Japan - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Japan - 2023
Contents:
- Preserved Sardines Price in Japan (CIF) - 2023
- Preserved Sardines Price in Japan (FOB) - 2023
- Preserved Sardines Imports in Japan
- Preserved Sardines Exports in Japan
Preserved Sardines Price in Japan (CIF) - 2023
The average preserved sardines import price stood at $5,136 per ton in July 2023, increasing by 13% against the previous month. In general, the import price recorded a mild expansion. The import price peaked at $5,284 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($8,702 per ton), while the price for the Philippines ($2,283 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 (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Price in Japan (FOB) - 2023
In July 2023, the average preserved sardines export price amounted to $18,531 per ton, picking up by 98% against the previous month. In general, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in February 2023 when the average export price increased by 260% m-o-m. Over the period under review, the average export prices hit record highs in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($22,565 per ton), while the average price for exports to Northern Mariana Islands ($3,196 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sardines Imports in Japan
For the third year in a row, Japan recorded decline in overseas purchases of sardines (prepared or preserved), which decreased by -0.8% to 5.3K tons in 2022. In general, imports showed a abrupt shrinkage.
In value terms, preserved sardines imports reduced to $26M in 2022. Overall, imports faced a abrupt slump.
| Import of Preserved Sardines in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 32.1 | 20.9 | 13.5 | 14.2 | -23.8% |
| Vietnam | 5.0 | 5.4 | 4.4 | 5.5 | 3.2% |
| China | 5.0 | 3.0 | 2.9 | 3.0 | -15.7% |
| Latvia | 1.8 | 2.0 | 2.9 | 1.2 | -12.6% |
| Philippines | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Others | 2.4 | 2.5 | 2.2 | 1.8 | -9.1% |
| Total | 46.8 | 34.2 | 26.2 | 26.0 | -17.8% |
Top Suppliers of Preserved Sardines to Japan in 2022:
- Thailand (2926.3 tons)
- China (945.4 tons)
- Vietnam (829.7 tons)
- Latvia (233.6 tons)
- Philippines (126.1 tons)
Preserved Sardines Exports in Japan
For the fourth year in a row, Japan recorded growth in shipments abroad of sardines (prepared or preserved), which increased by 107% to 599 tons in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved sardines exports skyrocketed to $3.6M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 78%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Preserved Sardines in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | N/A | N/A | 286 | 859 | 200.3% |
| Hong Kong SAR | 401 | 308 | 647 | 751 | 23.3% |
| Congo | N/A | N/A | N/A | 525 | 0% |
| Taiwan (Chinese) | 40.6 | 34.6 | 339 | 486 | 128.8% |
| Lao People's Democratic Republic | 97.2 | 62.3 | N/A | 239 | 35.0% |
| Mali | N/A | N/A | 286 | 239 | -16.4% |
| United States | 299 | 155 | 365 | 139 | -22.5% |
| Thailand | 35.5 | 5.8 | 34.7 | 127 | 52.9% |
| Burundi | N/A | 116 | N/A | N/A | 0% |
| Guinea-Bissau | 132 | N/A | 171 | N/A | 13.8% |
| Lesotho | N/A | 248 | 57.1 | N/A | -77.0% |
| Cambodia | N/A | 294 | N/A | N/A | 0% |
| Others | 204 | 150 | 261 | 231 | 4.2% |
| Total | 1,209 | 1,374 | 2,447 | 3,595 | 43.8% |
Top Export Markets for Preserved Sardines from Japan in 2022:
- Mozambique (207.4 tons)
- Congo (126.7 tons)
- Hong Kong SAR (82.8 tons)
- Lao People's Democratic Republic (57.6 tons)
- Mali (57.6 tons)
- Taiwan (Chinese) (23.0 tons)
- Thailand (12.0 tons)
- United States (8.3 tons)
This report provides an in-depth analysis of the preserved sardines market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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