Hong Kong SAR, China - Canned Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanned Vegetable Price in Hong Kong SAR - 2023
Contents:
- Canned Vegetable Price in Hong Kong SAR (CIF) - 2023
- Canned Vegetable Price in Hong Kong SAR (FOB) - 2023
- Canned Vegetable Imports in Hong Kong SAR
- Canned Vegetable Exports in Hong Kong SAR
Canned Vegetable Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average canned vegetable import price amounted to $2,573 per ton, shrinking by -4.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 18% m-o-m. As a result, import price attained the peak level of $3,192 per ton. From December 2022 to September 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 September 2023, the country with the highest price was Japan ($7,533 per ton), while the price for Thailand ($1,413 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Canned Vegetable Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average canned vegetable export price amounted to $4,055 per ton, picking up by 15% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 58% m-o-m. As a result, the export price reached the peak level of $5,557 per ton. From January 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,686 per ton), while the average price for exports to Taiwan (Chinese) ($906 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Canned Vegetable Imports in Hong Kong SAR
In 2022, after two years of decline, there was growth in supplies from abroad of canned vegetables, when their volume increased by 4.1% to 51K tons. Over the period under review, imports, however, saw a perceptible shrinkage.
In value terms, canned vegetable imports declined to $145M in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 9.2% against the previous year. As a result, imports reached the peak of $148M, and then fell slightly in the following year.
| Import of Canned Vegetable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.3 | 55.2 | 63.4 | 62.9 | -1.7% |
| Thailand | 7.9 | 11.0 | 13.7 | 14.0 | 21.0% |
| Japan | 13.8 | 14.5 | 13.5 | 12.8 | -2.5% |
| Malaysia | 8.6 | 8.3 | 8.8 | 9.5 | 3.4% |
| South Korea | 5.9 | 6.3 | 8.5 | 7.7 | 9.3% |
| United States | 13.0 | 12.3 | 8.6 | 7.6 | -16.4% |
| Taiwan (Chinese) | 6.0 | 6.5 | 8.7 | 7.5 | 7.7% |
| Italy | 5.0 | 4.7 | 5.7 | 6.1 | 6.9% |
| United Kingdom | 4.8 | 5.9 | 4.7 | 5.1 | 2.0% |
| Philippines | 2.4 | 2.5 | 2.4 | 2.3 | -1.4% |
| Canada | 0.5 | 0.8 | 0.8 | 0.8 | 17.0% |
| Others | 9.1 | 7.0 | 8.7 | 8.3 | -3.0% |
| Total | 143 | 135 | 148 | 145 | 0.5% |
Top Suppliers of Canned Vegetable to Hong Kong SAR in 2022:
- China (19.7K tons)
- Thailand (10.3K tons)
- Italy (5.3K tons)
- Malaysia (2.1K tons)
- United Kingdom (2.0K tons)
- South Korea (2.0K tons)
- Japan (1.7K tons)
- United States (1.5K tons)
- Taiwan (Chinese) (1.4K tons)
- Philippines (1.0K tons)
- Canada (0.8K tons)
Canned Vegetable Exports in Hong Kong SAR
In 2022, the amount of canned vegetables exported from Hong Kong SAR fell to 6.5K tons, reducing by -8.5% against 2021 figures. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 3.1% against the previous year.
In value terms, canned vegetable exports declined to $26M in 2022. Overall, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports reached the peak of $28M, and then reduced in the following year.
| Export of Canned Vegetable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 10.6 | 8.7 | 8.1 | 8.9 | -5.7% |
| China | 4.8 | 5.7 | 10.1 | 7.4 | 15.5% |
| United States | 1.8 | 2.4 | 2.1 | 1.7 | -1.9% |
| Taiwan (Chinese) | 2.4 | 1.3 | 1.1 | 1.5 | -14.5% |
| Japan | 0.5 | 0.4 | 0.5 | 1.2 | 33.9% |
| Singapore | 2.1 | 2.0 | 2.1 | 1.0 | -21.9% |
| Canada | 1.2 | 0.9 | 1.1 | 0.9 | -9.1% |
| Australia | 1.2 | 2.4 | 1.1 | 0.9 | -9.1% |
| Malaysia | 0.3 | 0.4 | 0.4 | 0.8 | 38.7% |
| Netherlands | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| Others | 1.3 | 0.8 | 1.2 | 0.9 | -11.5% |
| Total | 26.8 | 25.5 | 28.3 | 25.8 | -1.3% |
Top Export Markets for Canned Vegetable from Hong Kong SAR in 2022:
- Taiwan (Chinese) (1854.4 tons)
- Macao SAR (1824.9 tons)
- China (1040.7 tons)
- Malaysia (328.7 tons)
- United States (315.7 tons)
- Australia (222.3 tons)
- Japan (185.4 tons)
- Singapore (153.1 tons)
- Canada (141.7 tons)
- Netherlands (127.9 tons)
This report provides an in-depth analysis of the canned vegetable market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 472 - Vegetables, Preserved nes (O/T vinegar)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
1576
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
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Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
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