Report Update Nov 1, 2024

Hong Kong SAR, China - Fresh or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Hong Kong SAR, China

The Hong Kong fresh fish fillet market expanded significantly to $X in 2021, surging by 5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded prominent growth. Fresh fish fillet consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Fresh Fish Fillet Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of fresh or chilled fish fillets was finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw significant growth. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, fresh fish fillet exports surged to $X in 2021. Overall, exports showed a significant increase. 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) was the main destination for fresh fish fillet exports from Hong Kong SAR, with a 94% share of total exports. Moreover, fresh fish fillet exports to Macao SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR amounted to +27.4%.

In value terms, Macao SAR ($X) remains the key foreign market for fresh or chilled fish fillets exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR amounted to +26.0%.

Export Prices by Country

In 2021, the average fresh fish fillet export price amounted to $X per ton, dropping by -18.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 150% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-1.1%), while the prices for the other major destinations experienced a decline.

Fresh Fish Fillet Imports

Imports into Hong Kong SAR, China

In 2021, fresh fish fillet imports into Hong Kong SAR was estimated at X tons, surging by 3.8% on the year before. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 103%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports reached $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 71%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fresh fish fillet to Hong Kong SAR, with a 77% share of total imports. Moreover, fresh fish fillet imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.0% per year) and Japan (+23.4% per year).

In value terms, the largest fresh fish fillet suppliers to Hong Kong SAR were China ($X), Japan ($X) and Vietnam ($X), with a combined 89% share of total imports.

Japan, with a CAGR of +24.4%, recorded the highest rates of growth with regard to 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 fresh fish fillet import price stood at $X per ton in 2021, picking up by 6.8% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh fish fillet import price increased by +54.9% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 65%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled fish fillets in the world?

China constituted the country with the largest volume of fresh fish fillet consumption, comprising approx. 18% of total volume. Moreover, fresh fish fillet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.1% share.

What are the largest producers of fresh or chilled fish fillets in the world?

China remains the largest fresh fish fillet producing country worldwide, comprising approx. 18% of total volume. Moreover, fresh fish fillet production in China exceeded the figures recorded by the second-largest producer, India, twofold. Chile ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of fresh or chilled fish fillets to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of fresh fish fillet to Hong Kong SAR, comprising 61% of total imports. The second position in the ranking was occupied by Japan, with a 24% share of total imports.

What are the leading importers of fresh or chilled fish fillets from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for fresh fish fillet exports from Hong Kong SAR.

What is the average export price for fresh or chilled fish fillets in Hong Kong SAR, China?

The average fresh fish fillet export price stood at $12,855 per ton in 2020, increasing by 37% against the previous year.

What is the average import price for fresh or chilled fish fillets in Hong Kong SAR, China?

The average fresh fish fillet import price stood at $6,256 per ton in 2020, surging by 3.3% against the previous year.

This report provides an in-depth analysis of the fresh fish fillet 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones

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