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Hong Kong SAR, China - Frozen Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Crab and Crab Meat in Hong Kong SAR - 2023
Contents:
- Price for Frozen Crab and Crab Meat in Hong Kong SAR (CIF) - 2023
- Price for Frozen Crab and Crab Meat in Hong Kong SAR (FOB) - 2023
- Imports of Frozen Crab and Crab Meat in Hong Kong SAR
- Exports of Frozen Crab and Crab Meat in Hong Kong SAR
Price for Frozen Crab and Crab Meat in Hong Kong SAR (CIF) - 2023
The average import price for frozen crabs and crabs meat stood at $17,003 per ton in June 2023, shrinking by -5.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 49% against the previous month. Over the period under review, average import prices attained the peak figure at $21,260 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($38,363 per ton), while the price for Myanmar ($10,255 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Crab and Crab Meat in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for frozen crabs and crabs meat amounted to $7,083 per ton, shrinking by -44% against the previous month. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in April 2023 an increase of 119% against the previous month. The export price peaked at $23,540 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($17,156 per ton), while the average price for exports to Taiwan (Chinese) totaled $2,809 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Crab and Crab Meat in Hong Kong SAR
Frozen crab and crab meat imports into Hong Kong SAR shrank to 1.9K tons in 2022, which is down by -6.8% compared with the previous year. Overall, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 3.3% against the previous year.
In value terms, frozen crab and crab meat imports shrank slightly to $34M in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.
Import of Frozen Crab and Crab Meat in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 11.6 | 7.5 | 13.9 | 6.8 | -16.3% |
Myanmar | 4.5 | 2.9 | 4.4 | 6.3 | 11.9% |
Canada | 8.9 | 4.1 | 2.8 | 5.4 | -15.3% |
South Korea | 6.7 | 6.2 | 2.5 | 5.2 | -8.1% |
Indonesia | 3.6 | 2.5 | 1.9 | 2.6 | -10.3% |
Thailand | 3.7 | 2.0 | 3.1 | 2.6 | -11.1% |
China | 7.5 | 1.1 | 1.3 | 1.5 | -41.5% |
United Kingdom | 2.4 | 1.5 | 2.2 | 1.3 | -18.5% |
Others | 5.8 | 3.1 | 3.1 | 2.4 | -25.5% |
Total | 54.6 | 31.0 | 35.2 | 34.1 | -14.5% |
Top Suppliers of Frozen Crab and Crab Meat to Hong Kong SAR in 2022:
- Myanmar (459.7 tons)
- Canada (248.3 tons)
- Japan (228.9 tons)
- Indonesia (222.6 tons)
- Thailand (209.1 tons)
- South Korea (170.7 tons)
- China (106.4 tons)
- United Kingdom (84.2 tons)
Exports of Frozen Crab and Crab Meat in Hong Kong SAR
Frozen crab and crab meat exports from Hong Kong SAR contracted rapidly to 118 tons in 2022, dropping by -79.5% on 2021 figures. Overall, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year.
In value terms, frozen crab and crab meat exports declined notably to $2.6M in 2022. Over the period under review, exports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 237%.
Export of Frozen Crab and Crab Meat in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 6.3 | 1.5 | 8.8 | 1.4 | -39.4% |
Macao SAR | 3.3 | 0.9 | 0.7 | 0.8 | -37.6% |
Canada | 0.8 | 0.4 | 0.6 | 0.3 | -27.9% |
China | 0.6 | N/A | N/A | N/A | 0% |
Vietnam | 1.3 | N/A | N/A | N/A | 0% |
Brunei Darussalam | N/A | N/A | N/A | N/A | 0% |
Philippines | 0.1 | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 12.6 | 3.1 | 10.3 | 2.6 | -40.9% |
Top Export Markets for Frozen Crab and Crab Meat from Hong Kong SAR in 2022:
- Japan (49.1 tons)
- Macao SAR (44.2 tons)
- Canada (17.9 tons)
- Philippines (2.9 tons)
- Brunei Darussalam (2.3 tons)
This report provides an in-depth analysis of the market for frozen crab and crab meat 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:
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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