Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR - 2023
Contents:
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR (CIF) - 2022
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
- Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR
- Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $160,594 per ton, with an increase of 9.3% against the previous year. Overall, the import price posted a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 126% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($211,869 per ton), while the price for Greece ($46,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
The average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $13,874 per ton in 2022, with a decrease of -83.3% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 61%. The export price peaked at $104,443 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($43,616 per ton), while the average price for exports to Canada amounted to $11,237 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR
In 2022, overseas purchases of aquatic invertebrates; sea cucumbers, prepared or preserveds decreased by -97% to 3.4 tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. As a result, imports reached the peak of 233 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds declined significantly to $539K in 2022. Over the period under review, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 4.3%. As a result, imports attained the peak of $30M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.4 | 0.6 | 0.3 | 0.4 | 0.0% |
| Taiwan (Chinese) | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Fiji | 0.6 | 1.0 | 0.8 | N/A | 15.5% |
| South Korea | 1.9 | 2.2 | 1.2 | N/A | -20.5% |
| Peru | 0.1 | 0.8 | 0.1 | N/A | 0.0% |
| China | 20.1 | 19.4 | 10.5 | N/A | -27.7% |
| Vietnam | 0.8 | 1.1 | 0.8 | N/A | 0.0% |
| United States | 0.3 | 0.8 | 0.1 | N/A | -42.3% |
| Indonesia | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Nicaragua | 1.8 | 1.9 | 0.9 | N/A | -29.3% |
| Greece | N/A | N/A | N/A | N/A | 0% |
| Madagascar | N/A | N/A | 0.1 | N/A | 0% |
| Canada | 0.3 | 0.3 | 0.1 | N/A | -42.3% |
| Others | 1.6 | 1.4 | 1.5 | N/A | -3.2% |
| Total | 28.4 | 29.6 | 16.5 | 0.5 | -74.0% |
Top Suppliers of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved to Hong Kong SAR in 2022:
- Japan (1924.0 kg)
- Taiwan (Chinese) (1240.0 kg)
- Greece (188.0 kg)
- China (4.0 kg)
Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR
In 2022, overseas shipments of aquatic invertebrates; sea cucumbers, prepared or preserveds decreased by -46.9% to 1.1 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 185%. As a result, the exports attained the peak of 3 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds fell sharply to $15K in 2022. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 255% against the previous year. As a result, the exports attained the peak of $315K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.9 | 4.7 | 2.7 | 10.9 | 129.6% |
| Macao SAR | 12.4 | 3.7 | 1.5 | 3.8 | -32.6% |
| South Korea | 11.0 | 9.2 | 7.0 | N/A | -20.2% |
| New Zealand | 11.0 | 10.2 | 23.9 | N/A | 47.4% |
| China | 8.8 | 139 | 66.7 | N/A | 175.3% |
| United States | 1.6 | 8.7 | 4.8 | N/A | 73.2% |
| Australia | 39.3 | 108 | 30.9 | N/A | -11.3% |
| Others | 3.7 | 31.9 | 27.5 | N/A | 172.6% |
| Total | 88.8 | 315 | 165 | 14.7 | -45.1% |
Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from Hong Kong SAR in 2022:
- Canada (970.0 kg)
- Macao SAR (86.0 kg)
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