Hong Kong SAR, China - Frozen Eels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Eels Price in Hong Kong SAR - 2023
Contents:
- Frozen Eels Price in Hong Kong SAR (CIF) - 2023
- Frozen Eels Price in Hong Kong SAR (FOB) - 2022
- Frozen Eels Imports in Hong Kong SAR
- Frozen Eels Exports in Hong Kong SAR
Frozen Eels Price in Hong Kong SAR (CIF) - 2023
In October 2023, the average frozen eels import price amounted to $8,504 per ton, declining by -9.2% against the previous month. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in February 2023 an increase of 112% month-to-month. The import price peaked at $14,675 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($46,729 per ton), while the price for Indonesia ($2,877 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Eels Price in Hong Kong SAR (FOB) - 2022
The average frozen eels export price stood at $20,021 per ton in 2022, growing by 6.4% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2020 an increase of 318% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +6.3% per year.
Frozen Eels Imports in Hong Kong SAR
In 2022, the amount of frozen eels imported into Hong Kong SAR soared to 790 tons, rising by 36% against the previous year. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen eels imports surged to $9.3M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Eels in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 3.3 | 3.6 | 8.0 | 31.7% |
| Indonesia | 0.5 | 0.3 | 0.8 | 0.8 | 17.0% |
| Japan | 0.4 | 0.7 | 0.3 | 0.5 | 7.7% |
| United States | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 5.1 | 4.4 | 4.8 | 9.3 | 22.2% |
Top Suppliers of Frozen Eels to Hong Kong SAR in 2022:
- China (503.8 tons)
- Indonesia (263.1 tons)
- Japan (21.7 tons)
- United States (1.3 tons)
Frozen Eels Exports in Hong Kong SAR
After two years of decline, shipments abroad of frozen eels increased by 5.1% to 34 tons in 2022. In general, exports, however, saw a dramatic decline.
In value terms, frozen eels exports rose rapidly to $686K in 2022. Overall, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year.
| Export of Frozen Eels in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 315 | 292 | 613 | 686 | 29.6% |
| Vietnam | 444 | 38.7 | N/A | N/A | -91.3% |
| Others | 2.1 | 15.2 | N/A | N/A | 623.8% |
| Total | 761 | 346 | 613 | 686 | -3.4% |
Top Export Markets for Frozen Eels from Hong Kong SAR in 2022:
- Macao SAR (34.3 tons)
This report provides an in-depth analysis of the frozen eels 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 2025.
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.
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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
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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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