Note: This report includes forecasting data that is based on baseline historical data.
Report content summary
A competitive trade analysis (CTA) is intended to examine major competitors and determine where a company or country compares within an industry or sector.
This CTA highlights fish and seafood trade in Hong Kong/Macao (HK/MC) and identifies the opportunities and potential growth areas for Canadian exporters.
Included are the top ten fish and seafood imports into HK/MC. Throughout the report, a series of supply gap analysis demonstrate the areas for potential growth in Canadian exports to HK/MC.
Hong Kong/Macao market summary
HK/MC combined is the twelfth largest importer of fish and seafood products in the world with imports of Can$5.9 billion in 2023. Canada's share was 2.9% or Can$172 million.
HK/MC import virtually all fish and seafood products, which increased by 3.9% annually over 2019 to 2023. In 2023, Canada had a fish and seafood trade surplus of Can$118.8 million with HK/MC. HK/MC's fish and seafood imports from Canada have been increasing at a slower rate to China's imports from the world.
In 2023, the top five fish and seafood suppliers to HK/MC accounted for Can$10.8 billion or 55.8% of total fish and seafood imports. The top five imports to HK/MC over 2019 to 2023 were fish heads, tails and maws, live fish, processed frozen shrimp, and processed sea cucumber. Top imports from Canada were live eel, lobster, prepared lobster, molluscs, oysters, and scallops.
Trade overview
Hong Kong/Macao (HK/MC) import virtually all fish and seafood products, which increased by 3.9% annually over 2019-23. HK/MC's top fish and seafood imports in 2023 were fish heads, tails and maws, live fish, processed frozen shrimp, and processed sea cucumber. Key supplying countries were China, Japan, Vietnam, and Brazil.
The top five fish and seafood suppliers to HK/MC accounted for Can$10.8 billion or 55.8% of total imports in 2023. Canada has been a steady supplier of fish and seafood to HK/MC over the past several years. Imports from Canada increased by 1.2% annually over 2019-23 to a market share of 2.9% in 2023. Canada ranks 9th among 173 supplying countries to HK/MC of fish and seafood products. In 2023, Canada had an fish and seafood trade surplus of Can$118.8 million with HK/MC.
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 5,033.5 | 4,331.7 | 4,938.5 | 5,276.4 | 5,871.7 | 3.9 |
| China | 1,457.0 | 1,477.2 | 1,716.2 | 1,667.9 | 1,711.6 | 4.1 |
| Japan | 705.8 | 646.4 | 679.5 | 687.3 | 700.1 | −0.2 |
| Viet-Nam | 230.9 | 176.7 | 185.1 | 232.7 | 296.9 | 6.5 |
| Brazil | 158.0 | 150.7 | 149.0 | 219.6 | 293.6 | 16.8 |
| Australia | 140.5 | 111.9 | 247.1 | 209.7 | 273.9 | 18.2 |
| Norway | 184.9 | 157.3 | 189.1 | 223.4 | 243.7 | 7.1 |
| Taiwan | 112.5 | 110.2 | 120.2 | 138.5 | 213.7 | 17.4 |
| Indonesia | 131.5 | 112.2 | 123.0 | 163.8 | 202.0 | 11.3 |
| Canada | 163.8 | 100.5 | 111.1 | 155.9 | 171.6 | 1.2 |
| United States | 180.1 | 117.0 | 123.9 | 122.2 | 143.2 | −5.6 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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Canada's import supply gap to HK/MC of its top ten fish and seafood imports is high due to competitors' advantages in most of these products. Canada is competitive in cold water shrimps, processed scallops, and processed frozen shrimp, as the 8th, 10th, and 11th largest supplier respectfully. HK/MC cold water shrimp imports from Canada have increased 43.0% annually over 2019-23, followed by processed frozen shrimps (10.5%). Other fast growing imports include fish heads, tails, and maws (44.6%) and fish parts for medical products (14.3%). Top imports from Canada were live eel, lobster, prepared lobster, molluscs, oysters, and scallops.
