Report Update: May 1, 2024

Hong Kong SAR, China - Dried Cod, Whether Or Not Salted - Market Analysis, Forecast, Size, Trends And Insights

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Price for Dried Cod, Whether or Not Salted in Hong Kong SAR - 2023

Price for Dried Cod, Whether or Not Salted in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for dried cod, whether or not salted amounted to $4,711 per ton, reducing by -70% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. The import price peaked at $15,697 per ton in 2021, and then reduced notably in the following year.

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 the United States amounted to +18.7% per year.

Price for Dried Cod, Whether or Not Salted in Hong Kong SAR (FOB) - 2022

The average export price for dried cod, whether or not salted stood at $20,400 per ton in 2022, almost unchanged from the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for dried cod, whether or not salted increased by +91.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 76%. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +9.3% per year.

Imports of Dried Cod, Whether or Not Salted in Hong Kong SAR

In 2022, approx. 18 tons of dried cod, whether or not salted were imported into Hong Kong SAR; picking up by 273% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of dried cod, whether or not salted expanded markedly to $84K in 2022. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. As a result, imports attained the peak of $152K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Dried Cod, Whether or Not Salted in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	0.8	1.2	0.2	84.2	372.1%
Bangladesh	18.3	25.3	12.5	N/A	-17.4%
Colombia	3.4	N/A	N/A	N/A	0%
United States	2.1	2.9	1.4	N/A	-18.4%
Uganda	88.6	122	60.6	N/A	-17.3%
Others	0.6	0.6	0.3	N/A	-29.3%
Total	114	152	75.1	84.2	-9.6%

Top Suppliers of Dried Cod, Whether or Not Salted to Hong Kong SAR in 2022:

Japan (17.9 tons)

Exports of Dried Cod, Whether or Not Salted in Hong Kong SAR

In 2022, the amount of dried cod, whether or not salted exported from Hong Kong SAR reduced notably to 75 kg, with a decrease of -95.8% against the previous year's figure. Overall, exports showed a significant decline. The growth pace was the most rapid in 2021 with an increase of 885%.

In value terms, exports of dried cod, whether or not salted fell remarkably to $1.5K in 2022. Over the period under review, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 900%.

Export of Dried Cod, Whether or Not Salted in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	0.3	N/A	0.1	1.5	71.0%
Nigeria	40.2	3.5	34.7	N/A	-7.1%
United States	1.1	0.1	0.6	N/A	-26.1%
Others	0.9	N/A	1.0	N/A	5.4%
Total	42.6	3.6	36.4	1.5	-67.2%

Top Export Markets for Dried Cod, Whether or Not Salted from Hong Kong SAR in 2022:

Canada (75.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried cod, whether or not salted in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023