Hong Kong SAR, China: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Hong Kong SAR, China

The Hong Kong inedible fish products market reduced modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, recorded a prominent increase. Inedible fish products consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Hong Kong SAR, China

In value terms, inedible fish products production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Inedible Fish Products Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of inedible fish products were exported from Hong Kong SAR; declining by X% against 2021 figures. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports declined to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), India (X tons) and Japan (X tons) were the main destinations of inedible fish products exports from Hong Kong SAR, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X), India ($X) and Indonesia ($X) were the largest markets for inedible fish products exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average inedible fish products export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Hong Kong SAR, China

Inedible fish products imports into Hong Kong SAR expanded markedly to X tons in 2022, growing by X% on 2021 figures. In general, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, inedible fish products imports dropped to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of inedible fish products imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of inedible fish products to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inedible fish products import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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