Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR (FOB) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $16,479 per ton in September 2023, shrinking by -11.2% against the previous month. In general, the export price recorded a perceptible contraction. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 54% against the previous month. The export price peaked at $26,727 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to September 2023, the rate of growth in terms of prices for China amounted to -2.2% per month.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $9,248 per ton, shrinking by -19.6% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of 260%. Over the period under review, average import prices reached the maximum at $50,820 per ton in 2016; however, from 2017 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 the United States ($22,639 per ton), while the price for Chile ($1,508 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s exported from Hong Kong SAR declined significantly to 101 tons, shrinking by -37% compared with 2021 figures. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of 160 tons, and then contracted markedly in the following year.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s shrank significantly to $1.7M in 2022. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 7.3% against the previous year. As a result, the exports reached the peak of $3.4M, and then shrank remarkably in the following year.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.2 | 3.4 | 1.6 | -18.9% |
| Chile | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 3.2 | 3.4 | 1.7 | -18.1% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Hong Kong SAR in 2022:
- China (78.4 tons)
- Chile (22.4 tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Hong Kong SAR skyrocketed to 129 tons, jumping by 119% against the previous year's figure. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 120%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $1.2M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 364 | 549 | 389 | 527 | 13.1% |
| China | 34.9 | 32.6 | 164 | 331 | 111.7% |
| United States | 18.6 | 2.0 | 30.2 | 241 | 134.9% |
| Australia | N/A | 102 | 76.5 | 43.0 | -35.1% |
| Chile | N/A | N/A | N/A | 33.8 | 0% |
| Japan | 14.9 | 23.2 | 16.8 | 15.8 | 2.0% |
| Others | 16.7 | N/A | N/A | N/A | 0% |
| Total | 449 | 709 | 677 | 1,192 | 38.5% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Hong Kong SAR in 2022:
- China (49.8 tons)
- Norway (35.1 tons)
- Chile (22.4 tons)
- United States (10.7 tons)
- Australia (6.7 tons)
- Japan (4.2 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Hong Kong SAR, China.
809
This report provides an in-depth analysis of the global market for fish fat and oil.
616
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
