Hong Kong SAR, China - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Hong Kong SAR - 2023
Contents:
- Frozen Crustaceans Price in Hong Kong SAR (CIF) - 2023
- Frozen Crustaceans Price in Hong Kong SAR (FOB) - 2023
- Frozen Crustaceans Imports in Hong Kong SAR
- Frozen Crustaceans Exports in Hong Kong SAR
Frozen Crustaceans Price in Hong Kong SAR (CIF) - 2023
The average frozen crustaceans import price stood at $9,143 per ton in September 2023, waning by -1.7% against the previous month. Over the period under review, the import price recorded a mild setback. The pace of growth was the most pronounced in December 2022 an increase of 11% m-o-m. As a result, import price reached the peak level of $10,531 per ton. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($17,252 per ton), while the price for India ($6,338 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 (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average frozen crustaceans export price amounted to $10,178 per ton, declining by -8.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 44% against the previous month. As a result, the export price reached the peak level of $13,994 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Taiwan (Chinese) ($22,176 per ton), while the average price for exports to Malaysia ($5,327 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Crustaceans Imports in Hong Kong SAR
Frozen crustaceans imports into Hong Kong SAR contracted to 30K tons in 2022, which is down by -10% on 2021. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.
In value terms, frozen crustaceans imports contracted to $318M in 2022. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.
| Import of Frozen Crustaceans in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 167 | 124 | 151 | 104 | -14.6% |
| Vietnam | 84.3 | 61.8 | 70.2 | 68.2 | -6.8% |
| India | 13.2 | 10.2 | 16.5 | 22.2 | 18.9% |
| Australia | 10.1 | 19.2 | 23.5 | 20.5 | 26.6% |
| Japan | 17.6 | 14.0 | 19.8 | 15.9 | -3.3% |
| Myanmar | 15.3 | 7.5 | 9.4 | 14.8 | -1.1% |
| Canada | 17.3 | 8.7 | 9.8 | 13.2 | -8.6% |
| Indonesia | 12.5 | 10.0 | 10.8 | 11.9 | -1.6% |
| Thailand | 12.3 | 9.6 | 13.1 | 10.2 | -6.0% |
| Ecuador | 1.7 | 2.0 | 2.8 | 6.6 | 57.2% |
| Malaysia | 10.1 | 3.5 | 5.1 | 4.4 | -24.2% |
| Argentina | 2.8 | 3.1 | 4.8 | 4.0 | 12.6% |
| Others | 27.2 | 21.2 | 16.3 | 21.9 | -7.0% |
| Total | 391 | 294 | 353 | 318 | -6.7% |
Top Suppliers of Frozen Crustaceans to Hong Kong SAR in 2022:
- China (10.9K tons)
- Vietnam (7.6K tons)
- India (3.0K tons)
- Myanmar (1.3K tons)
- Australia (1.1K tons)
- Indonesia (1.1K tons)
- Ecuador (1.1K tons)
- Thailand (1.0K tons)
- Canada (0.7K tons)
- Japan (0.7K tons)
- Malaysia (0.5K tons)
- Argentina (0.5K tons)
Frozen Crustaceans Exports in Hong Kong SAR
In 2022, exports of frozen crustaceans from Hong Kong SAR contracted to 2.2K tons, dropping by -12.9% on the previous year's figure. Overall, exports recorded a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 7.1%.
In value terms, frozen crustaceans exports shrank significantly to $22M in 2022. In general, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 48%.
| Export of Frozen Crustaceans in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 21.8 | 10.4 | 14.2 | 12.8 | -16.3% |
| Ecuador | N/A | 0.3 | N/A | 2.9 | 210.9% |
| United States | 5.5 | 2.8 | 5.0 | 1.9 | -29.8% |
| Guam | 1.3 | 0.6 | 1.3 | 1.4 | 2.5% |
| Japan | 6.4 | 1.5 | 8.8 | 1.4 | -39.7% |
| Taiwan (Chinese) | 3.3 | 1.0 | 1.4 | 0.5 | -46.7% |
| Canada | 1.4 | 0.4 | 0.8 | 0.3 | -40.2% |
| Malaysia | 0.4 | 0.6 | 0.2 | 0.3 | -9.1% |
| Vietnam | 3.2 | 0.7 | 0.1 | 0.3 | -54.6% |
| China | 3.0 | 4.4 | 2.1 | 0.1 | -67.8% |
| Others | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Total | 46.5 | 22.9 | 34.0 | 21.9 | -22.2% |
Top Export Markets for Frozen Crustaceans from Hong Kong SAR in 2022:
- Macao SAR (1132.3 tons)
- Ecuador (666.3 tons)
- Guam (156.4 tons)
- United States (68.0 tons)
- Taiwan (Chinese) (54.9 tons)
- Japan (49.1 tons)
- Malaysia (41.5 tons)
- Vietnam (35.1 tons)
- Canada (17.9 tons)
- China (6.2 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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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