Eastern Asia: Molluscs Market 2024

Molluscs Market Size in Eastern Asia

The East Asian molluscs market was finally on the rise to reach $X in 2023, after two years of decline. The market 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 level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Molluscs Production in Eastern Asia

In value terms, molluscs production contracted modestly to $X in 2023 estimated in export price. The total output 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 growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Molluscs Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons in 2023. In general, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, molluscs exports fell sharply to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons), together generating a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Japan increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest molluscs supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, molluscs exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a noticeable increase 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, molluscs export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Molluscs Imports

Imports in Eastern Asia

Molluscs imports amounted to X tons in 2023, rising by X% against the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, molluscs imports stood at $X in 2023. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

Imports by Country

China represented the largest importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Taiwan (Chinese) (X%). The following importers - Democratic People's Republic of Korea (X tons) and Hong Kong SAR (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to molluscs imports into China stood at X%. At the same time, Democratic People's Republic of Korea (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and Democratic People's Republic of Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, Taiwan (Chinese) and South Korea saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Hong Kong SAR, Taiwan (Chinese) and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further X%.

Democratic People's Republic of Korea, with a CAGR of X%, saw the highest growth rate of 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, dropping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform