Mandarins Price in Hong Kong SAR - 2023
Contents:
- Mandarins Price in Hong Kong SAR (CIF) - 2023
- Mandarins Price in Hong Kong SAR (FOB) - 2022
- Mandarins Imports in Hong Kong SAR
- Mandarins Exports in Hong Kong SAR
Mandarins Price in Hong Kong SAR (CIF) - 2023
The average mandarins import price stood at $1,588 per ton in June 2023, falling by -28.2% against the previous month. In general, import price indicated a mild expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, mandarins import price decreased by -41.1% against February 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 46% m-o-m. The import price peaked at $2,695 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($14,111 per ton), while the price for South Africa ($1,262 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 Egypt (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Mandarins Price in Hong Kong SAR (FOB) - 2022
The average mandarins export price stood at $1,425 per ton in 2022, shrinking by -3.6% against the previous year. Overall, export price indicated a resilient expansion from 2017 to 2022: its price increased at an average annual rate of +5.4% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mandarins export price decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. Over the period under review, the average export prices attained the maximum at $1,553 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,431 per ton), while the average price for exports to the Philippines stood at $1,264 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.6%).
Mandarins Imports in Hong Kong SAR
In 2022, the amount of fruit, edible imported into Hong Kong SAR declined modestly to 29K tons, stabilizing at 2021 figures. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year.
In value terms, mandarins imports stood at $47M in 2022. Overall, imports saw a drastic downturn.
| Import of Mandarins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 35.2 | 20.2 | 12.0 | 20.5 | -16.5% |
| South Africa | 14.3 | 15.8 | 16.2 | 7.5 | -19.4% |
| Peru | 2.9 | 3.4 | 8.1 | 7.5 | 37.3% |
| Japan | 1.9 | 2.9 | 3.7 | 3.5 | 22.6% |
| Taiwan (Chinese) | 3.0 | 2.5 | 1.8 | 2.2 | -9.8% |
| Egypt | 1.9 | 3.7 | 1.8 | 2.2 | 5.0% |
| Others | 3.0 | 3.8 | 3.1 | 3.4 | 4.3% |
| Total | 62.2 | 52.2 | 46.7 | 46.8 | -9.0% |
Top Suppliers of Mandarins to Hong Kong SAR in 2022:
- Australia (8.7K tons)
- South Africa (8.6K tons)
- Peru (6.2K tons)
- Taiwan (Chinese) (1.5K tons)
- Egypt (1.5K tons)
- Japan (0.5K tons)
Mandarins Exports in Hong Kong SAR
In 2022, exports of fruit, edible from Hong Kong SAR reduced notably to 21K tons, declining by -16% on 2021 figures. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 41%.
In value terms, mandarins exports contracted remarkably to $30M in 2022. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year.
| Export of Mandarins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.9 | 24.3 | 33.6 | 27.2 | -12.7% |
| Philippines | 2.3 | 2.8 | 3.0 | 2.4 | 1.4% |
| Others | 0.9 | 0.7 | 0.6 | 0.6 | -12.6% |
| Total | 44.0 | 27.8 | 37.2 | 30.2 | -11.8% |
Top Export Markets for Mandarins from Hong Kong SAR in 2022:
- China (19.0K tons)
- Philippines (1.9K tons)
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