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| China | 29.0 | 34.1 | 34.8 | 31.6 | 29.2 | 0.2 |
| Japan | 14.0 | 14.9 | 13.8 | 13.0 | 11.9 | −2.1 |
| Viet-Nam | 4.6 | 4.1 | 3.8 | 4.4 | 5.1 | 0.5 |
| Brazil | 3.1 | 3.5 | 3.0 | 4.2 | 5.0 | 1.9 |
| Australia | 2.8 | 2.6 | 5.0 | 4.0 | 4.7 | 1.9 |
| Norway | 3.7 | 3.6 | 3.8 | 4.2 | 4.2 | 0.5 |
| Taiwan | 2.2 | 2.5 | 2.4 | 2.6 | 3.6 | 1.4 |
| Indonesia | 2.6 | 2.6 | 2.5 | 3.1 | 3.4 | 0.8 |
| Canada | 3.3 | 2.3 | 2.3 | 3.0 | 2.9 | −0.4 |
| United States | 3.6 | 2.7 | 2.5 | 2.3 | 2.4 | −1.2 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 5,033.5 | 4,331.7 | 4,938.5 | 5,276.4 | 5,871.7 | 3.9 |
| Imports from Canada | 163.8 | 100.5 | 111.1 | 155.9 | 171.6 | 1.2 |
| Supply gap | 4,869.7 | 4,231.2 | 4,827.4 | 5,120.5 | 5,700.1 | 4.0 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| HS code | Commodity | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|---|
| Total imports | 5,033.5 | 4,331.7 | 4,938.5 | 5,276.4 | 5,871.7 | 3.9 | |
| 030572 | Fish heads, tails and maws | 436.4 | 386.0 | 352.9 | 577.3 | 562.6 | 6.6 |
| 030199 | Live fish | 194.2 | 163.7 | 325.7 | 318.3 | 377.6 | 18.1 |
| 030617 | Processed frozen shrimp | 430.0 | 333.9 | 368.5 | 324.7 | 365.3 | −4.0 |
| 030819 | Processed sea cucumbers | 268.2 | 213.7 | 253.9 | 309.3 | 352.8 | 7.1 |
| 030289 | Fresh or chilled fish, nowhere else specified | 201.5 | 230.9 | 291.4 | 349.0 | 340.0 | 14.0 |
| 051000 | Fish parts used in medical products | 132.1 | 151.7 | 175.2 | 194.6 | 315.6 | 24.3 |
| 030571 | Shark fins | 135.8 | 92.5 | 118.2 | 114.1 | 244.0 | 15.8 |
| 030636 | Cold-water shrimps | 90.5 | 126.3 | 142.5 | 145.8 | 169.8 | 17.0 |
| 030214 | Atlantic salmon | 126.0 | 102.1 | 130.5 | 153.5 | 162.0 | 6.5 |
| 030729 | Processed scallops | 182.9 | 125.6 | 117.6 | 125.3 | 153.1 | −4.4 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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Top 10 fish and seafood imports
1. Fish heads, tails and maws (HS 030572)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 436.4 | 386.0 | 352.9 | 577.3 | 562.6 | 6.6 |
| Uganda | 75.4 | 82.2 | 59.8 | 89.7 | 103.2 | 8.2 |
| Tanzania | 75.2 | 80.1 | 82.4 | 109.4 | 95.2 | 6.1 |
| Brazil | 87.9 | 68.5 | 43.3 | 88.4 | 87.2 | −0.2 |
| Indonesia | 5.9 | 6.6 | 5.5 | 45.2 | 49.3 | 70.4 |
| India | 41.8 | 46.1 | 47.0 | 46.6 | 37.9 | −2.4 |
| Viet-Nam | 16.2 | 16.6 | 11.5 | 23.2 | 31.9 | 18.4 |
| China | 26.5 | 15.0 | 19.7 | 42.0 | 23.2 | −3.3 |
| Myanmar | 1.4 | 0.0 | 4.4 | 6.9 | 14.8 | 78.8 |
| Suriname | 6.4 | 6.8 | 4.5 | 14.4 | 12.6 | 18.3 |
| Ecuador | 3.4 | 3.6 | 3.9 | 10.9 | 12.4 | 37.9 |
