Price for Citrus Fruits Not Elsewhere Classified in Hong Kong SAR - 2023
Contents:
- Price for Citrus Fruits Not Elsewhere Classified in Hong Kong SAR (CIF) - 2022
- Price for Citrus Fruits Not Elsewhere Classified in Hong Kong SAR (FOB) - 2022
- Imports of Citrus Fruits Not Elsewhere Classified in Hong Kong SAR
- Exports of Citrus Fruits Not Elsewhere Classified in Hong Kong SAR
Price for Citrus Fruits Not Elsewhere Classified in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for citrus fruits not elsewhere classified amounted to $1,022 per ton, declining by -43.8% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the average import price increased by 75%. As a result, import price reached the peak level of $1,817 per ton, and then dropped dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +11.4% per year.
Price for Citrus Fruits Not Elsewhere Classified in Hong Kong SAR (FOB) - 2022
The average export price for citrus fruits not elsewhere classified stood at $2,646 per ton in 2022, falling by -15.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 100% against the previous year. As a result, the export price reached the peak level of $4,521 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($10,500 per ton), while the average price for exports to Malaysia ($2,405 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 Fiji (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Citrus Fruits Not Elsewhere Classified in Hong Kong SAR
In 2022, approx. 2.6 tons of citrus fruits not elsewhere classified were imported into Hong Kong SAR; with a decrease of -99.7% on 2021. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 575% against the previous year. As a result, imports reached the peak of 785 tons, and then fell significantly in the following year.
In value terms, citrus fruits not elsewhere classified imports shrank sharply to $2.6K in 2022. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,083% against the previous year. As a result, imports attained the peak of $1.4M, and then fell significantly in the following year.
| Import of Citrus Fruits Not Elsewhere Classified in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 17.4 | 14.2 | 171 | 2.6 | -46.9% |
| China | 6.1 | 1.5 | 16.4 | N/A | 64.0% |
| Philippines | 37.8 | 33.5 | 18.5 | N/A | -30.0% |
| South Africa | 39.4 | 11.4 | 150 | N/A | 95.1% |
| Taiwan (Chinese) | 59.2 | 3.8 | 44.4 | N/A | -13.4% |
| Pakistan | 24.8 | 8.1 | 120 | N/A | 120.0% |
| Others | 167 | 47.9 | 905 | N/A | 132.8% |
| Total | 351 | 121 | 1,426 | 2.6 | -80.5% |
Top Suppliers of Citrus Fruits Not Elsewhere Classified to Hong Kong SAR in 2022:
- Thailand (2.6 tons)
Exports of Citrus Fruits Not Elsewhere Classified in Hong Kong SAR
In 2022, overseas shipments of citrus fruits not elsewhere classified were finally on the rise to reach 655 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a significant decline.
In value terms, citrus fruits not elsewhere classified exports skyrocketed to $1.7K in 2022. Over the period under review, exports, however, saw a dramatic decrease.
| Export of Citrus Fruits Not Elsewhere Classified in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.3 | 1.9 | 0.9 | 1.5 | -34.3% |
| Canada | 1.7 | 0.3 | 0.1 | 0.1 | -61.1% |
| Others | 2.3 | 0.2 | 0.1 | 0.1 | -64.8% |
| Total | 9.2 | 2.5 | 1.0 | 1.7 | -43.0% |
Top Export Markets for Citrus Fruits Not Elsewhere Classified from Hong Kong SAR in 2022:
- Malaysia (635.0 kg)
- Canada (10.0 kg)
431
This report provides an in-depth analysis of the grapefruit market in Hong Kong SAR, China.
497
This report provides an in-depth analysis of the lemon and lime market in Hong Kong SAR, China.
444
This report provides an in-depth analysis of the orange market in Hong Kong SAR, China.
594
This report provides an in-depth analysis of the citrus fruit market in Hong Kong SAR, China.
406
This report provides an in-depth analysis of the mandarin and clementine market in Hong Kong SAR, China.
3154
This report provides an in-depth analysis of the global grapefruit market.
7656
This report provides an in-depth analysis of the global lemon and lime market.
7151
This report provides an in-depth analysis of the global orange market.
3744
This report provides an in-depth analysis of the global citrus fruit market.
1989
This report provides an in-depth analysis of the global mandarin and clementine market.
139
In April 2023, grapefruit imports experienced the most rapid growth pace, increasing by 192% compared to the previous month. However, in November 2023, the value of grapefruit imports significantly shrank to $978K.
272
The price of Lemon And Lime in June 2023 was $1,036 per ton (CIF, Hong Kong), showing a decrease of 4% compared to the previous month.
279
In January 2023, Orange experienced a significant growth rate of 109% compared to the previous month. However, in June 2023, the value of Orange imports dropped notably to $19M.
3272
Global citrus fruit consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
2010
In 2015, the countries with the highest levels of citrus fruit production were China (X thousand tons), Nigeria (X thousand tons), Colombia (X thousand tons), together accounting for X% of total output.
1366
Citrus fruits, loaded with Vitamin C and assorted fibres, are an invaluable addition to a healthy diet. The most commonly consumed citrus fruits are oranges, mandarins, lemons, limes, grapefruits, and pomelos. They are generally grown in subtropical an
1855
Spain seized control of the citrus fruit market. In 2014, Spain exported X thousand tons of citrus fruits totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its total citrus f
904
Grapefruit prices in the U.S. are forecast to keep growing with limited domestic supply and rising fertilizer and logistical costs. Global grapefruit production is set to grow by 4% to 7M tons in 2022 with favourable weather and a larger area in Mexico, South Africa, Turkey and China.
4599
Global grapefruit consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4773
Global grapefruit exports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
