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The Trade in Live Reef Foodfish

A Hong Kong Perspective

Document format: pdf

Publisher: Network of Aquaculture Centres in Asia-Pacific

Creation date: March 2002

In 1999, a total volume of 14,000 metric tons (mt) of live reef food fishes was imported into Hong Kong China according to the official government import figures from the Census and Statistic Department (CSD) and the Agriculture, Fisheries and Conservation Department (AFCD). However, this figure looks to have been underestimated because local fishing vessels are exempt from making trade declarations required by the CSD. The actual amount of live reef fish imported annually has been estimated at around 30,000 to 35,000 mt1 (with a total wholesale value of US$490 million). Despite the enormous volume and monetary value, the trade is not well understood and what little information is available is out of date, particularly since fish prices from 1997 or before are still being quoted. In fact, fish prices tumbled by nearly 50 percent following the onset of the 1997 Asian financial crisis. The objectives of this article are twofold. The first is to determine the values of imports, and countries of origin, of live reef food fish into HK in 1999 till August 2000 by compiling government statistics. The second was to investigate the wholesale and retail prices of 10 common species by monthly market and restaurant surveys.

Key Words: NACA • Hong Kong • Live Reef Food Fish • Reef Fish • FAO