Report Update Apr 1, 2024

Hong Kong SAR, China - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Hong Kong SAR, China

The Hong Kong frozen norway lobster market surged to $X in 2022, rising 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, however, enjoyed buoyant growth. Frozen norway lobster consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Frozen Norway Lobster Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of frozen norway lobsters, which decreased by X% to X kg in 2022. In general, exports showed a noticeable increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen norway lobster exports stood at $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Macao SAR (X kg) was the main destination for frozen norway lobster exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at X%.

From 2012 to 2022, the average annual growth rate of value to Macao SAR stood at X%.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Singapore amounted to X% per year.

Frozen Norway Lobster Imports

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of frozen norway lobsters, which decreased by X% to X tons in 2022. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen norway lobster imports soared to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest frozen norway lobster supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, frozen norway lobster imports from New Zealand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Spain (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of frozen norway lobsters to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average frozen norway lobster import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a tangible increase. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 New Zealand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen norway lobsters in the world?

Italy constituted the country with the largest volume of frozen norway lobster consumption, comprising approx. 49% of total volume. Moreover, frozen norway lobster consumption in Italy exceeded the figures recorded by the second-largest consumer, Spain, fourfold. France ranked third in terms of total consumption with a 12% share.

What are the largest producers of frozen norway lobsters in the world?

The countries with the highest volumes of production in 2022 were the UK, Ireland and Denmark, together accounting for 77% of global production. The Netherlands and Vietnam lagged somewhat behind, together comprising a further 18%.

What are the leading suppliers of frozen norway lobsters to Hong Kong SAR, China?

In value terms, New Zealand constituted the largest supplier of frozen norway lobsters to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was taken by Spain, with a 12% share of total imports. It was followed by Vietnam, with a 3.8% share.

What is the average export price for frozen norway lobsters in Hong Kong SAR, China?

The average frozen norway lobster export price stood at $20,339 per ton in 2022, remaining relatively unchanged against the previous year.

What is the average import price for frozen norway lobsters in Hong Kong SAR, China?

The average frozen norway lobster import price stood at $41,174 per ton in 2022, picking up by 71% against the previous year.

This report provides an in-depth analysis of the frozen norway lobster market 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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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