Hong Kong SAR, China - Inedible Fish Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInedible Fish Products Price in Hong Kong SAR - 2023
Contents:
- Inedible Fish Products Price in Hong Kong SAR (FOB) - 2023
- Inedible Fish Products Price in Hong Kong SAR (CIF) - 2023
- Inedible Fish Products Exports in Hong Kong SAR
- Inedible Fish Products Imports in Hong Kong SAR
Inedible Fish Products Price in Hong Kong SAR (FOB) - 2023
The average inedible fish products export price stood at $56,117 per ton in May 2023, reducing by -7.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 50% against the previous month. Over the period under review, the average export prices attained the peak figure at $80,043 per ton in July 2022; however, from August 2022 to May 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In May 2023, the country with the highest price was Vietnam ($60,359 per ton), while the average price for exports to India ($51,077 per ton) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-0.0%), while the prices for the other major destinations experienced a decline.
Inedible Fish Products Price in Hong Kong SAR (CIF) - 2023
In May 2023, the average inedible fish products import price amounted to $4,331 per ton, dropping by -58.7% against the previous month. Over the period under review, the import price continues to indicate a mild reduction. The growth pace was the most rapid in January 2023 when the average import price increased by 145% against the previous month. The import price peaked at $10,478 per ton in April 2023, and then dropped rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($11,446 per ton), while the price for South Korea ($1,440 per ton) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Inedible Fish Products Exports in Hong Kong SAR
In 2022, overseas shipments of inedible fish products decreased by -16.5% to 272 tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, the exports attained the peak of 450 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, inedible fish products exports dropped to $17M in 2022. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of $26M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Inedible Fish Products in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 13.2 | 17.3 | 10.0 | 9.6 | -10.1% |
India | 5.1 | 4.6 | 5.0 | 5.3 | 1.3% |
Indonesia | 0.5 | 1.1 | 0.7 | 0.7 | 11.9% |
Taiwan (Chinese) | 0.2 | 0.6 | 0.4 | 0.5 | 35.7% |
Bangladesh | 0.5 | 0.8 | 1.6 | 0.4 | -7.2% |
Japan | 0.9 | 1.0 | 0.8 | 0.4 | -23.7% |
Others | 0.5 | 0.7 | 0.3 | 0.3 | -15.7% |
Total | 20.9 | 26.1 | 18.8 | 17.2 | -6.3% |
Top Export Markets for Inedible Fish Products from Hong Kong SAR in 2022:
- Vietnam (125.9 tons)
- India (84.4 tons)
- Japan (33.8 tons)
- Indonesia (9.2 tons)
- Taiwan (Chinese) (8.5 tons)
- Bangladesh (6.5 tons)
Inedible Fish Products Imports in Hong Kong SAR
In 2022, approx. 964 tons of inedible fish products were imported into Hong Kong SAR; increasing by 11% against 2021 figures. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, inedible fish products imports contracted to $3.9M in 2022. In general, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of $5.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Inedible Fish Products in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.3 | 4.2 | 3.2 | 2.9 | -4.2% |
Japan | 0.6 | 0.7 | 0.7 | 0.8 | 10.1% |
South Korea | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Others | 0.1 | 0.5 | 0.1 | N/A | 0.0% |
Total | 4.1 | 5.5 | 4.1 | 3.9 | -1.7% |
Top Suppliers of Inedible Fish Products to Hong Kong SAR in 2022:
- Japan (514.4 tons)
- China (282.6 tons)
- South Korea (166.8 tons)
This report provides an in-depth analysis of the inedible fish products market in Hong Kong SAR, China. 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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