Report Update Nov 1, 2024

Hong Kong SAR, China - Salmon (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Preserved Salmon Market 2024

Preserved Salmon Market Size in Hong Kong SAR, China

The Hong Kong preserved salmon market dropped to $X in 2021, flattening at the previous year. Over the period under review, consumption recorded a noticeable setback. Preserved salmon consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in Hong Kong SAR, China

In value terms, preserved salmon production rose to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Preserved salmon production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Preserved Salmon Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of salmon (prepared or preserved) were exported from Hong Kong SAR; picking up by 80% compared with 2020. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 282% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved salmon exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 260% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for preserved salmon exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR totaled -11.4%.

In value terms, Macao SAR ($X) also remains the key foreign market for salmon (prepared or preserved) exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to Macao SAR stood at -7.9%.

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2021, declining by -14.4% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved salmon export price increased by +82.3% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 80%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.8% per year.

Preserved Salmon Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of salmon (prepared or preserved) were imported into Hong Kong SAR; falling by -22.5% compared with the year before. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 188% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, preserved salmon imports declined to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 81% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Vietnam (X tons), China (X tons) and the UK (X tons) were the main suppliers of preserved salmon imports to Hong Kong SAR, with a combined 68% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +81.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved salmon suppliers to Hong Kong SAR were Vietnam ($X), the UK ($X) and Japan ($X), with a combined 68% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +96.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved salmon import price increased by +94.1% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 39%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), 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 salmon (prepared or preserved) in the world?

Norway constituted the country with the largest volume of preserved salmon consumption, comprising approx. 60% of total volume. Moreover, preserved salmon consumption in Norway exceeded the figures recorded by the second-largest consumer, China, eightfold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of salmon (prepared or preserved) in the world?

Norway constituted the country with the largest volume of preserved salmon production, comprising approx. 61% of total volume. Moreover, preserved salmon production in Norway exceeded the figures recorded by the second-largest producer, China, eightfold. The third position in this ranking was occupied by the United States, with a 4.3% share.

What are the leading suppliers of salmon (prepared or preserved) to Hong Kong SAR, China?

In value terms, Vietnam, the UK and Japan were the largest preserved salmon suppliers to Hong Kong SAR, together accounting for 68% of total imports.

What are the leading importers of salmon (prepared or preserved) from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for preserved salmon exports from Hong Kong SAR.

What is the average export price for salmon (prepared or preserved) in Hong Kong SAR, China?

In 2021, the average preserved salmon export price amounted to $13,206 per ton, which is down by -14.4% against the previous year.

What is the average import price for salmon (prepared or preserved) in Hong Kong SAR, China?

In 2021, the average preserved salmon import price amounted to $14,097 per ton, reducing by -6.3% against the previous year.

This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)

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