Hong Kong SAR, China: Preserved Herring Market 2024

Preserved Herring Market Size in Hong Kong SAR, China

The Hong Kong preserved herring market declined to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Preserved herring consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Preserved Herring Production in Hong Kong SAR, China

In value terms, preserved herring production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Preserved herring production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of herrings (prepared or preserved) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, preserved herring exports surged to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for preserved herring exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, preserved herring exports to Panama exceeded the volume sent to the second major destination, South Africa (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Singapore (X% per year).

In value terms, the largest markets for preserved herring exported from Hong Kong SAR were Panama ($X), Singapore ($X) and South Africa ($X), together accounting for X% of total exports.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average preserved herring export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2013; however, from 2014 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 Singapore ($X per ton), while the average price for exports to South Africa ($X 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 South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Herring Imports

Imports into Hong Kong SAR, China

Preserved herring imports into Hong Kong SAR declined slightly to X tons in 2022, standing approx. at 2021 figures. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved herring imports shrank dramatically to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of preserved herring to Hong Kong SAR, with a X% share of total imports. Moreover, preserved herring imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the UK (X% per year).

In value terms, Japan ($X), Germany ($X) and the UK ($X) were the largest preserved herring suppliers to Hong Kong SAR.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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