| Canada (80th) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 44.6 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| Uganda | 17.2 | 21.3 | 16.9 | 15.5 | 18.4 | 1.2 |
| Tanzania | 17.2 | 20.8 | 23.3 | 18.9 | 17.0 | −0.2 |
| Brazil | 20.1 | 17.8 | 12.3 | 15.4 | 15.5 | −4.6 |
| Indonesia | 1.3 | 1.7 | 1.5 | 7.9 | 8.7 | 7.4 |
| India | 9.6 | 11.9 | 13.3 | 8.1 | 6.8 | −2.8 |
| Viet-Nam | 3.7 | 4.3 | 3.3 | 4.0 | 5.7 | 2.0 |
| China | 6.1 | 3.9 | 5.7 | 7.3 | 4.1 | −2.0 |
| Myanmar | 0.3 | 0.0 | 1.3 | 1.2 | 2.6 | 2.3 |
| Suriname | 1.5 | 1.8 | 1.3 | 2.5 | 2.2 | 0.7 |
| Ecuador | 0.8 | 0.9 | 1.1 | 1.9 | 2.2 | 1.4 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 436.4 | 386.0 | 352.9 | 577.3 | 562.6 | 6.6 |
| Imports from Canada | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 44.6 |
| Supply gap | 436.4 | 385.9 | 352.9 | 577.3 | 562.6 | 6.6 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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2. Live fish (HS030199)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 194.2 | 163.7 | 325.7 | 318.3 | 377.6 | 18.1 |
| China | 61.9 | 110.3 | 271.4 | 249.3 | 244.1 | 40.9 |
| Taiwan | 21.7 | 8.6 | 4.9 | 23.8 | 84.4 | 40.4 |
| Philippines | 40.3 | 16.1 | 18.6 | 21.2 | 27.6 | −9.0 |
| Thailand | 7.5 | 2.4 | 2.8 | 5.3 | 5.4 | −8.0 |
| Indonesia | 30.9 | 13.0 | 11.1 | 5.0 | 5.0 | −36.5 |
| Maldives | 4.3 | 2.1 | 4.2 | 3.2 | 2.5 | −12.6 |
| Malaysia | 8.9 | 3.3 | 2.9 | 2.2 | 2.5 | −27.5 |
| Hong Kong | 4.1 | 1.9 | 3.5 | 1.8 | 2.3 | −13.5 |
| Japan | 0.1 | 0.0 | 0.1 | 2.5 | 2.1 | 95.7 |
| Australia | 12.4 | 2.2 | 3.0 | 3.4 | 0.9 | −47.8 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| China | 31.9 | 67.1 | 83.3 | 78.3 | 64.7 | 32.8 |
| Taiwan | 11.2 | 5.3 | 1.5 | 7.5 | 22.4 | 11.2 |
| Philippines | 20.8 | 9.9 | 5.7 | 6.7 | 7.3 | −13.5 |
| Thailand | 3.9 | 1.5 | 0.9 | 1.7 | 1.4 | −2.5 |
| Indonesia | 15.9 | 8.0 | 3.4 | 1.5 | 1.3 | −14.6 |
| Maldives | 2.2 | 1.3 | 1.3 | 1.0 | 0.7 | −1.5 |
| Malaysia | 4.6 | 2.0 | 0.9 | 0.7 | 0.7 | −3.9 |
| Hong Kong | 2.1 | 1.2 | 1.1 | 0.6 | 0.6 | −1.5 |
| Japan | 0.1 | 0.0 | 0.0 | 0.8 | 0.6 | 0.5 |
| Australia | 6.4 | 1.4 | 1.0 | 1.1 | 0.3 | −6.1 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 194.2 | 163.7 | 325.7 | 318.3 | 377.6 | 18.1 |
| Imports from Canada | 0 | 0 | 0 | 0 | 0 | |
| Supply gap | 2,312.2 | 2,127.5 | 2,889.9 | 2,894.5 | 2,624.6 | 18.1 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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3. Processed frozen shrimp (HS 030617)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 430.0 | 333.9 | 368.5 | 324.7 | 365.3 | −4.0 |
| China | 205.2 | 155.6 | 170.6 | 113.6 | 141.4 | −8.9 |
| Viet-Nam | 114.1 | 83.5 | 89.0 | 93.1 | 107.8 | −1.4 |
| India | 17.4 | 13.9 | 20.7 | 29.0 | 37.5 | 21.2 |
