Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR - 2023
Contents:
- Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR (CIF) - 2023
- Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR (FOB) - 2023
- Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR
- Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR
Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR (CIF) - 2023
The average import price for fresh or chilled lettuce, other than cabbage lettuce stood at $1,237 per ton in November 2023, waning by -8.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in February 2023 an increase of 18% against the previous month. The import price peaked at $1,441 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($5,572 per ton), while the price for China ($632 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR (FOB) - 2023
The average export price for fresh or chilled lettuce, other than cabbage lettuce stood at $1,430 per ton in November 2023, shrinking by -6.4% against the previous month. Overall, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in March 2023 when the average export price increased by 39% month-to-month. As a result, the export price attained the peak level of $2,694 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From November 2022 to November 2023, the rate of growth in terms of prices for Macao SAR amounted to -1.7% per month.
Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR
After three years of growth, purchases abroad of fresh or chilled lettuce, other than cabbage lettuce decreased by -9.4% to 19K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, imports reached the peak of 21K tons, and then dropped in the following year.
In value terms, imports of fresh or chilled lettuce, other than cabbage lettuce declined to $23M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $24M, and then contracted in the following year.
| Import of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 6.8 | 16.5 | 17.2 | 48.1% |
| United States | 3.3 | 2.6 | 2.7 | 2.2 | -12.6% |
| Netherlands | 2.2 | 2.1 | 1.6 | 1.2 | -18.3% |
| Australia | 2.5 | 1.6 | 1.4 | 0.9 | -28.9% |
| Others | 3.1 | 2.7 | 1.9 | 1.1 | -29.2% |
| Total | 16.3 | 15.8 | 24.1 | 22.5 | 11.3% |
Top Suppliers of Fresh or Chilled Lettuce, Other than Cabbage Lettuce to Hong Kong SAR in 2022:
- China (18.3K tons)
- United States (0.3K tons)
- Australia (0.2K tons)
- Netherlands (0.2K tons)
Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR
Exports of fresh or chilled lettuce, other than cabbage lettuce from Hong Kong SAR fell notably to 1.3K tons in 2022, waning by -26.6% on the previous year's figure. Over the period under review, exports saw a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 9.4%.
In value terms, exports of fresh or chilled lettuce, other than cabbage lettuce shrank significantly to $2M in 2022. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 21%.
| Export of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 4.1 | 2.0 | 2.5 | 2.0 | -21.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.1 | 2.0 | 2.5 | 2.0 | -21.3% |
Top Export Markets for Fresh or Chilled Lettuce, Other than Cabbage Lettuce from Hong Kong SAR in 2022:
- Macao SAR (1.3K tons)
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