Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Hong Kong SAR - 2023
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $25,641 per ton, growing by 130% against the previous year. Overall, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +11.9% per year.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR (FOB) - 2022
The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $5,010 per ton in 2022, waning by -10% against the previous year. In general, the export price, however, posted a temperate expansion. The growth pace was the most rapid in 2021 when the average export price increased by 32% against the previous year. As a result, the export price reached the peak level of $5,565 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,821 per ton), while the average price for exports to Malaysia ($984 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%), while the prices for the other major destinations experienced a decline.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR
After three years of growth, supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -65.1% to 281 kg in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 63%. As a result, imports reached the peak of 806 kg, and then fell remarkably in the following year.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s shrank remarkably to $7.2K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $9K, and then contracted remarkably in the following year.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 7.2 | 0% |
| China | 3.4 | 4.3 | 7.2 | N/A | 45.5% |
| Vietnam | 0.5 | 0.6 | 0.7 | N/A | 18.3% |
| Malaysia | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.5 | N/A | 0.0% |
| Others | 0.6 | 0.5 | 0.5 | N/A | -8.7% |
| Total | 5.0 | 5.9 | 9.0 | 7.2 | 12.9% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Hong Kong SAR in 2022:
- Japan (281.0 kg)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR
In 2022, overseas shipments of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -14.6% to 5.7 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, the exports reached the peak of 6.7 tons, and then fell in the following year.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s fell rapidly to $29K in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 86%. As a result, the exports attained the peak of $37K, and then fell rapidly in the following year.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 18.4 | 11.0 | 25.2 | 23.7% |
| South Africa | N/A | N/A | N/A | 1.7 | 0% |
| Malaysia | 1.2 | 1.5 | 0.8 | 1.6 | 10.1% |
| Australia | N/A | N/A | 25.0 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.4 | 0.1 | 0.0% |
| Total | 14.6 | 19.9 | 37.1 | 28.5 | 25.0% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Hong Kong SAR in 2022:
- United States (2.6 tons)
- Malaysia (1.6 tons)
- South Africa (1.5 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
271
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Hong Kong SAR, China.
515
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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