Hong Kong SAR, China: Preserved Salmon Market 2024

Preserved Salmon Market Size in Hong Kong SAR, China

The Hong Kong preserved salmon market expanded sharply to $X in 2022, surging by X% against the previous year. Overall, consumption posted noticeable growth. Preserved salmon consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Preserved Salmon Production in Hong Kong SAR, China

In value terms, preserved salmon production totaled $X in 2022 estimated in export price. In general, production, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Preserved Salmon Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in shipments abroad of salmon (prepared or preserved), when their volume decreased by X% to X tons. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved salmon exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for preserved salmon exports from Hong Kong SAR, with a X% share of total exports. It was followed by China (X kg), with a X% share of total exports.

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

In value terms, Macao SAR ($X) remains the key foreign market for salmon (prepared or preserved) exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

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

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, export price indicated a notable expansion 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, preserved salmon export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR stood at $X per ton.

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

Preserved Salmon Imports

Imports into Hong Kong SAR, China

In 2022, preserved salmon imports into Hong Kong SAR skyrocketed to X tons, with an increase of X% on the previous year. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved salmon imports soared to $X in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Vietnam (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of preserved salmon imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of salmon (prepared or preserved) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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