Hong Kong SAR, China - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Crab and Crab Meat in Hong Kong SAR - 2023
Contents:
- Price for Crab and Crab Meat in Hong Kong SAR (CIF) - 2023
- Price for Crab and Crab Meat in Hong Kong SAR (FOB) - 2023
- Imports of Crab and Crab Meat in Hong Kong SAR
- Exports of Crab and Crab Meat in Hong Kong SAR
Price for Crab and Crab Meat in Hong Kong SAR (CIF) - 2023
The average crab and crab meat import price stood at $15,999 per ton in September 2023, which is down by -6.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 39% month-to-month. As a result, import price attained the peak level of $24,095 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($38,956 per ton), while the price for Malaysia ($6,010 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crab and Crab Meat in Hong Kong SAR (FOB) - 2023
In September 2023, the average crab and crab meat export price amounted to $15,863 per ton, therefore, remained relatively stable against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 71% m-o-m. Over the period under review, the average export prices attained the maximum at $22,426 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($20,614 per ton), while the average price for exports to China stood at $7,638 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+810.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Crab and Crab Meat in Hong Kong SAR
In 2022, the amount of crabs and crab meat imported into Hong Kong SAR fell dramatically to 6.7K tons, shrinking by -20.8% on the year before. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of 8.4K tons, and then dropped significantly in the following year.
In value terms, crab and crab meat imports shrank to $115M in 2022. Overall, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.
| Import of Crab and Crab Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 49.3 | 44.8 | 31.7 | 46.5 | -1.9% |
| Philippines | 18.3 | 9.1 | 11.5 | 13.7 | -9.2% |
| China | 12.2 | 7.5 | 9.6 | 9.9 | -6.7% |
| Japan | 12.3 | 8.6 | 15.4 | 8.8 | -10.6% |
| Myanmar | 4.9 | 2.9 | 4.3 | 6.3 | 8.7% |
| Canada | 9.1 | 4.6 | 3.0 | 6.0 | -13.0% |
| Indonesia | 3.6 | 3.3 | 5.3 | 5.1 | 12.3% |
| Bangladesh | 0.6 | 6.8 | 15.6 | 3.1 | 72.9% |
| Thailand | 3.8 | 2.1 | 3.1 | 2.7 | -10.8% |
| Vietnam | 2.5 | 1.1 | 2.0 | 2.1 | -5.6% |
| Others | 12.9 | 13.8 | 23.7 | 10.7 | -6.0% |
| Total | 129 | 104 | 125 | 115 | -3.8% |
Top Suppliers of Crab and Crab Meat to Hong Kong SAR in 2022:
- South Korea (1552.7 tons)
- Philippines (1066.2 tons)
- Indonesia (721.6 tons)
- Bangladesh (686.2 tons)
- China (674.3 tons)
- Myanmar (459.7 tons)
- Japan (305.3 tons)
- Canada (284.9 tons)
- Thailand (212.2 tons)
- Vietnam (163.9 tons)
Exports of Crab and Crab Meat in Hong Kong SAR
In 2022, approx. 487 tons of crabs and crab meat were exported from Hong Kong SAR; which is down by -82.8% on the previous year. Over the period under review, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 303%. As a result, the exports reached the peak of 2.8K tons, and then contracted remarkably in the following year.
In value terms, crab and crab meat exports reduced markedly to $8.9M in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 393% against the previous year. As a result, the exports reached the peak of $31M, and then contracted markedly in the following year.
| Export of Crab and Crab Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 2.8 | 20.2 | 5.7 | 59.7% |
| Macao SAR | 3.5 | 1.3 | 1.2 | 1.5 | -24.6% |
| Japan | 6.4 | 1.5 | 8.8 | 1.4 | -39.7% |
| Canada | 0.8 | 0.4 | 0.6 | 0.3 | -27.9% |
| Vietnam | 1.3 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 13.6 | 6.3 | 31.0 | 8.9 | -13.2% |
Top Export Markets for Crab and Crab Meat from Hong Kong SAR in 2022:
- China (340.9 tons)
- Macao SAR (72.2 tons)
- Japan (49.1 tons)
- Canada (17.9 tons)
This report provides an in-depth analysis of the market for crab and crab meat 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:
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
333
This report provides an in-depth analysis of the market for crab and crab meat in Hong Kong SAR, China.
330
This report provides an in-depth analysis of the frozen crustaceans market in Hong Kong SAR, China.
381
This report provides an in-depth analysis of the crabs, not frozen market in Hong Kong SAR, China.
216
This report provides an in-depth analysis of the frozen norway lobster market in Hong Kong SAR, China.
258
This report provides an in-depth analysis of the market for frozen crab and crab meat in Hong Kong SAR, China.
223
This report provides an in-depth analysis of the frozen lobster market in Hong Kong SAR, China.
1677
This report provides an in-depth analysis of the global market for crab and crab meat.
1322
This report provides an in-depth analysis of the global frozen crustaceans market.
281
This report provides an in-depth analysis of the global crabs, not frozen market.
339
This report provides an in-depth analysis of the global frozen norway lobster market.
415
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
776
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
300
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2292
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
335
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
1630
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1750
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
415
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
776
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
300
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
