Report Update: May 1, 2024

Hong Kong SAR, China - Fresh Or Chilled Salmonoids Fillets - Market Analysis, Forecast, Size, Trends And Insights

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Price for Fresh or Chilled Salmonoids Fillets in Hong Kong SAR - 2022

Price for Fresh or Chilled Salmonoids Fillets in Hong Kong SAR (CIF) - 2022

The average import price for fresh or chilled salmonoids fillets stood at $9,482 per ton in 2022, growing by 18% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids fillets import price increased by +19.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the peak figure at $9,696 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +4.6% per year.

Price for Fresh or Chilled Salmonoids Fillets in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for fresh or chilled salmonoids fillets amounted to $309 per ton, shrinking by -11.5% against the previous year. In general, the export price saw a dramatic decrease. The most prominent rate of growth was recorded in 2017 an increase of 1,528%. As a result, the export price attained the peak level of $10,611 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2014 to 2022, the rate of growth in terms of prices for Palau amounted to +329.3% per year.

Imports of Fresh or Chilled Salmonoids Fillets in Hong Kong SAR

In 2022, the amount of fresh or chilled salmonoids fillets imported into Hong Kong SAR contracted remarkably to 21 tons, with a decrease of -75.2% on 2021 figures. Overall, imports continue to indicate a significant contraction. The smallest decline of -1.3% was in 2020.

In value terms, fresh or chilled salmonoids fillets imports fell markedly to $195K in 2022. In general, imports recorded a dramatic decline. The smallest decline of -16% was in 2020.

Import of Fresh or Chilled Salmonoids Fillets in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	1,080	908	666	195	-43.5%
Others	N/A	N/A	N/A	N/A	0%
Total	1,080	908	666	195	-43.5%

Top Suppliers of Fresh or Chilled Salmonoids Fillets to Hong Kong SAR in 2022:

Norway (20.5 tons)

Exports of Fresh or Chilled Salmonoids Fillets in Hong Kong SAR

Fresh or chilled salmonoids fillets exports from Hong Kong SAR shrank markedly to 7.3 tons in 2022, which is down by -46.1% against the previous year. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, the exports reached the peak of 13 tons, and then reduced dramatically in the following year.

In value terms, fresh or chilled salmonoids fillets exports shrank dramatically to $2.2K in 2022. In general, exports faced a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 7%.

Export of Fresh or Chilled Salmonoids Fillets in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brunei Darussalam	5.8	4.4	4.7	2.2	-27.6%
Others	N/A	N/A	N/A	N/A	0%
Total	5.8	4.4	4.7	2.2	-27.6%

Top Export Markets for Fresh or Chilled Salmonoids Fillets from Hong Kong SAR in 2022:

Brunei Darussalam (7.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for fresh or chilled salmonoids fillets 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 2030.

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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