Hong Kong SAR, China - Frozen Lobster - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Lobster Price in Hong Kong SAR - 2023
Contents:
- Frozen Lobster Price in Hong Kong SAR (CIF) - 2023
- Frozen Lobster Price in Hong Kong SAR (FOB) - 2023
- Frozen Lobster Imports in Hong Kong SAR
- Frozen Lobster Exports in Hong Kong SAR
Frozen Lobster Price in Hong Kong SAR (CIF) - 2023
The average frozen lobster import price stood at $16,085 per ton in June 2023, shrinking by -21.8% against the previous month. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in October 2022 an increase of 106% against the previous month. The import price peaked at $37,429 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Somalia ($36,567 per ton), while the price for Brazil ($4,280 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 China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Lobster Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average frozen lobster export price amounted to $14,603 per ton, waning by -15.4% against the previous month. In general, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in August 2022 an increase of 88% m-o-m. As a result, the export price reached the peak level of $18,930 per ton. From September 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Macao SAR ($18,934 per ton), while the average price for exports to Taiwan (Chinese) stood at $4,951 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.1%).
Frozen Lobster Imports in Hong Kong SAR
In 2022, frozen lobster imports into Hong Kong SAR fell to 671 tons, waning by -6.3% on the year before. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year.
In value terms, frozen lobster imports skyrocketed to $17M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +67.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Frozen Lobster in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.6 | 3.4 | 5.8 | 6.0 | -3.1% |
| United States | 3.7 | 3.3 | 4.9 | 3.2 | -4.7% |
| Australia | 0.4 | 0.8 | 0.9 | 2.4 | 81.7% |
| United Arab Emirates | 0.2 | 0.8 | 0.3 | 2.0 | 115.4% |
| France | 0.3 | 0.2 | 0.5 | 1.0 | 49.4% |
| China | 0.6 | 0.7 | 0.7 | 1.0 | 18.6% |
| India | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Peru | 1.0 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.5 | 0.6 | 0.8 | -7.2% |
| Total | 14.3 | 10.0 | 13.9 | 16.8 | 5.5% |
Top Suppliers of Frozen Lobster to Hong Kong SAR in 2022:
- Canada (324.6 tons)
- United States (84.1 tons)
- Australia (68.5 tons)
- China (65.4 tons)
- United Arab Emirates (49.0 tons)
- France (30.9 tons)
- India (21.9 tons)
Frozen Lobster Exports in Hong Kong SAR
In 2022, approx. 81 tons of frozen lobster were exported from Hong Kong SAR; declining by -6.4% compared with 2021. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 0.5%.
In value terms, frozen lobster exports amounted to $1.3M in 2022. Overall, exports recorded a sharp shrinkage.
| Export of Frozen Lobster in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 2,137 | 633 | 1,095 | 1,308 | -15.1% |
| Taiwan (Chinese) | 14.5 | N/A | N/A | 20.3 | 11.9% |
| Vietnam | N/A | N/A | 127 | N/A | 0% |
| Malaysia | 441 | 636 | N/A | N/A | 44.2% |
| Others | 12.0 | N/A | 7.3 | N/A | -22.0% |
| Total | 2,605 | 1,268 | 1,229 | 1,329 | -20.1% |
Top Export Markets for Frozen Lobster from Hong Kong SAR in 2022:
- Macao SAR (77.8 tons)
- Taiwan (Chinese) (3.3 tons)
This report provides an in-depth analysis of the frozen lobster 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:
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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