Hong Kong SAR, China: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Hong Kong SAR, China

The Hong Kong market for jellyfish, dried, salted or in brine, smoked contracted remarkably to $X in 2022, declining by -24.7% 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, however, continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas shipments of jellyfish, dried, salted or in brine, smoked, which decreased by -29.6% to X tons in 2022. In general, exports faced a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of jellyfish, dried, salted or in brine, smoked declined markedly to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 264%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Canada (X tons), Macao SAR (X tons) and the United States (X tons) were the main destinations of exports of jellyfish, dried, salted or in brine, smoked from Hong Kong SAR, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +16.8%), while the other leaders experienced mixed trend patterns.

In value terms, Macao SAR ($X), Canada ($X) and the United States ($X) appeared to be the largest markets for jellyfish, dried, salted or in brine, smoked exported from Hong Kong SAR worldwide, together comprising 77% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the export price posted strong growth. The growth pace was the most rapid in 2018 an increase of 119% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the Philippines ($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 (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into Hong Kong SAR, China

In 2022, the amount of jellyfish, dried, salted or in brine, smoked imported into Hong Kong SAR stood at X tons, surging by 9.7% on 2021. Overall, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2018 when imports increased by 203% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of jellyfish, dried, salted or in brine, smoked shrank significantly to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 238% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of imports of jellyfish, dried, salted or in brine, smoked to Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +72.7%).

In value terms, China ($X) constituted the largest supplier of jellyfish, dried, salted or in brine, smoked to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -8.9%.

Import Prices by Country

In 2022, the average import price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, waning by -44% against the previous year. Over the period under review, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2015 an increase of 41%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while the price for Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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