Hong Kong SAR, China: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Hong Kong SAR, China

The Hong Kong frozen atlantic halibut market skyrocketed to $X in 2020, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a notable increase. Frozen atlantic halibut consumption peaked at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Frozen Atlantic Halibut Exports

Exports from Hong Kong SAR, China

In 2020, shipments abroad of frozen atlantic halibut decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports declined to $X in 2020. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for frozen atlantic halibut exports from Hong Kong SAR, with a X% share of total exports. Moreover, frozen atlantic halibut exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Macao SAR (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +X%.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for frozen atlantic halibut exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Macao SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +X%.

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a resilient expansion. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Taiwan (Chinese) totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR.

Frozen Atlantic Halibut Imports

Imports into Hong Kong SAR, China

In 2020, frozen atlantic halibut imports into Hong Kong SAR rose markedly to X tons, with an increase of X% against 2019 figures. In general, imports saw a modest increase. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, frozen atlantic halibut imports shrank significantly to $X in 2020. Overall, imports posted a temperate expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Denmark (X tons) constituted the largest supplier of frozen atlantic halibut to Hong Kong SAR, with a X% share of total imports. Moreover, frozen atlantic halibut imports from Denmark exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Iceland (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Denmark totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Iceland (-X% per year).

In value terms, the largest frozen atlantic halibut suppliers to Hong Kong SAR were Denmark ($X), China ($X) and Canada ($X), together accounting for X% of total imports.

Among the main suppliers, China (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, import price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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