| Myanmar | 22.7 | 11.5 | 12.3 | 12.7 | 13.5 | −12.2 |
| Indonesia | 11.7 | 10.4 | 10.6 | 12.0 | 9.9 | −3.9 |
| Thailand | 11.5 | 10.1 | 12.8 | 10.1 | 9.3 | −5.2 |
| Argentina | 5.3 | 5.1 | 7.0 | 7.8 | 8.6 | 12.6 |
| Australia | 9.5 | 17.5 | 21.2 | 10.9 | 7.7 | −5.1 |
| Japan | 4.8 | 5.6 | 5.5 | 8.2 | 7.3 | 10.9 |
| Malaysia | 11.1 | 4.4 | 6.5 | 5.9 | 4.9 | −18.6 |
| Canada (11th) | 3.1 | 2.7 | 2.8 | 2.9 | 4.7 | 10.5 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| China | 47.7 | 46.6 | 46.3 | 34.9 | 38.7 | −9.0 |
| Viet-Nam | 26.5 | 25.0 | 24.1 | 28.7 | 29.5 | 3.0 |
| India | 4.0 | 4.2 | 5.6 | 8.9 | 10.3 | 6.3 |
| Myanmar | 5.3 | 3.5 | 3.4 | 3.9 | 3.7 | −1.6 |
| Indonesia | 2.7 | 3.1 | 2.9 | 3.7 | 2.7 | 0.0 |
| Thailand | 2.7 | 3.0 | 3.5 | 3.1 | 2.5 | −0.2 |
| Argentina | 1.2 | 1.5 | 1.9 | 2.4 | 2.3 | 1.1 |
| Australia | 2.2 | 5.2 | 5.7 | 3.3 | 2.1 | −0.1 |
| Japan | 1.1 | 1.7 | 1.5 | 2.5 | 2.0 | 0.9 |
| Malaysia | 2.6 | 1.3 | 1.7 | 1.8 | 1.3 | −1.3 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 430.0 | 333.9 | 368.5 | 324.7 | 365.3 | −4.0 |
| Imports from Canada | 3.1 | 2.7 | 2.8 | 2.9 | 4.7 | 10.5 |
| Supply gap | 426.9 | 331.2 | 365.7 | 321.8 | 360.6 | −4.1 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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4. Processed sea cucumbers (HS030819)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 268.2 | 213.7 | 253.9 | 309.3 | 352.8 | 7.1 |
| Japan | 128.0 | 99.8 | 116.1 | 114.7 | 107.8 | −4.2 |
| Nicaragua | 9.8 | 6.6 | 12.5 | 20.9 | 27.7 | 29.6 |
| Indonesia | 0.8 | 1.5 | 3.1 | 19.7 | 27.1 | 139.3 |
| Sri Lanka | 12.4 | 10.6 | 13.8 | 18.3 | 26.8 | 21.3 |
| Turkey | 8.7 | 6.2 | 9.2 | 12.4 | 19.7 | 22.8 |
| Taiwan | 0.1 | 17.5 | 18.9 | 18.6 | 13.9 | 242.5 |
| Australia | 16.7 | 15.5 | 12.9 | 13.4 | 13.8 | −4.6 |
| Yemen | 11.0 | 11.2 | 8.1 | 11.2 | 13.8 | 5.8 |
| Honduras | 6.7 | 3.3 | 4.4 | 7.0 | 11.7 | 14.8 |
| Greece | 3.1 | 1.5 | 3.4 | 5.1 | 9.1 | 31.2 |
| Canada (42nd) | 2.2 | 1.7 | 0.5 | 0.6 | 0.6 | −28.5 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| Japan | 47.7 | 46.8 | 45.71 | 37.0 | 30.6 | −17.1 |
| Nicaragua | 3.7 | 3.1 | 4.92 | 6.8 | 7.9 | 4.2 |
| Indonesia | 0.3 | 0.7 | 1.25 | 6.4 | 7.7 | 7.4 |
| Sri Lanka | 4.6 | 4.9 | 5.47 | 5.9 | 7.6 | 3.0 |
| Turkey | 3.2 | 2.9 | 3.60 | 4.0 | 5.6 | 2.4 |
| Taiwan | 0.0 | 8.1 | 7.44 | 6.0 | 4.0 | 4.0 |
| Australia | 6.3 | 7.3 | 5.12 | 4.3 | 3.9 | −2.4 |
| Yemen | 4.1 | 5.2 | 3.22 | 3.6 | 3.9 | −0.2 |
| Honduras | 2.5 | 1.5 | 1.74 | 2.3 | 3.3 | 0.8 |
| Greece | 1.1 | 0.7 | 1.35 | 1.7 | 2.6 | 1.5 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 268.2 | 213.7 | 253.9 | 309.3 | 352.8 | 7.1 |
| Imports from Canada | 2.2 | 1.7 | 0.5 | 0.6 | 0.6 | −28.5 |
