Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR - 2023

Contents:

1. Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
2. Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
3. Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR
4. Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR

Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR (CIF) - 2023

In October 2023, the average import price for aquatic invertebrates; jellyfish, prepared or preserveds amounted to $3,394 per ton, which is down by -15.3% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 28% m-o-m. As a result, import price attained the peak level of $4,479 per ton. From September 2023 to October 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From October 2022 to October 2023, the rate of growth in terms of prices for China amounted to +0.8% per month.

Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for aquatic invertebrates; jellyfish, prepared or preserveds amounted to $2,667 per ton, declining by -10.6% against the previous year. In general, the export price showed a mild downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 170%. As a result, the export price reached the peak level of $12,708 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($3,703 per ton), while the average price for exports to Canada stood at $2,282 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+149.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR

Imports of aquatic invertebrates; jellyfish, prepared or preserveds into Hong Kong SAR fell rapidly to 518 tons in 2022, reducing by -27.4% compared with 2021. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 20%.

In value terms, imports of aquatic invertebrates; jellyfish, prepared or preserveds fell significantly to $2M in 2022. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 5.9%.

Top Suppliers of Aquatic Invertebrates; Jellyfish, Prepared or Preserved to Hong Kong SAR in 2022:

1. China (507.3 tons)
2. Vietnam (8.6 tons)

Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Hong Kong SAR

In 2022, the amount of aquatic invertebrates; jellyfish, prepared or preserveds exported from Hong Kong SAR surged to 76 tons, increasing by 98% compared with the previous year. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of aquatic invertebrates; jellyfish, prepared or preserveds soared to $202K in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year.

Top Export Markets for Aquatic Invertebrates; Jellyfish, Prepared or Preserved from Hong Kong SAR in 2022:

1. Canada (55.4 tons)
2. Macao SAR (20.6 tons)

Source: IndexBox Market Intelligence Platform