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Hong Kong SAR, China - Flours, Meals And Pellets Of Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Meals and Pellet in Hong Kong SAR - 2023
Contents:
- Price for Fish Meals and Pellet in Hong Kong SAR (CIF) - 2023
- Price for Fish Meals and Pellet in Hong Kong SAR (FOB) - 2022
- Imports of Fish Meals and Pellet in Hong Kong SAR
- Exports of Fish Meals and Pellet in Hong Kong SAR
Price for Fish Meals and Pellet in Hong Kong SAR (CIF) - 2023
The average fish meals and pellet import price stood at $42,964 per ton in June 2023, increasing by 45% against the previous month. Over the period under review, import price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, fish meals and pellet import price increased by +55.7% against April 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 65% against the previous month. Over the period under review, average import prices attained the maximum in June 2023.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to +4.6% per month.
Price for Fish Meals and Pellet in Hong Kong SAR (FOB) - 2022
The average fish meals and pellet export price stood at $5,438 per ton in 2022, shrinking by -17.6% against the previous year. In general, the export price continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 an increase of 168% against the previous year. The export price peaked at $69,503 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +7.3% per year.
Imports of Fish Meals and Pellet in Hong Kong SAR
In 2022, approx. 161 tons of flours, meals and pellets of fish were imported into Hong Kong SAR; jumping by 113% on the previous year. In general, imports, however, continue to indicate a perceptible setback.
In value terms, fish meals and pellet imports surged to $1.6M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Fish Meals and Pellet in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 533 | 932 | 887 | 876 | 18.0% |
China | 492 | 919 | 148 | 465 | -1.9% |
Myanmar | 51.7 | 41.0 | 90.3 | 89.2 | 19.9% |
Norway | 94.9 | 116 | 27.6 | 71.4 | -9.0% |
Indonesia | 75.8 | 47.3 | 48.4 | 52.2 | -11.7% |
Others | 105 | 21.0 | 39.1 | 38.7 | -28.3% |
Total | 1,352 | 2,077 | 1,241 | 1,593 | 5.6% |
Top Suppliers of Fish Meals and Pellet to Hong Kong SAR in 2022:
- China (94.4 tons)
- Japan (31.1 tons)
- Myanmar (18.3 tons)
- Indonesia (13.0 tons)
- Norway (2.4 tons)
Exports of Fish Meals and Pellet in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in overseas shipments of flours, meals and pellets of fish, which increased by 1.6% to 4.6 tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, fish meals and pellet exports declined significantly to $25K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 61%.
Export of Fish Meals and Pellet in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 13.4 | 23.2 | 28.6 | 24.9 | 22.9% |
Fiji | 1.0 | N/A | N/A | N/A | 0% |
Canada | N/A | N/A | 0.7 | N/A | 0% |
Others | N/A | N/A | 0.4 | N/A | 0% |
Total | 14.4 | 23.2 | 29.7 | 24.9 | 20.0% |
Top Export Markets for Fish Meals and Pellet from Hong Kong SAR in 2022:
- Malaysia (4.6 tons)
This report provides an in-depth analysis of the market for fish meals and pellet 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 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine
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
-
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
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