Report Update Nov 1, 2024

Hong Kong SAR, China - Fish Heads, Tails and Maws - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Fish Parts Market 2024

Fish Parts Market Size in Hong Kong SAR, China

In 2022, the Hong Kong fish parts market decreased by -25% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Fish Parts Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of fish heads, tails and maws increased by 78% to X tons in 2022. In general, exports, however, recorded a abrupt slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fish parts exports surged to $X in 2022. Overall, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Macao SAR (X tons), China (X tons) and Vietnam (X tons) were the main destinations of fish parts exports from Hong Kong SAR, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Macao SAR ($X) emerged as the key foreign market for fish heads, tails and maws exports from Hong Kong SAR, comprising 71% of total exports. The second position in the ranking was taken by China ($X), with an 8.6% share of total exports. It was followed by Singapore, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR stood at +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.8% per year) and Singapore (+4.0% per year).

Export Prices by Country

In 2022, the average fish parts export price amounted to $X per ton, picking up by 79% against the previous year. Overall, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fish Parts Imports

Imports into Hong Kong SAR, China

In 2022, the amount of fish heads, tails and maws imported into Hong Kong SAR fell to X tons, reducing by -8.3% compared with the year before. Over the period under review, imports saw a slight shrinkage. The growth pace was the most rapid in 2015 when imports increased by 17%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fish parts imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 35% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Brazil (X tons) and Tanzania (X tons) were the main suppliers of fish parts imports to Hong Kong SAR, together accounting for 32% of total imports. Vietnam, Uganda, Singapore, Myanmar, India, Peru, Senegal, Mexico, Sri Lanka and Yemen lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +97.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Uganda ($X) and Brazil ($X) constituted the largest fish parts suppliers to Hong Kong SAR, together comprising 43% of total imports.

Tanzania, with a CAGR of +78.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fish parts import price stood at $X per ton in 2022, surging by 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Tanzania ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish heads, tails and maws in the world?

Uganda remains the largest fish parts consuming country worldwide, accounting for 23% of total volume. Moreover, fish parts consumption in Uganda exceeded the figures recorded by the second-largest consumer, China, twofold. The United States ranked third in terms of total consumption with a 9.4% share.

What are the largest producers of fish heads, tails and maws in the world?

The countries with the highest volumes of in 2021 were China, the United States and Iceland, together accounting for 40% of global production. These countries were followed by Indonesia, Tanzania, Brazil, Japan, India, Norway, Belarus, the UK, Mexico and Pakistan, which together accounted for a further 23%.

What are the leading suppliers of fish heads, tails and maws to Hong Kong SAR, China?

In value terms, Tanzania, Uganda and Brazil were the largest fish parts suppliers to Hong Kong SAR, with a combined 40% share of total imports.

What are the leading importers of fish heads, tails and maws from Hong Kong SAR, China?

In value terms, Vietnam emerged as the key foreign market for fish parts exports from Hong Kong SAR, comprising 60% of total exports. The second position in the ranking was occupied by Macao SAR, with a 10% share of total exports. It was followed by China, with a 7.5% share.

What is the average export price for fish heads, tails and maws in Hong Kong SAR, China?

The average fish parts export price stood at $36,531 per ton in 2021, growing by 27% against the previous year.

What is the average import price for fish heads, tails and maws in Hong Kong SAR, China?

The average fish parts import price stood at $64,157 per ton in 2021, reducing by -11.8% against the previous year.

This report provides an in-depth analysis of the fish parts 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 10204250 - Fish heads, tails and maws, other edible fish offal: dried, s alted or in brine, smoked

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023