Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR - 2023

Contents:

1. Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR (CIF) - 2023
2. Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR (FOB) - 2022
3. Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR
4. Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR

Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $4,204 per ton, increasing by 19% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 23% month-to-month. As a result, import price reached the peak level of $4,846 per ton. From January 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($8,987 per ton), while the price for Indonesia ($1,577 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 Japan (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $2,015 per ton, reducing by -35.9% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2014 an increase of 76%. The export price peaked at $3,654 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($3,221 per ton), while the average price for exports to Thailand totaled $1,138 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR

In 2022, overseas purchases of leguminous vegetables; shelled or unshelled, fresh or chilleds decreased by -34.2% to 662 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 30% against the previous year.

In value terms, imports of leguminous vegetables; shelled or unshelled, fresh or chilleds reduced to $2.6M in 2022. Over the period under review, imports continue to indicate a mild descent. The growth pace was the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of $2.8M, and then shrank in the following year.

Top Suppliers of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled to Hong Kong SAR in 2022:

1. Kenya (263.1 tons)
2. India (186.0 tons)
3. Taiwan (Chinese) (56.8 tons)
4. Indonesia (44.8 tons)
5. China (35.0 tons)
6. Japan (32.8 tons)
7. South Africa (24.9 tons)
8. Australia (8.6 tons)

Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Hong Kong SAR

Exports of leguminous vegetables; shelled or unshelled, fresh or chilleds from Hong Kong SAR surged to 18 tons in 2022, picking up by 115% compared with the previous year's figure. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds soared to $37K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled from Hong Kong SAR in 2022:

1. Thailand (10.7 tons)
2. Macao SAR (7.8 tons)

Source: IndexBox Market Intelligence Platform