Hong Kong SAR, China - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Hong Kong SAR - 2023
Contents:
- Frozen Fish Fillet Price in Hong Kong SAR (CIF) - 2023
- Frozen Fish Fillet Price in Hong Kong SAR (FOB) - 2023
- Frozen Fish Fillet Imports in Hong Kong SAR
- Frozen Fish Fillet Exports in Hong Kong SAR
Frozen Fish Fillet Price in Hong Kong SAR (CIF) - 2023
The average frozen fish fillet import price stood at $6,543 per ton in June 2023, shrinking by -3.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in July 2022 an increase of 24% m-o-m. The import price peaked at $6,919 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($23,431 per ton), while the price for Vietnam ($2,182 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average frozen fish fillet export price amounted to $3,372 per ton, declining by -16.9% against the previous month. Overall, the export price recorded a mild curtailment. The pace of growth was the most pronounced in December 2022 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices reached the maximum at $4,058 per ton in May 2023, and then declined significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,489 per ton), while the average price for exports to Malaysia ($1,705 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fish Fillet Imports in Hong Kong SAR
Frozen fish fillet imports into Hong Kong SAR rose sharply to 27K tons in 2022, with an increase of 6.4% compared with 2021 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet imports soared to $159M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +49.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Fillet in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.6 | 37.0 | 43.0 | 50.1 | 16.6% |
| Vietnam | 39.5 | 27.6 | 29.2 | 40.3 | 0.7% |
| Japan | 11.0 | 13.1 | 19.8 | 24.9 | 31.3% |
| Norway | 5.4 | 9.3 | 8.8 | 16.2 | 44.2% |
| New Zealand | 9.0 | 5.9 | 7.2 | 4.5 | -20.6% |
| Thailand | 1.3 | 1.5 | 1.4 | 4.1 | 46.6% |
| Taiwan (Chinese) | 4.4 | 3.9 | 3.5 | 3.9 | -3.9% |
| Malaysia | 0.5 | 0.9 | 0.6 | 2.2 | 63.9% |
| Others | 5.7 | 7.1 | 8.9 | 12.5 | 29.9% |
| Total | 108 | 106 | 122 | 159 | 13.8% |
Top Suppliers of Frozen Fish Fillet to Hong Kong SAR in 2022:
- Vietnam (15.2K tons)
- China (6.0K tons)
- Japan (1.1K tons)
- Norway (1.1K tons)
- Thailand (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
- New Zealand (0.5K tons)
- Malaysia (0.4K tons)
Frozen Fish Fillet Exports in Hong Kong SAR
In 2022, the amount of frozen fish fillet exported from Hong Kong SAR contracted to 1.8K tons, approximately reflecting the year before. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 17%.
In value terms, frozen fish fillet exports rose slightly to $6.3M in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 13%.
| Export of Frozen Fish Fillet in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 4.7 | 3.9 | 4.4 | 4.9 | 1.4% |
| Malaysia | 0.7 | 0.3 | 0.5 | 1.1 | 16.3% |
| China | 0.6 | N/A | N/A | N/A | 0% |
| Vietnam | 0.3 | N/A | N/A | N/A | 0% |
| United States | 0.2 | 0.7 | 0.4 | N/A | 41.4% |
| Canada | 0.3 | 0.3 | 0.7 | N/A | 52.8% |
| Others | 0.3 | 0.1 | N/A | 0.2 | -12.6% |
| Total | 7.1 | 5.3 | 6.0 | 6.3 | -3.9% |
Top Export Markets for Frozen Fish Fillet from Hong Kong SAR in 2022:
- Macao SAR (1295.7 tons)
- Malaysia (461.0 tons)
- Canada (6.2 tons)
- United States (5.7 tons)
This report provides an in-depth analysis of the frozen fish fillet 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 10201400 - Frozen fish fillets
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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