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Hong Kong SAR, China - Smoked Pacific, Atlantic And Danube Salmon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kong Sees 3% Increase in Smoked Salmon Imports, Reaching $12 Million in 2023
Hong Kong Smoked Salmon Imports
Smoked salmon imports into Hong Kong rose to 803 tons in 2023, increasing by 1.9% on the year before. In general, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 86% against the previous year. Imports peaked at 1.3K tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.
In value terms, smoked salmon imports rose to $12M (IndexBox estimates) in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 68%. Over the period under review, imports reached the maximum at $15M in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.
COUNTRY | Import Value of Smoked Salmon in Hong Kong (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
China | 1.5 | 2.1 | 2.9 | 3.9 | 4.6 | 4.7 | 3.3 | 3.5 | 4.9 | 5.3 | 4.3 |
United Kingdom | 2.9 | 3.4 | 3.7 | 3.1 | 3.3 | 2.8 | 2.3 | 1.8 | 2.3 | 1.9 | 3.1 |
Norway | 4.6 | 0.3 | 4.0 | 3.8 | 4.0 | 4.3 | 2.5 | 2.4 | 2.1 | 2.9 | 3.1 |
Taiwan (Chinese) | N/A | N/A | N/A | 0.2 | 0.2 | 0.3 | 0.5 | 0.4 | 0.3 | 0.6 | 0.6 |
Australia | 0.2 | N/A | 0.1 | 0.1 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.4 | 0.5 |
France | 0.6 | 0.7 | 1.1 | 1.0 | 0.9 | 0.6 | 0.5 | 0.4 | 0.4 | 0.5 | 0.2 |
Switzerland | 0.8 | 0.3 | 0.1 | 0.1 | N/A | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 |
Others | 1.3 | 0.7 | 0.9 | 1.3 | 1.7 | 0.4 | 0.7 | 0.5 | 0.5 | 0.2 | 0.5 |
Total | 11.9 | 7.6 | 12.7 | 13.4 | 15.1 | 13.6 | 10.6 | 9.7 | 11.3 | 12.0 | 12.3 |
Imports by Country
Norway (349 tons), China (290 tons) and the UK (100 tons) were the main suppliers of smoked salmon imports to Hong Kong, together comprising 92% of total imports. Taiwan (Chinese), Australia, France and Switzerland lagged somewhat behind, together accounting for a further 5.7%.
From 2013 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +93.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, China ($4.3M), Norway ($3.1M) and the UK ($3.1M) appeared to be the largest smoked salmon suppliers to Hong Kong, with a combined 85% share of total imports. Taiwan (Chinese), Australia, France and Switzerland lagged somewhat behind, together accounting for a further 11%.
Taiwan (Chinese), with a CAGR of +109.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the smoked salmon price amounted to $15,371 per ton, therefore (CIF, Hong Kong), remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $19,195 per ton. From 2019 to 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($31,869 per ton), while the price for Norway ($8,832 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the smoked salmon 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:
- Prodcom 10202420 -
- Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023