| Supply gap | 266.0 | 212.0 | 253.4 | 308.7 | 352.2 | 7.3 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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5. Fresh or chilled fish, nowhere else specified (HS030289)
| Country | 2015 | 2016 | 2017 | 2018 | 2019 | CAGR* % 2015-2019 |
|---|---|---|---|---|---|---|
| World | 201.5 | 230.9 | 291.4 | 349.0 | 340.0 | 14.0 |
| China | 91.5 | 121.1 | 154.2 | 217.0 | 201.4 | 21.8 |
| Japan | 50.3 | 43.3 | 66.4 | 67.0 | 65.0 | 6.6 |
| Taiwan | 18.9 | 16.9 | 13.7 | 17.3 | 27.8 | 10.1 |
| Thailand | 13.0 | 12.3 | 15.5 | 11.4 | 16.4 | 6.0 |
| Malaysia | 5.4 | 6.8 | 8.8 | 6.6 | 6.8 | 6.0 |
| Indonesia | 5.4 | 15.9 | 15.1 | 12.2 | 6.4 | 4.2 |
| Norway | 3.4 | 3.3 | 5.1 | 5.4 | 3.8 | 2.9 |
| Bangladesh | 1.5 | 2.3 | 3.8 | 2.8 | 2.4 | 13.0 |
| France | 0.9 | 0.8 | 1.5 | 1.4 | 2.4 | 27.2 |
| Maldives | 2.4 | 3.4 | 3.8 | 2.9 | 2.0 | −4.8 |
| Canada (46th) | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | −49.8 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| China | 45.4 | 52.5 | 52.9 | 62.2 | 59.22 | 13.8 |
| Japan | 25.0 | 18.8 | 22.8 | 19.2 | 19.11 | −5.9 |
| Taiwan | 9.4 | 7.3 | 4.7 | 5.0 | 8.16 | −1.2 |
| Thailand | 6.5 | 5.4 | 5.3 | 3.3 | 4.82 | −1.7 |
| Malaysia | 2.7 | 3.0 | 3.0 | 1.9 | 1.99 | −0.7 |
| Indonesia | 2.7 | 6.9 | 5.2 | 3.5 | 1.87 | −0.8 |
| Norway | 1.7 | 1.4 | 1.8 | 1.5 | 1.11 | −0.6 |
| Bangladesh | 0.7 | 1.0 | 1.3 | 0.8 | 0.71 | 0.0 |
| France | 0.5 | 0.3 | 0.5 | 0.4 | 0.70 | 0.2 |
| Maldives | 1.2 | 1.5 | 1.3 | 0.8 | 0.59 | −0.6 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 201.5 | 230.9 | 291.4 | 349.0 | 340.0 | 14.0 |
| Imports from Canada | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | −49.8 |
| Supply gap | 201.2 | 230.8 | 291.4 | 349.0 | 340.0 | 14.0 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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6. Fish parts used in medical products (HS051000)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 132.1 | 151.7 | 175.2 | 194.6 | 315.6 | 24.3 |
| Brazil | 64.7 | 74.9 | 101.4 | 125.6 | 199.8 | 32.5 |
| Australia | 3.3 | 7.0 | 7.8 | 7.3 | 21.4 | 60.0 |
| Colombia | 8.4 | 7.3 | 6.4 | 9.0 | 19.1 | 22.7 |
| Argentina | 8.2 | 6.3 | 10.3 | 9.9 | 18.3 | 22.3 |
| United States | 2.4 | 3.0 | 3.3 | 5.6 | 13.1 | 52.3 |
| Paraguay | 0.0 | 0.3 | 0.1 | 1.5 | 7.2 | 441.6 |
| New Zealand | 5.7 | 4.5 | 5.9 | 6.3 | 6.5 | 3.4 |
| Russia | 14.0 | 20.6 | 17.5 | 4.0 | 6.5 | −17.6 |
| China | 7.0 | 4.8 | 5.6 | 4.6 | 5.6 | −5.7 |
| Germany | 3.4 | 3.4 | 1.1 | 1.9 | 2.7 | −5.8 |
| Canada (62nd) | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 14.3 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| Brazil | 49.0 | 49.4 | 57.9 | 64.5 | 63.3 | 14.3 |
