Hong Kong SAR, China - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fat and Oil in Hong Kong SAR - 2023
Contents:
- Price for Fish Fat and Oil in Hong Kong SAR (FOB) - 2022
- Price for Fish Fat and Oil in Hong Kong SAR (CIF) - 2022
- Exports of Fish Fat and Oil in Hong Kong SAR
- Imports of Fish Fat and Oil in Hong Kong SAR
Price for Fish Fat and Oil in Hong Kong SAR (FOB) - 2022
The average fish fat and oil export price stood at $15,457 per ton in 2022, reducing by -21.9% against the previous year. Over the period under review, the export price, however, posted resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices reached the maximum at $31,986 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($20,533 per ton), while the average price for exports to Chile ($1,508 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 China (+10.0%).
Price for Fish Fat and Oil in Hong Kong SAR (CIF) - 2022
In 2022, the average fish fat and oil import price amounted to $10,442 per ton, which is down by -17% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 273% against the previous year. The import price peaked at $35,632 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($65,568 per ton), while the price for Chile ($1,508 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Fat and Oil in Hong Kong SAR
In 2022, the amount of fish fats and oils exported from Hong Kong SAR contracted notably to 107 tons, with a decrease of -37.6% against the year before. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. As a result, the exports attained the peak of 172 tons, and then reduced markedly in the following year.
In value terms, fish fat and oil exports dropped significantly to $1.7M in 2022. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 7.3% against the previous year. As a result, the exports attained the peak of $3.4M, and then contracted significantly in the following year.
| Export of Fish Fat and Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.2 | 3.4 | 1.6 | -18.9% |
| Macao SAR | N/A | N/A | N/A | N/A | 0% |
| Chile | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 3.2 | 3.4 | 1.7 | -18.1% |
Top Export Markets for Fish Fat and Oil from Hong Kong SAR in 2022:
- China (78.4 tons)
- Chile (22.4 tons)
- Macao SAR (6.5 tons)
Imports of Fish Fat and Oil in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in purchases abroad of fish fats and oils, which increased by 107% to 114 tons in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fish fat and oil imports surged to $1.2M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish Fat and Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 395 | 566 | 405 | 527 | 10.1% |
| China | 34.9 | 32.6 | 164 | 331 | 111.7% |
| United States | 18.6 | 66.0 | 30.6 | 241 | 134.9% |
| Australia | N/A | 102 | 76.5 | 43.0 | -35.1% |
| Chile | N/A | N/A | N/A | 33.8 | 0% |
| Japan | 14.9 | 23.2 | 16.8 | 15.8 | 2.0% |
| Others | 16.7 | N/A | N/A | N/A | 0% |
| Total | 480 | 790 | 693 | 1,192 | 35.4% |
Top Suppliers of Fish Fat and Oil to Hong Kong SAR in 2022:
- China (42.1 tons)
- Norway (35.1 tons)
- Chile (22.4 tons)
- Australia (6.7 tons)
- Japan (4.2 tons)
- United States (3.7 tons)
This report provides an in-depth analysis of the market for fish fat and oil 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 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for fish fat and oil in Hong Kong SAR, China.
732
This report provides an in-depth analysis of the global market for fish fat and oil.
269
This report provides an in-depth analysis of the market for fish fat and oil in Hong Kong SAR, China.
732
This report provides an in-depth analysis of the global market for fish fat and oil.
568
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
568
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
