In 2023, China dominated the global frozen toothfish import market, holding a substantial share of 58.64%. The United States followed with a 36.69% share. Other countries like South Korea, New Zealand, and Australia collectively accounted for a small percentage, with New Zealand witnessing a notable surge of 122.35% growth from the previous year. While China showed an 18.35% increase, the import value for Denmark and the Netherlands declined by 10.09% and 21.7%, respectively. Meanwhile, Spain advanced significantly with a 43.46% rise, despite its smaller market share.
Future trends to watch include China's continuous expansion and the potential emergence of new markets like Bangladesh, which had a 98.22% growth in 2023. The rising demand in developing markets and economic factors could reshape market dynamics. Sustainability practices and regulatory changes will also play a crucial role in influencing the import landscape.
Top countries in Frozen Toothfish Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 58.64 | 2023 | +34.24% | +18.35% | View data |
| 2 | 2 United States | 36.69 | 2023 | +11.42% | +5.69% | View data |
| 3 | 3 South Korea | 1.88 | 2023 | +11.59% | +9.91% | View data |
| 4 | 4 New Zealand | 1.77 | 2023 | +4.7% | +122.35% | View data |
| 5 | 5 Australia | 1.37 | 2023 | +3.79% | +1.7% | View data |
| 6 | 6 Spain | 0.59 | 2023 | +9.39% | +43.46% | View data |
| 7 | 7 Japan | 0.25 | 2021 | -8.58% | -24.53% | View data |
| 8 | 8 Poland | 0.063 | 2023 | +4.08% | +7.67% | View data |
| 9 | 9 Denmark | 0.05 | 2023 | +37.31% | -10.09% | View data |
| 10 | 10 Bulgaria | 0.046 | 2023 | +5.51% | +0.43% | View data |
