Hong Kong SAR, China: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Hong Kong SAR, China

The Hong Kong frozen yellowfin tuna market surged to $X in 2020, jumping by X% against the previous year. In general, consumption showed strong growth. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Frozen Yellowfin Tuna Production in Hong Kong SAR, China

In value terms, frozen yellowfin tuna production stood at $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. Frozen yellowfin tuna production peaked in 2020 and is expected to retain growth in the immediate term.

Frozen Yellowfin Tuna Exports

Exports from Hong Kong SAR, China

In 2020, after six years of growth, there was significant decline in shipments abroad of frozen yellowfin tuna, when their volume decreased by -X% to X tons. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2019, and then declined rapidly in the following year.

In value terms, frozen yellowfin tuna exports contracted significantly to $X in 2020. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then fell dramatically in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for frozen yellowfin tuna exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Macao SAR was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Macao SAR was relatively modest.

Export Prices by Country

In 2020, the average frozen yellowfin tuna export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a resilient increase. Over the period under review, average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, 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 Macao SAR.

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to X% per year.

Frozen Yellowfin Tuna Imports

Imports into Hong Kong SAR, China

In 2020, approx. X tons of frozen yellowfin tuna were imported into Hong Kong SAR; rising by X% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2013 to 2020, the growth imports remained at a lower figure.

In value terms, frozen yellowfin tuna imports soared to $X in 2020. Over the period under review, imports saw a prominent increase. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Japan (X tons) and Solomon Islands (X tons) were the main suppliers of frozen yellowfin tuna imports to Hong Kong SAR, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Japan, while purchases for the other leaders experienced mixed trend patterns.

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

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

Import Prices by Country

The average frozen yellowfin tuna import price stood at $X per ton in 2020, increasing by X% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the price for Solomon Islands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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