Report Update: Apr 1, 2024

Hong Kong SAR, China - Prepared Or Preserved Crab Meat - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prepared or Preserved Crab Meat in Hong Kong SAR - 2023

Price for Prepared or Preserved Crab Meat in Hong Kong SAR (CIF) - 2023

The average import price for prepared or preserved crab meat stood at $16,629 per ton in June 2023, dropping by -12% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 32% month-to-month. As a result, import price attained the peak level of $24,960 per ton. From March 2023 to June 2023, the average 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 India ($57,640 per ton), while the price for China ($4,474 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 India (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prepared or Preserved Crab Meat in Hong Kong SAR (FOB) - 2023

The average export price for prepared or preserved crab meat stood at $21,672 per ton in June 2023, dropping by -4.5% against the previous month. Over the period under review, export price indicated resilient growth from June 2022 to June 2023: its price increased at an average monthly rate of +7.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, prepared or preserved crab meat export price decreased by -19.3% against April 2023 indices. The pace of growth was the most pronounced in July 2022 an increase of 179% against the previous month. The export price peaked at $26,845 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($27,882 per ton), while the average price for exports to the Philippines ($7,580 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 (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared or Preserved Crab Meat in Hong Kong SAR

In 2022, imports of prepared or preserved crab meat into Hong Kong SAR soared to 1.8K tons, picking up by 35% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared or preserved crab meat imports skyrocketed to $33M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Import of Prepared or Preserved Crab Meat in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	6.2	9.5	5.6	7.4	6.1%
Taiwan (Chinese)	0.1	0.5	3.6	5.9	289.3%
South Korea	1.6	1.5	2.4	3.3	27.3%
India	2.4	1.3	3.7	3.2	10.1%
China	0.6	0.5	1.3	2.3	56.5%
Canada	0.7	0.8	2.4	2.0	41.9%
Indonesia	1.9	1.1	2.0	1.9	0.0%
Thailand	2.5	2.1	1.8	1.6	-13.8%
Philippines	2.0	0.7	1.7	1.4	-11.2%
Vietnam	0.5	0.5	1.0	1.2	33.9%
United Kingdom	0.2	0.1	0.2	1.0	71.0%
Others	2.9	1.8	1.6	1.5	-19.7%
Total	21.6	20.4	27.2	32.7	14.8%

Top Suppliers of Prepared or Preserved Crab Meat to Hong Kong SAR in 2022:

Japan (435.1 tons)
India (220.8 tons)
Taiwan (Chinese) (213.0 tons)
China (211.0 tons)
South Korea (174.2 tons)
Thailand (124.2 tons)
United Kingdom (110.1 tons)
Canada (84.3 tons)
Indonesia (76.7 tons)
Vietnam (66.7 tons)
Philippines (62.9 tons)

Exports of Prepared or Preserved Crab Meat in Hong Kong SAR

In 2022, approx. 341 tons of prepared or preserved crab meat were exported from Hong Kong SAR; increasing by 4.8% against 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 87%. As a result, the exports attained the peak of 392 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports rose sharply to $7.5M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 112%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Prepared or Preserved Crab Meat in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	0.3	0.5	2.7	5.2	158.8%
Japan	0.2	4.1	1.8	1.4	91.3%
Macao SAR	1.8	1.0	1.2	0.8	-23.7%
Singapore	N/A	0.1	N/A	0.1	0.0%
Vietnam	0.4	N/A	N/A	N/A	0%
Malaysia	0.2	N/A	N/A	N/A	0%
United States	N/A	0.6	1.0	N/A	66.7%
Others	N/A	N/A	N/A	N/A	0%
Total	3.0	6.3	6.6	7.5	35.7%

Top Export Markets for Prepared or Preserved Crab Meat from Hong Kong SAR in 2022:

Taiwan (Chinese) (184.0 tons)
Macao SAR (87.7 tons)
Japan (60.4 tons)
Singapore (6.3 tons)
Malaysia (1.4 tons)
United States (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prepared or preserved crab meat 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

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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
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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