| Australia | 2.5 | 4.6 | 4.4 | 3.7 | 6.8 | 4.3 |
| Colombia | 6.4 | 4.8 | 3.7 | 4.6 | 6.1 | −0.3 |
| Argentina | 6.2 | 4.1 | 5.9 | 5.1 | 5.8 | −0.4 |
| United States | 1.8 | 2.0 | 1.9 | 2.9 | 4.1 | 2.3 |
| Paraguay | 0.0 | 0.2 | 0.0 | 0.8 | 2.3 | 2.3 |
| New Zealand | 4.3 | 2.9 | 3.4 | 3.2 | 2.1 | −2.2 |
| Russia | 10.6 | 13.6 | 10.0 | 2.1 | 2.1 | −8.5 |
| China | 5.3 | 3.2 | 3.2 | 2.4 | 1.8 | −3.5 |
| Germany | 2.6 | 2.2 | 0.6 | 1.0 | 0.9 | −1.7 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
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| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 132.1 | 151.7 | 175.2 | 194.6 | 315.6 | 24.3 |
| Imports from Canada | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 14.3 |
| Supply gap | 132.1 | 151.6 | 175.1 | 194.6 | 315.6 | 24.3 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
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7. Shark fins (HS030571)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 135.8 | 92.5 | 118.2 | 114.1 | 244.0 | 15.8 |
| Viet-Nam | 0.0 | 0.0 | 0.0 | 0.5 | 44.9 | |
| Indonesia | 26.3 | 20.9 | 32.2 | 29.4 | 39.2 | 10.4 |
| Somalia | 1.7 | 1.4 | 1.7 | 3.9 | 23.9 | 92.4 |
| Mexico | 11.0 | 7.8 | 12.8 | 10.2 | 16.9 | 11.3 |
| Peru | 13.2 | 11.4 | 12.7 | 9.1 | 16.3 | 5.4 |
| Guinea | 0.2 | 0.3 | 0.3 | 3.1 | 13.5 | 190.1 |
| Yemen | 3.8 | 2.7 | 2.4 | 7.3 | 11.2 | 31.1 |
| Oman | 1.6 | 1.4 | 4.3 | 2.5 | 9.3 | 54.1 |
| Singapore | 3.5 | 1.3 | 5.4 | 9.8 | 9.2 | 27.1 |
| Taiwan | 2.6 | 1.3 | 6.6 | 3.5 | 8.9 | 35.5 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| Viet-Nam | 0.0 | 0.0 | 0.0 | 0.4 | 18.4 | 18.4 |
| Indonesia | 19.4 | 22.6 | 27.3 | 25.7 | 16.1 | −3.3 |
| Somalia | 1.3 | 1.5 | 1.4 | 3.4 | 9.8 | 8.5 |
| Mexico | 8.1 | 8.5 | 10.8 | 9.0 | 6.9 | −1.2 |
| Peru | 9.8 | 12.3 | 10.7 | 8.0 | 6.7 | −3.1 |
| Guinea | 0.1 | 0.3 | 0.3 | 2.7 | 5.6 | 5.5 |
| Yemen | 2.8 | 2.9 | 2.0 | 6.4 | 4.6 | 1.8 |
| Oman | 1.2 | 1.5 | 3.6 | 2.2 | 3.8 | 2.6 |
| Singapore | 2.6 | 1.4 | 4.6 | 8.6 | 3.8 | 1.2 |
| Taiwan | 2.0 | 1.4 | 5.6 | 3.1 | 3.7 | 1.7 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
||||||
| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 135.8 | 92.5 | 118.2 | 114.1 | 244.0 | 15.8 |
| Imports from Canada | 0 | 0 | 0 | 0 | 0 | |
| Supply gap | 135.8 | 92.5 | 118.2 | 114.1 | 244.0 | 15.8 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
8. Cold water shrimps (HS 030636)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 90.5 | 126.3 | 142.5 | 145.8 | 169.8 | 17.0 |
| China | 51.9 | 104.4 | 113.7 | 110.7 | 137.8 | 27.6 |
| Thailand | 30.2 | 12.1 | 14.0 | 23.5 | 26.9 | −2.8 |
| Viet-Nam | 0.8 | 2.1 | 5.0 | 6.7 | 3.3 | 41.8 |
| Japan | 0.5 | 0.6 | 0.9 | 2.4 | 0.8 | 9.9 |
