Hong Kong SAR, China - Grapefruits (Inc. Pomelos) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGrapefruit Price in Hong Kong SAR - 2023
Contents:
- Grapefruit Price in Hong Kong SAR (CIF) - 2023
- Grapefruit Price in Hong Kong SAR (FOB) - 2023
- Grapefruit Imports in Hong Kong SAR
- Grapefruit Exports in Hong Kong SAR
Grapefruit Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average grapefruit import price amounted to $923 per ton, waning by -13.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 41% month-to-month. Over the period under review, average import prices attained the maximum at $1,734 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($2,068 per ton), while the price for South Africa ($858 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Grapefruit Price in Hong Kong SAR (FOB) - 2023
The average grapefruit export price stood at $898 per ton in June 2023, falling by -12% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 32% m-o-m. As a result, the export price attained the peak level of $1,711 per ton. From February 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +0.7% per month.
Grapefruit Imports in Hong Kong SAR
In 2022, supplies from abroad of grapefruits decreased by -32.3% to 22K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 9.6%. As a result, imports reached the peak of 33K tons, and then reduced markedly in the following year.
In value terms, grapefruit imports reduced rapidly to $26M in 2022. Over the period under review, imports showed a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of $36M, and then contracted significantly in the following year.
| Import of Grapefruit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 17.5 | 14.9 | 17.6 | 8.8 | -20.5% |
| Thailand | 3.6 | 4.2 | 7.8 | 7.5 | 27.7% |
| Taiwan (Chinese) | 0.6 | 1.3 | 2.2 | 3.1 | 72.9% |
| Vietnam | 0.5 | 0.2 | 2.5 | 2.6 | 73.2% |
| Israel | 2.5 | 3.5 | 3.6 | 1.9 | -8.7% |
| Turkey | 1.4 | 0.9 | 0.3 | 0.5 | -29.1% |
| China | 0.6 | 0.6 | 0.7 | 0.5 | -5.9% |
| Others | 1.8 | 2.8 | 1.4 | 1.2 | -12.6% |
| Total | 28.4 | 28.4 | 36.3 | 26.1 | -2.8% |
Top Suppliers of Grapefruit to Hong Kong SAR in 2022:
- South Africa (9.7K tons)
- Thailand (4.2K tons)
- Taiwan (Chinese) (2.7K tons)
- Vietnam (2.3K tons)
- Israel (1.5K tons)
- Turkey (0.5K tons)
- China (0.5K tons)
Grapefruit Exports in Hong Kong SAR
In 2022, overseas shipments of grapefruits decreased by -52.4% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of 27K tons, and then contracted dramatically in the following year.
In value terms, grapefruit exports fell notably to $13M in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports attained the peak of $26M, and then fell markedly in the following year.
| Export of Grapefruit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.3 | 17.5 | 25.2 | 12.6 | -10.0% |
| Vietnam | 0.4 | 1.6 | 0.5 | N/A | 11.8% |
| Others | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Total | 18.2 | 19.6 | 26.1 | 12.9 | -10.8% |
Top Export Markets for Grapefruit from Hong Kong SAR in 2022:
- China (12.5K tons)
This report provides an in-depth analysis of the grapefruit 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 507 - Grapefruit and pomelo
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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