Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR - 2023

Contents:

1. Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR (CIF) - 2022
2. Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
3. Imports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR
4. Exports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR

Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR (CIF) - 2022

The average import price for mollusc preparations; snails, other than sea snails, prepared or preserveds stood at $14,660 per ton in 2022, picking up by 22% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 103%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($16,139 per ton), while the price for Indonesia ($5,310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR (FOB) - 2022

The average export price for mollusc preparations; snails, other than sea snails, prepared or preserveds stood at $8,237 per ton in 2022, reducing by -22.4% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2013 an increase of 254%. Over the period under review, the average export prices hit record highs at $24,039 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 -1.0% per year.

Imports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR

In 2022, overseas purchases of mollusc preparations; snails, other than sea snails, prepared or preserveds decreased by -16.6% to 138 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 165 tons, and then contracted markedly in the following year.

In value terms, imports of mollusc preparations; snails, other than sea snails, prepared or preserveds expanded slightly to $2M in 2022. The total import value increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved to Hong Kong SAR in 2022:

1. France (100.4 tons)
2. Lithuania (21.4 tons)
3. Netherlands (10.0 tons)
4. Indonesia (5.5 tons)

Exports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Hong Kong SAR

Exports of mollusc preparations; snails, other than sea snails, prepared or preserveds from Hong Kong SAR declined modestly to 7.5 tons in 2022, with a decrease of -1.9% against 2021. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 224% against the previous year. As a result, the exports attained the peak of 7.7 tons, and then fell in the following year.

In value terms, exports of mollusc preparations; snails, other than sea snails, prepared or preserveds shrank markedly to $62K in 2022. Over the period under review, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 205%. As a result, the exports attained the peak of $81K, and then fell significantly in the following year.

Top Export Markets for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved from Hong Kong SAR in 2022:

1. Macao SAR (7.5 tons)

Source: IndexBox Market Intelligence Platform