Price for Frozen Concentrated Orange Juice in Hong Kong SAR - 2023

Contents:

1. Price for Frozen Concentrated Orange Juice in Hong Kong SAR (FOB) - 2022
2. Price for Frozen Concentrated Orange Juice in Hong Kong SAR (CIF) - 2022
3. Exports of Frozen Concentrated Orange Juice in Hong Kong SAR
4. Imports of Frozen Concentrated Orange Juice in Hong Kong SAR

Price for Frozen Concentrated Orange Juice in Hong Kong SAR (FOB) - 2022

In 2022, the average frozen concentrated orange juice export price amounted to $1,313 per ton, growing by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2020 an increase of 22% against the previous year. As a result, the export price attained the peak level of $1,539 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,152 per ton), while the average price for exports to Macao SAR totaled $1,006 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.1%).

Price for Frozen Concentrated Orange Juice in Hong Kong SAR (CIF) - 2022

In 2022, the average frozen concentrated orange juice import price amounted to $1,682 per ton, increasing by 19% against the previous year. In general, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56%. The import price peaked at $2,278 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($2,824 per ton), while the price for Spain ($1,396 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Frozen Concentrated Orange Juice in Hong Kong SAR

In 2022, shipments abroad of frozen concentrated orange juice decreased by -46% to 441 tons, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen concentrated orange juice exports plummeted to $579K in 2022. Over the period under review, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 92%. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Frozen Concentrated Orange Juice from Hong Kong SAR in 2022:

1. Macao SAR (323.7 tons)
2. China (116.8 tons)

Imports of Frozen Concentrated Orange Juice in Hong Kong SAR

After two years of decline, purchases abroad of frozen concentrated orange juice increased by 24% to 631 tons in 2022. Over the period under review, imports, however, faced a significant curtailment.

In value terms, frozen concentrated orange juice imports soared to $1.1M in 2022. In general, imports, however, recorded a dramatic slump.

Top Suppliers of Frozen Concentrated Orange Juice to Hong Kong SAR in 2022:

1. Spain (325.1 tons)
2. Brazil (112.6 tons)
3. China (79.8 tons)
4. United States (50.1 tons)
5. Japan (30.5 tons)
6. Taiwan (Chinese) (28.2 tons)

Source: IndexBox Market Intelligence Platform