Hong Kong SAR, China: Frozen Eels Market 2022

Frozen Eels Market Size in Hong Kong SAR, China

In 2020, the Hong Kong frozen eels market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a deep setback. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market failed to regain the momentum.

Frozen Eels Exports

Exports from Hong Kong SAR, China

After five years of decline, shipments abroad of frozen eels increased by X% to X tons in 2020. Over the period under review, exports, however, showed a mild downturn. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen eels exports skyrocketed to $X in 2020. Overall, exports, however, saw moderate growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Macao SAR (X tons) was the main destination for frozen eels exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, frozen eels exports to Macao SAR exceeded the volume sent to the second major destination, Vietnam (X tons), twofold.

From 2007 to 2020, the average annual growth rate of volume to Macao SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-X% per year) and Malaysia (-X% per year).

In value terms, Macao SAR ($X) emerged as the key foreign market for frozen eels exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Macao SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2020, the average frozen eels export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price saw a moderate expansion. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Eels Imports

Imports into Hong Kong SAR, China

In 2020, supplies from abroad of frozen eels decreased by -X% to X tons, falling for the sixth year in a row after two years of growth. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen eels imports fell to $X in 2020. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports remained at a lower figure.

Imports by Country

China (X tons), Indonesia (X tons) and Japan (X tons) were the main suppliers of frozen eels imports to Hong Kong SAR, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (+X% per year), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of frozen eels to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Indonesia (-X% per year).

Import Prices by Country

In 2020, the average frozen eels import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :