Price for Fish; Edible Offal, Shark Fins in Hong Kong SAR - 2023
Contents:
- Price for Fish; Edible Offal, Shark Fins in Hong Kong SAR (CIF) - 2023
- Price for Fish; Edible Offal, Shark Fins in Hong Kong SAR (FOB) - 2023
- Imports of Fish; Edible Offal, Shark Fins in Hong Kong SAR
- Exports of Fish; Edible Offal, Shark Fins in Hong Kong SAR
Price for Fish; Edible Offal, Shark Fins in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for fish; edible offal, shark finses amounted to $60,455 per ton, with a decrease of -12.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 54% month-to-month. Over the period under review, average import prices hit record highs at $72,668 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($92,930 per ton), while the price for Taiwan (Chinese) ($18,418 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish; Edible Offal, Shark Fins in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for fish; edible offal, shark finses amounted to $75,905 per ton, picking up by 50% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 53% month-to-month. As a result, the export price attained the peak level of $105K per ton. From April 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Singapore ($369K per ton), while the average price for exports to China ($14,042 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish; Edible Offal, Shark Fins in Hong Kong SAR
In 2022, fish; edible offal, shark fins imports into Hong Kong SAR fell to 1.6K tons, dropping by -5.9% against the previous year. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year.
In value terms, fish; edible offal, shark fins imports dropped notably to $78M in 2022. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year.
| Import of Fish; Edible Offal, Shark Fins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 20.4 | 15.9 | 26.6 | 22.4 | 3.2% |
| Mexico | 8.5 | 6.0 | 10.7 | 7.9 | -2.4% |
| Singapore | 3.2 | 1.2 | 6.1 | 7.7 | 34.0% |
| Peru | 10.4 | 9.1 | 10.6 | 6.9 | -12.8% |
| Yemen | 2.9 | 2.2 | 2.0 | 5.6 | 24.5% |
| Costa Rica | 2.4 | 2.0 | 2.5 | 3.2 | 10.1% |
| Senegal | 6.7 | 3.7 | 2.9 | 3.2 | -21.8% |
| Taiwan (Chinese) | 1.6 | 1.0 | 5.1 | 2.7 | 19.1% |
| Sri Lanka | 3.9 | 2.7 | 3.1 | 2.7 | -11.5% |
| Brazil | 2.3 | 1.9 | 1.9 | 2.1 | -3.0% |
| Oman | 0.1 | 0.2 | N/A | 1.5 | 146.6% |
| China | 5.5 | 7.0 | 2.7 | 1.5 | -35.2% |
| United Arab Emirates | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Others | 27.6 | 16.1 | 17.6 | 10.0 | -28.7% |
| Total | 95.6 | 68.9 | 92.0 | 78.0 | -6.6% |
Top Suppliers of Fish; Edible Offal, Shark Fins to Hong Kong SAR in 2022:
- Indonesia (360.6 tons)
- Yemen (207.5 tons)
- Singapore (186.1 tons)
- Peru (161.5 tons)
- Senegal (94.2 tons)
- Mexico (92.7 tons)
- Oman (62.4 tons)
- Sri Lanka (56.4 tons)
- Costa Rica (51.8 tons)
- Taiwan (Chinese) (41.9 tons)
- China (29.3 tons)
- United Arab Emirates (24.7 tons)
- Brazil (24.3 tons)
Exports of Fish; Edible Offal, Shark Fins in Hong Kong SAR
In 2022, shipments abroad of fish; edible offal, shark finses increased by 1,021% to 436 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a deep downturn.
In value terms, fish; edible offal, shark fins exports skyrocketed to $17M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Fish; Edible Offal, Shark Fins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 0.1 | 0.1 | 8.2 | 38.3% |
| Macao SAR | 5.0 | 1.1 | 1.4 | 4.7 | -2.0% |
| Singapore | 0.5 | 0.7 | 0.9 | 3.0 | 81.7% |
| Japan | 1.1 | 1.2 | 0.6 | 1.0 | -3.1% |
| Thailand | 0.4 | 0.1 | 0.3 | 0.2 | -20.6% |
| Vietnam | 5.7 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 1.4 | 0.2 | 0.3 | 0.3 | -40.2% |
| Total | 17.4 | 3.6 | 3.5 | 17.4 | 0.0% |
Top Export Markets for Fish; Edible Offal, Shark Fins from Hong Kong SAR in 2022:
- China (345.6 tons)
- Macao SAR (42.6 tons)
- Singapore (35.5 tons)
- Japan (6.7 tons)
- Thailand (2.9 tons)
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