Hong Kong SAR, China - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Potato Price in Hong Kong SAR - 2023
Contents:
- Frozen Potato Price in Hong Kong SAR (CIF) - 2023
- Frozen Potato Price in Hong Kong SAR (FOB) - 2023
- Frozen Potato Imports in Hong Kong SAR
- Frozen Potato Exports in Hong Kong SAR
Frozen Potato Price in Hong Kong SAR (CIF) - 2023
The average frozen potato import price stood at $1,920 per ton in June 2023, standing approximately at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2023 an increase of 5.5% month-to-month. Over the period under review, average import prices hit record highs at $1,928 per ton in May 2023, and then contracted slightly in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the United States ($2,065 per ton) and Belgium ($1,673 per ton), while the price for China ($1,567 per ton) and the Netherlands ($1,582 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Potato Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average frozen potato export price amounted to $2,372 per ton, picking up by 2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 24% against the previous month. The export price peaked in June 2023.
Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was Macao SAR ($2,383 per ton), while the average price for exports to Malaysia totaled $1,660 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.1%).
Frozen Potato Imports in Hong Kong SAR
In 2022, approx. 35K tons of frozen potatoes were imported into Hong Kong SAR; with a decrease of -5.1% compared with the previous year's figure. Over the period under review, imports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of 37K tons, and then dropped in the following year.
In value terms, frozen potato imports stood at $57M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Frozen Potato in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.3 | 30.7 | 30.7 | 39.7 | 1.2% |
| China | 2.8 | 2.4 | 10.6 | 5.1 | 22.1% |
| Canada | 0.6 | 0.6 | 3.0 | 4.3 | 92.8% |
| Netherlands | 1.1 | 1.0 | 2.9 | 2.9 | 38.1% |
| Belgium | 0.5 | 0.5 | 0.8 | 1.2 | 33.9% |
| Others | 3.2 | 3.3 | 4.0 | 3.6 | 4.0% |
| Total | 46.6 | 38.5 | 52.0 | 56.9 | 6.9% |
Top Suppliers of Frozen Potato to Hong Kong SAR in 2022:
- United States (24.8K tons)
- China (3.6K tons)
- Canada (2.6K tons)
- Netherlands (2.1K tons)
- Belgium (0.9K tons)
Frozen Potato Exports in Hong Kong SAR
In 2022, the amount of frozen potatoes exported from Hong Kong SAR soared to 2.7K tons, jumping by 16% on the previous year's figure. In general, exports, however, continue to indicate a deep downturn.
In value terms, frozen potato exports skyrocketed to $5.1M in 2022. Overall, exports recorded slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Potato in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 3.3 | 2.8 | 3.2 | 4.4 | 10.1% |
| Malaysia | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.1 | 0% |
| China | 1.1 | 0.5 | 0.3 | N/A | -47.8% |
| Philippines | 0.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.0 | 3.4 | 3.7 | 5.1 | 0.7% |
Top Export Markets for Frozen Potato from Hong Kong SAR in 2022:
- Macao SAR (2179.4 tons)
- Malaysia (497.8 tons)
- Taiwan (Chinese) (46.8 tons)
- China (0.7 tons)
This report provides an in-depth analysis of the frozen potato 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:
- Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
- Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)
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
-
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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