Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR (CIF) - 2023
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR (FOB) - 2022
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $34,310 per ton, rising by 2.8% against the previous month. Overall, import price indicated a resilient expansion from November 2022 to October 2023: its price increased at an average monthly rate of +6.2% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s increased by +33.3% against December 2022 indices. The most prominent rate of growth was recorded in December 2022 an increase of 46% against the previous month. The import price peaked in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($60,184 per ton), while the price for the Philippines ($21,779 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $15,043 per ton, surging by 7.8% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2015 when the average export price increased by 119%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 the United States amounted to +5.7% per year.
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR
Imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s into Hong Kong SAR skyrocketed to 420 tons in 2022, picking up by 107% on the year before. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s surged to $8.3M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.5 | 3.7 | 4.4 | 6.5 | 37.5% |
| Australia | 0.7 | 0.7 | 1.1 | 1.2 | 19.7% |
| Philippines | 1.0 | 0.3 | 0.3 | 0.3 | -33.1% |
| United Kingdom | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Others | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Total | 4.8 | 5.3 | 6.1 | 8.3 | 20.0% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to Hong Kong SAR in 2022:
- Japan (367.2 tons)
- Australia (24.7 tons)
- Philippines (16.1 tons)
- United Kingdom (2.9 tons)
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR
In 2022, the amount of fish fillets; fresh or chilled, other than fish of heading 0304.4s exported from Hong Kong SAR plummeted to 3.7 tons, reducing by -94.6% against the previous year. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 514%. As a result, the exports reached the peak of 69 tons, and then reduced remarkably in the following year.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s declined rapidly to $55K in 2022. Over the period under review, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 566%. As a result, the exports attained the peak of $958K, and then plummeted in the following year.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 431 | 144 | 958 | 55.4 | -49.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 431 | 144 | 958 | 55.4 | -49.5% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from Hong Kong SAR in 2022:
- Macao SAR (3.7 tons)
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