Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR - 2023
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR
- Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR (CIF) - 2023
The average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $16,424 per ton in November 2023, dropping by -20.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 66% m-o-m. As a result, import price attained the peak level of $27,649 per ton. From March 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($22,317 per ton), while the price for Thailand ($5,512 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR (FOB) - 2022
The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $16,129 per ton in 2022, with a decrease of -35.7% against the previous year. Overall, the export price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices reached the maximum at $32,124 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($29,370 per ton), while the average price for exports to the United States ($6,540 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 Malaysia (+60.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR
In 2022, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds into Hong Kong SAR contracted to 394 tons, waning by -10.9% on 2021. Overall, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds fell markedly to $5.2M in 2022. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 15%.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.2 | 3.1 | 4.1 | 3.2 | -8.7% |
| China | 3.7 | 2.3 | 2.1 | 1.9 | -19.9% |
| Vietnam | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.0 | 5.4 | 6.3 | 5.2 | -13.4% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to Hong Kong SAR in 2022:
- Japan (209.6 tons)
- China (169.0 tons)
- Vietnam (6.6 tons)
- Thailand (6.5 tons)
Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR
In 2022, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds from Hong Kong SAR fell rapidly to 26 tons, shrinking by -20.7% on the previous year's figure. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 118%. As a result, the exports reached the peak of 33 tons, and then fell markedly in the following year.
In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds declined sharply to $423K in 2022. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 139%.
| Export of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 161 | 136 | 134 | 179 | 3.6% |
| Singapore | 76.3 | 95.5 | 198 | 177 | 32.4% |
| United States | N/A | N/A | N/A | 56.2 | 0% |
| China | 604 | 114 | 488 | 5.9 | -78.6% |
| Others | 8.8 | 1.6 | 8.1 | 4.5 | -20.0% |
| Total | 850 | 347 | 829 | 423 | -20.8% |
Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from Hong Kong SAR in 2022:
- Singapore (11.1 tons)
- United States (8.6 tons)
- Macao SAR (6.2 tons)
- China (0.2 tons)
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