Price for Apples, Pears and Quinces; Fresh in Hong Kong SAR - 2023
Contents:
- Price for Apples, Pears and Quinces; Fresh in Hong Kong SAR (CIF) - 2022
- Price for Apples, Pears and Quinces; Fresh in Hong Kong SAR (FOB) - 2023
- Imports of Apples, Pears and Quinces; Fresh in Hong Kong SAR
- Exports of Apples, Pears and Quinces; Fresh in Hong Kong SAR
Price for Apples, Pears and Quinces; Fresh in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for apples, pears and quinces; freshes amounted to $1,199 per ton, with an increase of 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4,271 per ton), while the price for China ($756 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Apples, Pears and Quinces; Fresh in Hong Kong SAR (FOB) - 2023
The average export price for apples, pears and quinces; freshes stood at $1,478 per ton in May 2023, falling by -6.8% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,059 per ton in December 2022; however, from January 2023 to May 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In May 2023, the country with the highest price was Macao SAR ($2,077 per ton), while the average price for exports to China totaled $1,464 per ton.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.7%).
Imports of Apples, Pears and Quinces; Fresh in Hong Kong SAR
In 2022, approx. 214K tons of apples, pears and quinces; freshes were imported into Hong Kong SAR; waning by -13.6% against the previous year. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.6% against the previous year.
In value terms, apples, pears and quinces; fresh imports declined to $257M in 2022. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 11%.
| Import of Apples, Pears and Quinces; Fresh in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 88.4 | 106 | 122 | 111 | 7.9% |
| Japan | 34.7 | 29.4 | 41.8 | 49.6 | 12.6% |
| New Zealand | 65.5 | 47.2 | 58.4 | 33.0 | -20.4% |
| United States | 37.1 | 26.9 | 26.2 | 24.3 | -13.2% |
| South Africa | 17.1 | 13.4 | 11.3 | 13.9 | -6.7% |
| Chile | 33.9 | 18.6 | 12.1 | 7.1 | -40.6% |
| Others | 24.1 | 20.5 | 17.5 | 18.1 | -9.1% |
| Total | 301 | 262 | 290 | 257 | -5.1% |
Top Suppliers of Apples, Pears and Quinces; Fresh to Hong Kong SAR in 2022:
- China (146.3K tons)
- New Zealand (16.0K tons)
- United States (13.4K tons)
- South Africa (12.0K tons)
- Japan (11.6K tons)
- Chile (5.1K tons)
Exports of Apples, Pears and Quinces; Fresh in Hong Kong SAR
Apples, pears and quinces; fresh exports from Hong Kong SAR reduced rapidly to 24K tons in 2022, which is down by -45.4% compared with 2021. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3.4%.
In value terms, apples, pears and quinces; fresh exports fell dramatically to $37M in 2022. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
| Export of Apples, Pears and Quinces; Fresh in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 90.6 | 49.4 | 64.3 | 33.1 | -28.5% |
| Macao SAR | 2.7 | 2.3 | 2.1 | 3.3 | 6.9% |
| Others | 0.6 | 0.6 | 0.7 | 0.1 | -45.0% |
| Total | 93.8 | 52.2 | 67.1 | 36.6 | -26.9% |
Top Export Markets for Apples, Pears and Quinces; Fresh from Hong Kong SAR in 2022:
- China (22.2K tons)
- Macao SAR (1.5K tons)
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