What is the price of shark fins per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong shark fins is between US$ 4.05 and US$ 21.37 per kilogram or between US$ 1.84 and US$ 9.69 per pound(lb). Click here to see today's exact prices of shark fins in Hong Kong
The retail price range in Hong Kong Dollar for shark fins is between HKD 31.68 and HKD 167.03 per kilogram or between HKD 14.37 and HKD 75.75 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong shark fins is between US$ 2.84 and US$ 14.96 per kilogram or between US$ 1.29 and US$ 6.78 per pound(lb).
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Hong Kong Shark Fins Export Prices - Historical, Trends and Prediction
The export price of Shark Fins from Hong Kong has seen a steady increase over the past five years. In 2019, the export price per kilogram was $1.45, which increased to $1.60 in 2020. This was followed by a slight dip in 2021 to $1.55, before increasing again to $1.60 in 2022. Looking ahead, the export price is expected to continue to rise, with an estimated price of $1.65 in 2023 and $1.70 in 2024. This trend indicates that the export price of Shark Fins from Hong Kong is likely to remain strong in the coming years.Hong Kong Shark Fins Import Prices - Historical, Trends and Prediction
The import price of Shark Fins into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $1.20, which increased to $1.50 in 2019. In 2020, the price rose to $1.80, and in 2021 it further increased to $2.10. The most recent data shows that the import price per kilogram of Shark Fins into Hong Kong was $2.40 in 2022. Overall, the import price of Shark Fins into Hong Kong has increased by 100% over the past five years. This trend is likely to continue in the coming years, and it is expected that the import price per kilogram of Shark Fins into Hong Kong will reach $2.70 in 2023 and $3.00 in 2024.Export values for Hong Kong shark fins
The total values in export for shark fins in Hong Kong were US$ 19,981, US$ 41,513, US$ 47,253 and US$ 36,065 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in Hong Kong: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
See prices of shark fins in other countries across Asia: Kazakhstan shark fins, Kyrgyzstan shark fins, Tajikistan shark fins, Turkmenistan shark fins, Uzbekistan shark fins, China shark fins, Hong Kong shark fins, Macao shark fins, North Korea shark fins & Mongolia shark fins.
Hong Kong shark fins - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 1,648 tonnes of shark fins. For the year 2019 alone, the demand for Hong Kong shark fins (fish category) has shrunk, with a change of -85.534 percent compared to the year 2018. Between 2017 and 2019, shark fins' exports went down by -23.81% earning the nation US$36.06m for the year 2019. Hong Kong's shark fins exports are categorised as:
- Frozen shark fins (HS code 030392)
- Shark fins, smoked, dried, salted or in brine (HS code 030571)
- Fresh or chilled shark fins (HS code 030292)
- Frozen fish fins, heads, tails, maws and other edible fish offal (excl. livers, roes, milt and shark fins) (HS code 030399)
- Prepared or preserved shark fins, whole or in pieces (excl. minced) (HS code 160418)
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Hong Kong shark fins export values
In 2019, Hong Kong supplied shark fins valued at 36.06m USD, a contraction of -23.69% from 2018's total shark fins export of 47.253m USD. The yearly change in value of Hong Kong shark fins between 2017 to 2018 was 13.827%.
The per year change in the quantity of Hong Kong's shark fins exports between 2017 and 2019 was -23.81 per cent compared to a variation of -85.534% in the period between 2018 and 2019.
Hong Kong's share of the world's total shark fins' exports in 2019 was less than 1%. The country is ranked position 9 in world exports of shark fins.
Export markets for Hong Kong shark fins ( in '000$ )
Import/Export Trends
Hong Kong is a net exporter of shark fins. The annual growth of Hong Kong shark fins in value between 2015 to 2019 was 121%, per year, while annual growth in quantity during the same period was 87%, per annum.
Hong Kong brought in 3,770 tonnes of shark fins in 2019.