.8 | 1.1 | 11.2% |
| Spain | 2.1 | 3.7 | 4.4 | 1.0 | -21.9% |
| Italy | 1.1 | 1.2 | 0.4 | 0.3 | -35.2% |
| Lithuania | 1.6 | 1.0 | 0.4 | 0.2 | -50.0% |
| Russia | 1.3 | 1.8 | 1.8 | 0.1 | -57.5% |
| Portugal | 1.8 | 1.2 | 0.3 | N/A | -59.2% |
| Israel | 0.9 | 0.6 | 0.3 | N/A | -42.3% |
| Others | 6.2 | 4.9 | 3.8 | 2.9 | -22.4% |
| Total | 50.7 | 43.6 | 36.7 | 32.1 | -14.1% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from China in 2022:
- Japan (2977.5 tons)
- United States (825.4 tons)
- Brazil (655.5 tons)
- Chile (598.1 tons)
- Poland (466.7 tons)
- Spain (346.8 tons)
- South Korea (342.7 tons)
- France (324.2 tons)
- Italy (134.6 tons)
- Lithuania (60.8 tons)
- Russia (59.6 tons)
- Portugal (16.8 tons)
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China
After three years of growth, purchases abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -13.9% to 260 tons in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s dropped to $695K in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1.7 | 312 | 755 | 675 | 635.0% |
| Brazil | N/A | 0.2 | 0.4 | 11.6 | 661.6% |
| Namibia | N/A | 321 | N/A | N/A | 0% |
| Canada | 433 | N/A | N/A | N/A | 0% |
| Others | 77.3 | N/A | 0.2 | 7.8 | -53.4% |
| Total | 512 | 634 | 756 | 695 | 10.7% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to China in 2022:
- New Zealand (254.2 tons)
- Brazil (4.1 tons)
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