Price for Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR - 2023
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR (CIF) - 2023
- Price for Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR
- Exports of Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR
Price for Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR (CIF) - 2023
The average import price for vegetable products not elsewhere specified or includeds stood at $1,065 per ton in August 2023, picking up by 4.9% against the previous month. In general, the import price, however, recorded a perceptible setback. The pace of growth was the most pronounced in February 2023 an increase of 23% against the previous month. Over the period under review, average import prices reached the peak figure at $1,423 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,981 per ton), while the price for China ($1,025 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $2,520 per ton in 2022, dropping by -45% against the previous year. Overall, the export price, however, showed perceptible growth. The pace of growth was the most pronounced in 2015 an increase of 62% against the previous year. The export price peaked at $5,541 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($44,149 per ton), while the average price for exports to China ($1,334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR
In 2022, purchases abroad of vegetable products not elsewhere specified or includeds was finally on the rise to reach 1.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a precipitous slump.
In value terms, imports of vegetable products not elsewhere specified or includeds expanded rapidly to $2.2M in 2022. Overall, imports, however, showed a sharp descent.
| Import of Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,817 | 1,128 | 1,297 | 1,393 | -8.5% |
| Mexico | 1,426 | 836 | 201 | 597 | -25.2% |
| United States | 682 | 49.2 | 65.9 | 22.5 | -67.9% |
| Iran | N/A | N/A | 218 | N/A | 0% |
| Others | 589 | 372 | 241 | 170 | -33.9% |
| Total | 4,514 | 2,386 | 2,022 | 2,182 | -21.5% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Hong Kong SAR in 2022:
- China (1216.8 tons)
- Mexico (123.2 tons)
- United States (11.9 tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of vegetable products not elsewhere specified or includeds, which decreased by -57.2% to 74 tons in 2022. Overall, exports continue to indicate a dramatic shrinkage. The smallest decline of -3.8% was in 2021.
In value terms, exports of vegetable products not elsewhere specified or includeds shrank dramatically to $181K in 2022. In general, exports recorded a precipitous curtailment. The smallest decline of -33% was in 2021.
| Export of Vegetable Products Not Elsewhere Specified or Included in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,970 | 767 | 437 | 73.4 | -66.6% |
| Canada | 45.1 | 35.2 | 16.9 | 20.4 | -23.2% |
| Australia | 13.7 | 26.9 | 27.7 | 20.1 | 13.6% |
| Turkey | N/A | N/A | N/A | 9.6 | 0% |
| Netherlands | 2.8 | 5.0 | 4.2 | 6.9 | 35.1% |
| New Zealand | 2.6 | 1.4 | 5.0 | 4.9 | 23.5% |
| Others | 154 | 159 | 175 | 46.2 | -33.1% |
| Total | 2,188 | 995 | 666 | 181 | -56.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Hong Kong SAR in 2022:
- China (55.0 tons)
- Canada (5.3 tons)
- Australia (3.9 tons)
- Netherlands (1.5 tons)
- Turkey (1.3 tons)
- New Zealand (1.3 tons)
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