Report Update: May 5, 2024

Hong Kong SAR, China - Molluscs (Scallops, Mussels, Cuttle Fish, Squid And Octopus) - Market Analysis, Forecast, Size, Trends And Insights

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Molluscs Price in Hong Kong SAR - 2023

Molluscs Price in Hong Kong SAR (CIF) - 2023

In September 2023, the average molluscs import price amounted to $13,627 per ton, increasing by 15% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 51% m-o-m. As a result, import price attained the peak level of $18,490 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($53,339 per ton), while the price for Chile ($3,008 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 the Philippines (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Molluscs Price in Hong Kong SAR (FOB) - 2023

In September 2023, the average molluscs export price amounted to $16,529 per ton, surging by 14% against the previous month. Over the period under review, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in November 2022 an increase of 82% against the previous month. Over the period under review, the average export prices attained the peak figure at $19,387 per ton in March 2023; however, from April 2023 to September 2023, the 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 Singapore ($43,936 per ton), while the average price for exports to Taiwan (Chinese) ($1,513 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 Macao SAR (+3.1%), while the prices for the other major destinations experienced a decline.

Molluscs Imports in Hong Kong SAR

Molluscs imports into Hong Kong SAR contracted to 19K tons in 2022, declining by -14.5% compared with 2021. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.

In value terms, molluscs imports declined to $242M in 2022. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year.

Import of Molluscs in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	124	101	106	108	-4.5%
China	138	96.1	117	93.0	-12.3%
New Zealand	9.0	7.0	7.8	5.7	-14.1%
Philippines	7.8	6.4	6.8	5.2	-12.6%
Vietnam	4.1	3.3	3.3	4.4	2.4%
Indonesia	2.9	2.6	2.9	3.1	2.2%
Taiwan (Chinese)	9.7	1.2	4.4	2.4	-37.2%
Chile	1.1	0.8	1.1	1.6	13.3%
Others	29.7	20.0	15.6	17.9	-15.5%
Total	326	239	265	242	-9.5%

Top Suppliers of Molluscs to Hong Kong SAR in 2022:

China (11.1K tons)
Japan (2.7K tons)
Philippines (0.9K tons)
New Zealand (0.9K tons)
Vietnam (0.8K tons)
Indonesia (0.5K tons)
Chile (0.5K tons)
Taiwan (Chinese) (0.2K tons)

Molluscs Exports in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus), which decreased by -18.8% to 2K tons in 2022. In general, exports showed a dramatic slump. The smallest decline of -0.5% was in 2021.

In value terms, molluscs exports reduced to $28M in 2022. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 18%.

Export of Molluscs in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Macao SAR	19.0	11.9	13.1	13.4	-11.0%
United States	6.3	6.8	8.5	6.1	-1.1%
Canada	3.4	2.4	3.9	4.6	10.6%
Malaysia	2.2	0.7	1.4	1.4	-14.0%
Singapore	3.2	1.2	0.8	1.0	-32.1%
Australia	0.4	0.4	0.6	0.7	20.5%
Philippines	0.1	0.2	0.1	0.7	91.3%
China	1.0	0.4	0.5	N/A	-29.3%
Vietnam	3.6	0.1	N/A	N/A	-97.2%
Taiwan (Chinese)	2.8	1.8	1.2	N/A	-34.5%
Others	0.3	0.3	0.8	0.3	0.0%
Total	42.3	26.2	30.9	28.3	-12.5%

Top Export Markets for Molluscs from Hong Kong SAR in 2022:

Macao SAR (1307.0 tons)
United States (270.1 tons)
Canada (163.1 tons)
Philippines (98.0 tons)
Malaysia (80.5 tons)
Australia (37.3 tons)
Singapore (31.3 tons)
Taiwan (Chinese) (8.0 tons)
China (1.2 tons)
Vietnam (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the molluscs 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 10203200 - Molluscs (scallops, mussels, cuttle fish, squid and octopus), frozen, dried, smoked, salted or in brine

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023