Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR - 2023
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR (FOB) - 2023
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
In September 2023, the average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $6,247 per ton, declining by -8.8% against the previous month. Over the period from November 2022 to September 2023, it increased at an average monthly rate of +3.7%. The pace of growth was the most pronounced in July 2023 an increase of 38% against the previous month. As a result, import price reached the peak level of $6,911 per ton. From August 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($19,859 per ton), while the price for China ($3,425 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR (FOB) - 2023
The average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $6,895 per ton in September 2023, declining by -34% against the previous month. In general, the export price, however, enjoyed a temperate expansion. The growth pace was the most rapid in December 2022 an increase of 126% m-o-m. Over the period under review, the average export prices attained the maximum at $13,972 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($12,337 per ton), while the average price for exports to the Philippines ($1,405 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR
In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds imported into Hong Kong SAR skyrocketed to 4.1K tons, jumping by 39% against the previous year. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $22M in 2022. Over the period under review, imports, however, recorded a abrupt decline.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.3 | 2.9 | 6.0 | 11.0 | -12.3% |
| Taiwan (Chinese) | 3.9 | 3.9 | 4.0 | 4.4 | 4.1% |
| Japan | 3.4 | 3.4 | 2.7 | 2.8 | -6.3% |
| Thailand | 3.1 | 2.1 | 2.2 | 2.2 | -10.8% |
| Others | 1.9 | 1.2 | 2.3 | 2.0 | 1.7% |
| Total | 28.7 | 13.5 | 17.2 | 22.4 | -7.9% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Hong Kong SAR in 2022:
- China (2921.0 tons)
- Taiwan (Chinese) (693.1 tons)
- Japan (224.1 tons)
- Thailand (133.4 tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR
In 2022, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds from Hong Kong SAR soared to 262 tons, increasing by 50% against the previous year's figure. Over the period under review, exports, however, saw a dramatic contraction.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $1.9M in 2022. Overall, exports, however, saw a dramatic contraction.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1.3 | 1.0 | 1.0 | 1.0 | -8.4% |
| Philippines | N/A | N/A | N/A | 0.7 | 0% |
| Malaysia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Vietnam | 12.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 13.4 | 1.0 | 1.2 | 1.9 | -47.9% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Hong Kong SAR in 2022:
- Philippines (123.8 tons)
- Macao SAR (106.0 tons)
- Malaysia (24.6 tons)
- Thailand (4.8 tons)
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