Hong Kong SAR, China - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Hong Kong SAR - 2023
Contents:
- Frozen Fish Price in Hong Kong SAR (CIF) - 2022
- Frozen Fish Price in Hong Kong SAR (FOB) - 2022
- Frozen Fish Imports in Hong Kong SAR
- Frozen Fish Exports in Hong Kong SAR
Frozen Fish Price in Hong Kong SAR (CIF) - 2022
The average frozen fish import price stood at $6,199 per ton in 2022, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 21% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($19,778 per ton), while the price for Vietnam ($2,783 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Price in Hong Kong SAR (FOB) - 2022
The average frozen fish export price stood at $4,265 per ton in 2022, surging by 8% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 27%. The export price peaked at $4,621 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($5,863 per ton), while the average price for exports to China ($797 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fish Imports in Hong Kong SAR
Frozen fish imports into Hong Kong SAR fell to 63K tons in 2022, waning by -6.4% on 2021 figures. In general, imports showed a abrupt descent. The smallest decline of -4.8% was in 2021.
In value terms, frozen fish imports reached $393M in 2022. Over the period under review, imports recorded a relatively flat trend pattern.
Import of Frozen Fish in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 175 | 201 | 199 | 181 | 1.1% |
Japan | 29.6 | 33.6 | 45.0 | 49.7 | 18.9% |
Vietnam | 43.9 | 31.3 | 32.5 | 45.9 | 1.5% |
Norway | 15.5 | 16.9 | 16.5 | 26.1 | 19.0% |
Chile | 8.8 | 7.8 | 5.9 | 12.1 | 11.2% |
Taiwan (Chinese) | 9.6 | 8.0 | 11.4 | 10.4 | 2.7% |
Thailand | 2.8 | 3.7 | 4.1 | 7.0 | 35.7% |
Indonesia | 6.9 | 6.0 | 4.9 | 5.0 | -10.2% |
Denmark | 8.4 | 9.1 | 3.9 | 3.7 | -23.9% |
Others | 98.3 | 60.6 | 49.9 | 52.8 | -18.7% |
Total | 399 | 377 | 373 | 393 | -0.5% |
Top Suppliers of Frozen Fish to Hong Kong SAR in 2022:
- China (31.7K tons)
- Vietnam (16.5K tons)
- Japan (2.5K tons)
- Norway (2.2K tons)
- Taiwan (Chinese) (1.6K tons)
- Chile (1.4K tons)
- Thailand (1.4K tons)
- Indonesia (1.0K tons)
- Denmark (0.5K tons)
Frozen Fish Exports in Hong Kong SAR
Frozen fish exports from Hong Kong SAR fell notably to 18K tons in 2022, declining by -37.9% against the previous year's figure. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year.
In value terms, frozen fish exports fell markedly to $77M in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
Export of Frozen Fish in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 91.2 | 66.6 | 71.8 | 59.8 | -13.1% |
Macao SAR | 12.9 | 9.8 | 10.5 | 10.8 | -5.8% |
Malaysia | 1.1 | 1.3 | 0.9 | 1.6 | 13.3% |
Thailand | 0.3 | 0.3 | 14.5 | 1.4 | 67.1% |
Vietnam | 15.5 | 0.3 | 0.7 | 0.5 | -68.2% |
Canada | 2.2 | 3.2 | 2.7 | 0.2 | -55.0% |
Taiwan (Chinese) | 11.1 | 9.7 | 9.0 | 0.1 | -79.2% |
China | 10.5 | 3.2 | 0.2 | N/A | -86.2% |
Others | 4.2 | 4.2 | 4.6 | 2.7 | -13.7% |
Total | 149 | 98.5 | 115 | 77.1 | -19.7% |
Top Export Markets for Frozen Fish from Hong Kong SAR in 2022:
- China (undefinedK tons)
- South Korea (14.2K tons)
- Macao SAR (1.8K tons)
- Thailand (0.9K tons)
- Malaysia (0.6K tons)
- Canada (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
- Vietnam (0.1K tons)
This report provides an in-depth analysis of the frozen fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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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