Price for Aquatic Invertebrates; Sea Urchins, Prepared or Preserved in Hong Kong SAR - 2023
Contents:
- Price for Aquatic Invertebrates; Sea Urchins, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
- Imports of Aquatic Invertebrates; Sea Urchins, Prepared or Preserved in Hong Kong SAR
Price for Aquatic Invertebrates; Sea Urchins, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for aquatic invertebrates; sea urchins, prepared or preserveds amounted to $65,582 per ton, dropping by -21.5% against the previous month. Over the period under review, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in January 2023 an increase of 113% against the previous month. As a result, import price reached the peak level of $162K per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($143K per ton), while the price for Vietnam ($26,764 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Canada (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Aquatic Invertebrates; Sea Urchins, Prepared or Preserved in Hong Kong SAR
In 2022, approx. 57 tons of aquatic invertebrates; sea urchins, prepared or preserveds were imported into Hong Kong SAR; with an increase of 5.7% compared with the previous year's figure. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of aquatic invertebrates; sea urchins, prepared or preserveds expanded remarkably to $5.7M in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 87%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Aquatic Invertebrates; Sea Urchins, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.4 | 1.8 | 3.8 | 4.3 | 45.4% |
| Canada | 0.6 | 0.7 | 1.1 | 0.9 | 14.5% |
| Vietnam | 0.1 | 0.3 | 0.4 | 0.5 | 71.0% |
| United States | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 2.9 | 5.4 | 5.7 | 37.3% |
Top Suppliers of Aquatic Invertebrates; Sea Urchins, Prepared or Preserved to Hong Kong SAR in 2022:
- Vietnam (20.8 tons)
- Japan (20.2 tons)
- Canada (15.9 tons)
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