Hong Kong SAR, China - Frozen Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Vegetable Price in Hong Kong SAR - 2023
Contents:
- Frozen Vegetable Price in Hong Kong SAR (CIF) - 2022
- Frozen Vegetable Price in Hong Kong SAR (FOB) - 2022
- Frozen Vegetable Imports in Hong Kong SAR
- Frozen Vegetable Exports in Hong Kong SAR
Frozen Vegetable Price in Hong Kong SAR (CIF) - 2022
In 2022, the average frozen vegetable import price amounted to $1,474 per ton, growing by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 14%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,048 per ton), while the price for China ($871 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Vegetable Price in Hong Kong SAR (FOB) - 2022
The average frozen vegetable export price stood at $1,951 per ton in 2022, surging by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($2,194 per ton), while the average price for exports to Spain ($1,083 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 Macao SAR (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Vegetable Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of frozen vegetables, which decreased by less than 0.1% to 65K tons in 2022. Over the period under review, imports saw a pronounced decline.
In value terms, frozen vegetable imports expanded significantly to $96M in 2022. Overall, imports continue to indicate a relatively flat trend pattern.
| Import of Frozen Vegetable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 50.6 | 41.4 | 38.6 | 46.7 | -2.6% |
| China | 23.0 | 22.6 | 25.7 | 22.1 | -1.3% |
| Japan | 3.2 | 5.0 | 4.8 | 4.9 | 15.3% |
| Netherlands | 5.3 | 4.7 | 4.7 | 4.6 | -4.6% |
| Canada | 0.6 | 0.6 | 3.0 | 4.3 | 92.8% |
| Thailand | 2.2 | 2.9 | 2.3 | 2.7 | 7.1% |
| Belgium | 1.3 | 1.2 | 1.5 | 2.0 | 15.4% |
| Others | 10.9 | 10.7 | 9.3 | 8.9 | -6.5% |
| Total | 97.1 | 89.1 | 90.1 | 96.2 | -0.3% |
Top Suppliers of Frozen Vegetable to Hong Kong SAR in 2022:
- United States (28.0K tons)
- China (25.4K tons)
- Canada (2.6K tons)
- Netherlands (2.6K tons)
- Thailand (1.6K tons)
- Belgium (1.3K tons)
- Japan (1.2K tons)
Frozen Vegetable Exports in Hong Kong SAR
In 2022, the amount of frozen vegetables exported from Hong Kong SAR fell markedly to 3.2K tons, shrinking by -17.3% on the previous year's figure. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 18%.
In value terms, frozen vegetable exports rose rapidly to $6.3M in 2022. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
| Export of Frozen Vegetable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 4.3 | 3.7 | 4.1 | 5.3 | 7.2% |
| Malaysia | 0.2 | 0.1 | 0.2 | 0.7 | 51.8% |
| Spain | N/A | 0.4 | 0.5 | 0.1 | -50.0% |
| China | 1.1 | 0.5 | 0.3 | N/A | -47.8% |
| Vietnam | 0.1 | N/A | 0.4 | N/A | 100.0% |
| Philippines | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 6.5 | 4.8 | 5.6 | 6.3 | -1.0% |
Top Export Markets for Frozen Vegetable from Hong Kong SAR in 2022:
- Macao SAR (2423.0 tons)
- Malaysia (643.5 tons)
- Spain (70.8 tons)
- China (0.7 tons)
This report provides an in-depth analysis of the frozen 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 473 - Vegetables, Frozen
- FCL 447 - Sweet Corn, Frozen
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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