Preserved Sauerkraut Price in Hong Kong SAR - 2023
Contents:
- Preserved Sauerkraut Price in Hong Kong SAR (CIF) - 2023
- Preserved Sauerkraut Price in Hong Kong SAR (FOB) - 2023
- Preserved Sauerkraut Imports in Hong Kong SAR
- Preserved Sauerkraut Exports in Hong Kong SAR
Preserved Sauerkraut Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average preserved sauerkraut import price amounted to $2,182 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 38% month-to-month. The import price peaked at $3,133 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($6,785 per ton), while the price for Thailand ($1,603 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sauerkraut Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average preserved sauerkraut export price amounted to $2,077 per ton, with an increase of 21% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in June 2023 an increase of 42% month-to-month. Over the period under review, the average export prices hit record highs at $2,211 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Japan ($4,184 per ton), while the average price for exports to Taiwan (Chinese) ($821 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sauerkraut Imports in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in supplies from abroad of preserved sauerkraut, when their volume increased by 7.9% to 21K tons. In general, imports, however, showed a deep contraction.
In value terms, preserved sauerkraut imports contracted to $56M in 2022. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
| Import of Preserved Sauerkraut in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.8 | 34.3 | 42.0 | 38.3 | -7.1% |
| South Korea | 3.2 | 4.1 | 6.0 | 6.0 | 23.3% |
| United Kingdom | 2.3 | 3.5 | 2.5 | 2.7 | 5.5% |
| Taiwan (Chinese) | 1.7 | 1.2 | 1.8 | 1.7 | 0.0% |
| Thailand | 0.6 | 0.7 | 0.6 | 0.9 | 14.5% |
| Italy | 0.9 | 0.9 | 0.7 | 0.8 | -3.9% |
| Canada | 0.5 | 0.7 | 0.7 | 0.7 | 11.9% |
| Others | 6.6 | 4.4 | 5.3 | 4.8 | -10.1% |
| Total | 63.7 | 49.8 | 59.8 | 55.9 | -4.3% |
Top Suppliers of Preserved Sauerkraut to Hong Kong SAR in 2022:
- China (14.0K tons)
- South Korea (1.8K tons)
- United Kingdom (1.5K tons)
- Canada (0.7K tons)
- Italy (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Thailand (0.5K tons)
Preserved Sauerkraut Exports in Hong Kong SAR
In 2022, the amount of preserved sauerkraut exported from Hong Kong SAR dropped to 3.3K tons, waning by -6.7% compared with 2021 figures. Over the period under review, exports saw a deep contraction.
In value terms, preserved sauerkraut exports amounted to $5.6M in 2022. In general, exports saw a abrupt decrease.
| Export of Preserved Sauerkraut in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2,377 | 1,225 | 840 | 1,330 | -17.6% |
| Macao SAR | 1,328 | 1,042 | 1,140 | 1,063 | -7.2% |
| Japan | 473 | 417 | 463 | 616 | 9.2% |
| China | 335 | 794 | 1,041 | 613 | 22.3% |
| Australia | 399 | 271 | 253 | 320 | -7.1% |
| Netherlands | 358 | 355 | 321 | 291 | -6.7% |
| Malaysia | 161 | 292 | 295 | 280 | 20.3% |
| Canada | 560 | 267 | 430 | 256 | -23.0% |
| United States | 327 | 477 | 211 | 236 | -10.3% |
| Spain | 218 | 116 | 1.3 | 2.4 | -77.8% |
| Others | 809 | 503 | 459 | 585 | -10.2% |
| Total | 7,347 | 5,759 | 5,455 | 5,592 | -8.7% |
Top Export Markets for Preserved Sauerkraut from Hong Kong SAR in 2022:
- Taiwan (Chinese) (1835.7 tons)
- Macao SAR (368.0 tons)
- China (310.2 tons)
- Japan (134.3 tons)
- Australia (107.9 tons)
- Malaysia (91.9 tons)
- United States (88.0 tons)
- Netherlands (82.3 tons)
- Canada (70.2 tons)
- Spain (0.3 tons)
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