| Malaysia | 0.8 | 0.4 | 0.4 | 0.9 | 0.5 | −10.4 |
| Taiwan | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 13.6 |
| United States | 6.0 | 6.5 | 8.2 | 0.6 | 0.1 | −67.5 |
| Canada | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 43.0 |
| Mexico | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26.7 |
| Russia | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| China | 57.4 | 82.7 | 79.8 | 75.9 | 81.1 | 23.7 |
| Thailand | 33.3 | 9.6 | 9.8 | 16.1 | 15.9 | −17.4 |
| Viet-Nam | 0.9 | 1.7 | 3.5 | 4.6 | 2.0 | 1.1 |
| Japan | 0.6 | 0.5 | 0.7 | 1.6 | 0.5 | −0.1 |
| Malaysia | 0.9 | 0.3 | 0.3 | 0.6 | 0.3 | −0.6 |
| Taiwan | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.0 |
| United States | 6.6 | 5.1 | 5.7 | 0.4 | 0.0 | −6.6 |
| Canada | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | 0.0 |
| Mexico | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Russia | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
||||||
| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 90.5 | 126.3 | 142.5 | 145.8 | 169.8 | 17.0 |
| Imports from Canada | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 43.0 |
| Supply gap | 90.5 | 126.3 | 142.4 | 145.6 | 169.7 | 17.0 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
9. Atlantic salmon (HS030214)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 126.0 | 102.1 | 130.5 | 153.5 | 162.0 | 6.5 |
| Norway | 123.0 | 100.6 | 129.1 | 152.9 | 161.7 | 7.1 |
| United Kingdom | 0.8 | 0.5 | 0.6 | 0.3 | 0.2 | −30.4 |
| France | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | −17.0 |
| Japan | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| United States | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Netherlands | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | −66.1 |
| Chile | 0.9 | 0.2 | 0.2 | 0.0 | 0.0 | −79.1 |
| Spain | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −40.3 |
| Iceland | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −74.4 |
| Taiwan | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Canada (18th) | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | −61.7 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| Norway | 97.6 | 98.6 | 98.9 | 99.6 | 99.8 | 2.2 |
| United Kingdom | 0.6 | 0.5 | 0.5 | 0.2 | 0.1 | −0.5 |
| France | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 |
| Japan | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| United States | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Netherlands | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | −0.3 |
| Chile | 0.7 | 0.2 | 0.1 | 0.0 | 0.0 | −0.7 |
| Spain | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Iceland | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Taiwan | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
