Dried Apricot Price in Hong Kong SAR - 2023
Contents:
- Dried Apricot Price in Hong Kong SAR (CIF) - 2023
- Dried Apricot Price in Hong Kong SAR (FOB) - 2023
- Dried Apricot Imports in Hong Kong SAR
- Dried Apricot Exports in Hong Kong SAR
Dried Apricot Price in Hong Kong SAR (CIF) - 2023
The average dried apricot import price stood at $7,380 per ton in June 2023, with an increase of 3.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 846% month-to-month. The import price peaked at $12,934 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From June 2022 to June 2023, the rate of growth in terms of prices for Germany amounted to +9.3% per month.
Dried Apricot Price in Hong Kong SAR (FOB) - 2023
The average dried apricot export price stood at $7,399 per ton in June 2023, with an increase of 632% against the previous month. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in July 2022 an increase of 1,152% m-o-m. Over the period under review, the average export prices attained the peak figure at $10,294 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was Macao SAR ($9,155 per ton), while the average price for exports to Turkey totaled $7,268 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Dried Apricot Imports in Hong Kong SAR
In 2022, the amount of dried apricots imported into Hong Kong SAR skyrocketed to 495 tons, jumping by 25% against the previous year's figure. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, dried apricot imports soared to $1.7M in 2022. In general, imports, however, showed a perceptible decline.
| Import of Dried Apricot in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,590 | 651 | 705 | 1,294 | -6.6% |
| China | 7.5 | 13.6 | 131 | 154 | 173.8% |
| Germany | 80.5 | 74.0 | 114 | 126 | 16.1% |
| Pakistan | 5.1 | 14.4 | 40.7 | 68.3 | 137.5% |
| United States | 53.4 | 41.9 | 56.9 | 4.3 | -56.8% |
| Others | 46.1 | 28.9 | 91.6 | 25.7 | -17.7% |
| Total | 1,783 | 823 | 1,139 | 1,673 | -2.1% |
Top Suppliers of Dried Apricot to Hong Kong SAR in 2022:
- China (252.1 tons)
- Turkey (221.8 tons)
- Germany (9.8 tons)
- Pakistan (8.7 tons)
- United States (0.6 tons)
Dried Apricot Exports in Hong Kong SAR
In 2022, approx. 280 tons of dried apricots were exported from Hong Kong SAR; increasing by 20% against the previous year's figure. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 517% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, dried apricot exports reduced to $383K in 2022. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 273% against the previous year. As a result, the exports reached the peak of $431K, and then contracted in the following year.
| Export of Dried Apricot in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.3 | 35.7 | 226 | 198 | 104.1% |
| Macao SAR | 169 | 75.3 | 127 | 108 | -13.9% |
| United States | 4.4 | N/A | N/A | 58.7 | 137.2% |
| Thailand | 89.1 | N/A | 50.8 | N/A | -24.5% |
| Others | 3.5 | 4.7 | 26.9 | 19.0 | 75.7% |
| Total | 290 | 116 | 431 | 383 | 9.7% |
Top Export Markets for Dried Apricot from Hong Kong SAR in 2022:
- China (258.3 tons)
- Macao SAR (13.4 tons)
- United States (5.8 tons)
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