Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR (FOB) - 2023
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $13,817 per ton in November 2023, growing by 12% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was South Africa ($43,226 per ton), while the price for the UK ($8,245 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 China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $13,464 per ton, reducing by -19.6% against the previous month. Overall, export price indicated resilient growth from November 2022 to November 2023: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -19.6% against October 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 104% month-to-month. As a result, the export price reached the peak level of $17,527 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($28,524 per ton), while the average price for exports to the Philippines ($1,265 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR
In 2022, approx. 22K tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were imported into Hong Kong SAR; growing by 7.2% against 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds contracted modestly to $239M in 2022. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.2 | 76.4 | 98.3 | 114 | 5.1% |
| Japan | 46.9 | 53.1 | 39.9 | 24.2 | -19.8% |
| Taiwan (Chinese) | 15.9 | 13.9 | 19.1 | 19.7 | 7.4% |
| Vietnam | 8.4 | 5.3 | 11.7 | 14.0 | 18.6% |
| Canada | 15.2 | 6.3 | 11.9 | 13.7 | -3.4% |
| Thailand | 14.8 | 10.1 | 10.2 | 11.3 | -8.6% |
| Others | 68.1 | 39.4 | 48.6 | 42.2 | -14.7% |
| Total | 268 | 204 | 240 | 239 | -3.7% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Hong Kong SAR in 2022:
- China (13.3K tons)
- Vietnam (1.6K tons)
- Taiwan (Chinese) (1.4K tons)
- Japan (1.4K tons)
- Thailand (1.2K tons)
- Canada (0.7K tons)
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR
In 2022, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from Hong Kong SAR expanded sharply to 2.1K tons, with an increase of 11% against 2021. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $28M in 2022. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 18.1 | 7.6 | 10.1 | 9.9 | -18.2% |
| Taiwan (Chinese) | 1.1 | 1.3 | 3.6 | 6.0 | 76.0% |
| Singapore | 5.9 | 2.3 | 3.9 | 3.0 | -20.2% |
| Malaysia | 3.0 | 1.2 | 1.1 | 1.6 | -18.9% |
| Philippines | N/A | N/A | N/A | 1.3 | 0% |
| Canada | 0.5 | 0.6 | 1.1 | 1.2 | 33.9% |
| United States | 0.8 | 0.9 | 2.4 | 1.0 | 7.7% |
| Vietnam | 13.3 | 0.3 | N/A | 0.4 | -68.9% |
| China | 3.1 | 0.9 | 0.8 | 0.2 | -59.9% |
| Others | 1.2 | 5.1 | 2.5 | 3.2 | 38.7% |
| Total | 47.0 | 20.3 | 25.6 | 27.8 | -16.1% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Hong Kong SAR in 2022:
- Macao SAR (924.1 tons)
- Philippines (303.1 tons)
- Taiwan (Chinese) (224.8 tons)
- Singapore (145.9 tons)
- Malaysia (97.4 tons)
- Canada (84.9 tons)
- United States (84.3 tons)
- Vietnam (35.7 tons)
- China (33.5 tons)
271
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Hong Kong SAR, China.
514
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.
514
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Nothing found. Please try again.