||||||
| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 126.0 | 102.1 | 130.5 | 153.5 | 162.0 | 6.5 |
| Imports from Canada | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | −61.7 |
| Supply gap | 125.7 | 101.9 | 130.5 | 153.5 | 162.0 | 6.5 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
10. Processed scallops (HS030729)
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| World | 182.9 | 125.6 | 117.6 | 125.3 | 153.1 | −4.4 |
| Japan | 159.9 | 113.1 | 107.4 | 114.3 | 146.4 | −2.2 |
| China | 20.8 | 11.4 | 9.9 | 11.1 | 6.4 | −25.5 |
| Taiwan | 1.1 | 0.0 | 0.0 | 0.0 | 0.2 | −33.8 |
| Indonesia | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Australia | 1.0 | 0.4 | 0.3 | 0.0 | 0.0 | −59.6 |
| Malaysia | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Thailand | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Singapore | 0.0 | 0.7 | 0.0 | 0.0 | 0.0 | −99.3 |
| South Korea | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −44.4 |
| Canada | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | −99.2 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
| Country | 2019 | 2020 | 2021 | 2022 | 2023 | Percent Point* change 2019-2023 |
|---|---|---|---|---|---|---|
| Japan | 87.4 | 90.1 | 91.3 | 91.2 | 95.7 | 8.3 |
| China | 11.4 | 9.1 | 8.4 | 8.8 | 4.2 | −7.2 |
| Taiwan | 0.6 | 0.0 | 0.0 | 0.0 | 0.1 | −0.5 |
| Indonesia | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Australia | 0.5 | 0.3 | 0.3 | 0.0 | 0.0 | −0.5 |
| Malaysia | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Thailand | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Singapore | 0.0 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 |
| South Korea | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Canada | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | −0.1 |
|
Source: Global Trade Tracker, 2024 *Percent Point change: difference between 2023 and 2019 values |
||||||
| Category | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR* % 2019-2023 |
|---|---|---|---|---|---|---|
| Imports from the World | 182.9 | 125.6 | 117.6 | 125.3 | 153.1 | −4.4 |
| Imports from Canada | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | −99.2 |
| Supply gap | 182.7 | 125.6 | 117.6 | 125.3 | 153.1 | −4.3 |
|
Source: Global Trade Tracker, 2024 *CAGR: Compound Annual Growth Rate |
||||||
For more information
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Resources
- Global Trade Tracker, 2024
Competitive Trade Analysis – Fish and seafood trends in Hong Kong and Macao
Global Analysis Report
Prepared by: Kris Clipsham, Market Analyst
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