Price for Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR - 2023
Contents:
- Price for Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
- Price for Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
- Imports of Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR
- Exports of Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR
Price for Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for mollusc preparations; oysters, prepared or preserveds amounted to $9,100 per ton, with a decrease of -5% against the previous month. In general, the import price showed a mild downturn. The pace of growth was the most pronounced in May 2023 when the average import price increased by 54% against the previous month. The import price peaked at $13,635 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($10,329 per ton), while the price for China ($8,792 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 (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for mollusc preparations; oysters, prepared or preserveds amounted to $13,975 per ton, shrinking by -13.6% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 84%. The export price peaked at $24,754 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +7.2% per year.
Imports of Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR
Imports of mollusc preparations; oysters, prepared or preserveds into Hong Kong SAR reduced notably to 112 tons in 2022, which is down by -55.3% compared with 2021. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of 251 tons, and then plummeted in the following year.
In value terms, imports of mollusc preparations; oysters, prepared or preserveds reduced markedly to $1.1M in 2022. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 83%. As a result, imports reached the peak of $2.7M, and then contracted remarkably in the following year.
| Import of Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,253 | 763 | 1,923 | 710 | -17.2% |
| China | 518 | 507 | 695 | 259 | -20.6% |
| South Korea | 68.2 | 148 | 101 | 149 | 29.8% |
| United Kingdom | N/A | 61.6 | N/A | N/A | 0% |
| Others | N/A | 13.2 | 19.0 | 20.6 | 24.9% |
| Total | 1,839 | 1,492 | 2,737 | 1,139 | -14.8% |
Top Suppliers of Mollusc Preparations; Oysters, Prepared or Preserved to Hong Kong SAR in 2022:
- Japan (59.1 tons)
- China (37.9 tons)
- South Korea (13.6 tons)
Exports of Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR
Exports of mollusc preparations; oysters, prepared or preserveds from Hong Kong SAR skyrocketed to 728 kg in 2022, rising by 79% against the previous year's figure. In general, exports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 87% against the previous year. As a result, the exports reached the peak of 3.4 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of mollusc preparations; oysters, prepared or preserveds skyrocketed to $10K in 2022. Overall, exports, however, showed a sharp reduction.
| Export of Mollusc Preparations; Oysters, Prepared or Preserved in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 14.3 | 35.5 | 6.6 | 10.2 | -10.7% |
| Japan | 30.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 44.6 | 35.5 | 6.6 | 10.2 | -38.8% |
Top Export Markets for Mollusc Preparations; Oysters, Prepared or Preserved from Hong Kong SAR in 2022:
- Macao SAR (728.0 kg)
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