Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR (FOB) - 2023
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,097 per ton in November 2023, shrinking by -2.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 28% against the previous month. As a result, import price attained the peak level of $3,487 per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($5,917 per ton), while the price for France ($1,914 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 China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,956 per ton in November 2023, with an increase of 76% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $3,706 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In November 2023, the country with the highest price was China ($3,617 per ton), while the average price for exports to Macao SAR ($2,664 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR
In 2022, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -6.6% to 31K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports reached the peak of 33K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses amounted to $91M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of $91M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.6 | 38.2 | 34.7 | 31.0 | -2.6% |
| Australia | 6.8 | 9.3 | 16.8 | 25.1 | 54.5% |
| Japan | 8.3 | 9.4 | 10.1 | 9.6 | 5.0% |
| Taiwan (Chinese) | 2.1 | 3.2 | 4.8 | 5.7 | 39.5% |
| South Korea | 1.8 | 3.6 | 4.7 | 5.3 | 43.3% |
| Malaysia | 11.0 | 10.8 | 5.0 | 4.1 | -28.0% |
| United States | 9.7 | 10.4 | 6.7 | 2.9 | -33.1% |
| France | 0.8 | 0.8 | 2.0 | 2.5 | 46.2% |
| Thailand | 1.6 | 2.4 | 2.7 | 2.2 | 11.2% |
| Others | 2.1 | 2.8 | 2.4 | 2.5 | 6.0% |
| Total | 77.8 | 91.0 | 89.9 | 90.8 | 5.3% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Hong Kong SAR in 2022:
- China (13.7K tons)
- Australia (7.3K tons)
- Japan (1.9K tons)
- France (1.7K tons)
- South Korea (1.3K tons)
- Thailand (1.1K tons)
- United States (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
- Malaysia (0.9K tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Hong Kong SAR declined notably to 2.4K tons, which is down by -28.1% against the year before. Overall, exports saw a abrupt descent. The smallest decline of -7.6% was in 2020.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses dropped notably to $7M in 2022. Over the period under review, exports recorded a abrupt decline. The smallest decline of -5.2% was in 2021.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 3.4 | 3.6 | 3.2 | 3.8 | 3.8% |
| China | 7.2 | 5.4 | 5.4 | 2.7 | -27.9% |
| Others | 0.3 | 0.3 | 0.2 | 0.5 | 18.6% |
| Total | 10.9 | 9.2 | 8.8 | 7.0 | -13.7% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Hong Kong SAR in 2022:
- Macao SAR (1658.0 tons)
- China (627.2 tons)
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