Hong Kong SAR, China - Frozen Skipjack Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Skipjack Tuna Price in Hong Kong SAR - 2023
Contents:
- Frozen Skipjack Tuna Price in Hong Kong SAR (CIF) - 2022
- Frozen Skipjack Tuna Price in Hong Kong SAR (FOB) - 2022
- Frozen Skipjack Tuna Imports in Hong Kong SAR
- Frozen Skipjack Tuna Exports in Hong Kong SAR
Frozen Skipjack Tuna Price in Hong Kong SAR (CIF) - 2022
In 2022, the average frozen skipjack tuna import price amounted to $104,487 per ton, picking up by 339% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($114,720 per ton), while the price for Singapore totaled $9,300 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Skipjack Tuna Price in Hong Kong SAR (FOB) - 2022
The average frozen skipjack tuna export price stood at $1,262 per ton in 2022, falling by -41.1% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 90%. As a result, the export price reached the peak level of $2,869 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +214.2% per year.
Frozen Skipjack Tuna Imports in Hong Kong SAR
In 2022, purchases abroad of frozen skipjack tuna decreased by -69.8% to 1.4 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 51% against the previous year.
In value terms, frozen skipjack tuna imports soared to $146K in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 127% against the previous year. As a result, imports attained the peak of $168K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Frozen Skipjack Tuna in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 49.7 | 142 | 57.8 | 144 | 42.6% |
| Singapore | N/A | N/A | 0.7 | 1.3 | 85.7% |
| China | 9.7 | 9.8 | 4.9 | N/A | -28.9% |
| Malaysia | N/A | 0.1 | 18.9 | N/A | 18800.0% |
| Indonesia | 14.5 | 15.3 | 8.0 | N/A | -25.7% |
| Others | 0.4 | 0.7 | 19.8 | N/A | 603.6% |
| Total | 74.3 | 168 | 110 | 146 | 25.3% |
Top Suppliers of Frozen Skipjack Tuna to Hong Kong SAR in 2022:
- Japan (1259.0 kg)
- Singapore (135.0 kg)
Frozen Skipjack Tuna Exports in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in overseas shipments of frozen skipjack tuna, which increased by 20% to 244 tons in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 225%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, frozen skipjack tuna exports shrank rapidly to $308K in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 142%. As a result, the exports attained the peak of $436K, and then shrank sharply in the following year.
| Export of Frozen Skipjack Tuna in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 76.2 | 19.2 | 19.4 | 308 | 59.3% |
| Fiji | N/A | 141 | 414 | N/A | 193.6% |
| Others | N/A | 19.3 | 2.9 | N/A | -85.0% |
| Total | 76.2 | 180 | 436 | 308 | 59.3% |
Top Export Markets for Frozen Skipjack Tuna from Hong Kong SAR in 2022:
- Philippines (244.0 tons)
This report provides an in-depth analysis of the frozen skipjack tuna 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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