Frozen Tilapia Fillets Price in Hong Kong SAR - 2023
Contents:
- Frozen Tilapia Fillets Price in Hong Kong SAR (CIF) - 2022
- Frozen Tilapia Fillets Price in Hong Kong SAR (FOB) - 2022
- Frozen Tilapia Fillets Imports in Hong Kong SAR
- Frozen Tilapia Fillets Exports in Hong Kong SAR
Frozen Tilapia Fillets Price in Hong Kong SAR (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $3,771 per ton, which is down by -18.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 93%. The import price peaked at $4,681 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 Taiwan (Chinese) ($6,131 per ton), while the price for China stood at $3,574 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.3%), while the prices for the other major suppliers experienced a decline.
Frozen Tilapia Fillets Price in Hong Kong SAR (FOB) - 2022
The average frozen tilapia fillets export price stood at $4,098 per ton in 2022, growing by 13% against the previous year. In general, the export price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 76%. Over the period under review, the average export prices hit record highs at $5,441 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +8.8% per year.
Frozen Tilapia Fillets Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of frozen tilapia fillets, when their volume decreased by -46.6% to 321 tons. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 136%. As a result, imports attained the peak of 601 tons, and then shrank markedly in the following year.
In value terms, frozen tilapia fillets imports shrank sharply to $1.2M in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 184% against the previous year. As a result, imports reached the peak of $2.8M, and then declined rapidly in the following year.
| Import of Frozen Tilapia Fillets in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 647 | 743 | 2,439 | 1,058 | 17.8% |
| Taiwan (Chinese) | 257 | 230 | 348 | 151 | -16.2% |
| Others | 84.3 | 6.8 | N/A | N/A | -91.9% |
| Total | 988 | 980 | 2,787 | 1,209 | 7.0% |
Top Suppliers of Frozen Tilapia Fillets to Hong Kong SAR in 2022:
- China (296.1 tons)
- Taiwan (Chinese) (24.6 tons)
Frozen Tilapia Fillets Exports in Hong Kong SAR
In 2022, the amount of frozen tilapia fillets exported from Hong Kong SAR reduced notably to 18 tons, falling by -47.2% compared with the previous year. Over the period under review, exports recorded a precipitous contraction. The smallest decline of -1.4% was in 2021.
In value terms, frozen tilapia fillets exports reduced remarkably to $74K in 2022. Overall, exports saw a dramatic curtailment. The smallest decline of -2.7% was in 2021.
| Export of Frozen Tilapia Fillets in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 163 | 126 | 123 | 73.6 | -23.3% |
| Taiwan (Chinese) | 40.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 203 | 126 | 123 | 73.6 | -28.7% |
Top Export Markets for Frozen Tilapia Fillets from Hong Kong SAR in 2022:
- Macao SAR (17.9 tons)
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