Price for Smoked Fish, Incl. Fillets in Hong Kong SAR - 2023

Contents:

1. Price for Smoked Fish, Incl. Fillets in Hong Kong SAR (CIF) - 2023
2. Price for Smoked Fish, Incl. Fillets in Hong Kong SAR (FOB) - 2022
3. Imports of Smoked Fish, Incl. Fillets in Hong Kong SAR
4. Exports of Smoked Fish, Incl. Fillets in Hong Kong SAR

Price for Smoked Fish, Incl. Fillets in Hong Kong SAR (CIF) - 2023

In June 2023, the average smoked fish, incl. fillets import price amounted to $14,619 per ton, dropping by -4.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 23% m-o-m. Over the period under review, average import prices attained the maximum at $16,462 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($16,751 per ton), while the price for China amounted to $14,294 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Smoked Fish, Incl. Fillets in Hong Kong SAR (FOB) - 2022

In 2022, the average smoked fish, incl. fillets export price amounted to $17,972 per ton, rising by 12% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked fish, incl. fillets export price increased by +17.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Macao SAR ($18,762 per ton) and Brunei Darussalam ($18,558 per ton), while the average price for exports to Canada ($14,350 per ton) and the United States ($15,191 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Smoked Fish, Incl. Fillets in Hong Kong SAR

In 2022, purchases abroad of smoked fish, incl. fillets was finally on the rise to reach 457 tons after two years of decline. In general, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, smoked fish, incl. fillets imports skyrocketed to $5.9M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Smoked Fish, Incl. Fillets to Hong Kong SAR in 2022:

1. China (381.6 tons)
2. Thailand (44.1 tons)
3. Japan (19.2 tons)

Exports of Smoked Fish, Incl. Fillets in Hong Kong SAR

Smoked fish, incl. fillets exports from Hong Kong SAR totaled 55 tons in 2022, increasing by 3.9% against 2021 figures. In general, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year.

In value terms, smoked fish, incl. fillets exports soared to $989K in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 45%.

Top Export Markets for Smoked Fish, Incl. Fillets from Hong Kong SAR in 2022:

1. Macao SAR (43.7 tons)
2. Canada (7.2 tons)
3. United States (3.2 tons)
4. Brunei Darussalam (0.9 tons)

Source: IndexBox Market Intelligence Platform