Hong Kong SAR, China - Frozen Fruits And Vegetables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Fruits and Vegetables in Hong Kong SAR - 2023
Contents:
- Price for Frozen Fruits and Vegetables in Hong Kong SAR (CIF) - 2022
- Price for Frozen Fruits and Vegetables in Hong Kong SAR (FOB) - 2022
- Imports of Frozen Fruits and Vegetables in Hong Kong SAR
- Exports of Frozen Fruits and Vegetables in Hong Kong SAR
Price for Frozen Fruits and Vegetables in Hong Kong SAR (CIF) - 2022
The average frozen fruits and vegetables import price stood at $1,530 per ton in 2022, with an increase of 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 13%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
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 ($4,102 per ton), while the price for China ($880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Fruits and Vegetables in Hong Kong SAR (FOB) - 2022
In 2022, the average frozen fruits and vegetables export price amounted to $2,080 per ton, increasing by 31% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fruits and vegetables export price increased by +36.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 32% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,192 per ton), while the average price for exports to Spain ($1,083 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 China (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Fruits and Vegetables in Hong Kong SAR
In 2022, approx. 67K tons of frozen fruits and vegetables were imported into Hong Kong SAR; leveling off at 2021. In general, imports recorded a noticeable shrinkage.
In value terms, frozen fruits and vegetables imports rose sharply to $102M in 2022. Over the period under review, imports showed a slight slump.
| Import of Frozen Fruits and Vegetables in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.0 | 41.6 | 38.8 | 46.8 | -2.8% |
| China | 23.4 | 23.0 | 26.7 | 22.5 | -1.3% |
| Japan | 3.2 | 5.1 | 4.9 | 5.0 | 16.0% |
| Netherlands | 5.4 | 4.8 | 4.8 | 4.6 | -5.2% |
| Canada | 0.6 | 0.6 | 3.0 | 4.3 | 92.8% |
| Thailand | 4.0 | 3.4 | 4.0 | 3.6 | -3.5% |
| Belgium | 1.3 | 1.3 | 1.7 | 2.3 | 20.9% |
| Others | 17.2 | 13.5 | 12.8 | 12.8 | -9.4% |
| Total | 106 | 93.3 | 96.7 | 102 | -1.3% |
Top Suppliers of Frozen Fruits and Vegetables to Hong Kong SAR in 2022:
- United States (28.0K tons)
- China (25.5K tons)
- Canada (2.6K tons)
- Netherlands (2.6K tons)
- Thailand (1.8K tons)
- Belgium (1.4K tons)
- Japan (1.2K tons)
Exports of Frozen Fruits and Vegetables in Hong Kong SAR
Frozen fruits and vegetables exports from Hong Kong SAR declined markedly to 3.3K tons in 2022, shrinking by -17.8% on the previous year. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year.
In value terms, frozen fruits and vegetables exports expanded markedly to $6.9M in 2022. In general, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year.
| Export of Frozen Fruits and Vegetables in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 4.9 | 3.9 | 4.3 | 5.5 | 3.9% |
| Malaysia | 0.2 | 0.1 | 0.2 | 0.7 | 51.8% |
| China | 2.0 | 0.6 | 1.0 | 0.4 | -41.5% |
| Spain | N/A | 0.4 | 0.5 | 0.1 | -50.0% |
| Vietnam | 0.1 | N/A | 0.4 | N/A | 100.0% |
| Philippines | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 8.0 | 5.1 | 6.4 | 6.9 | -4.8% |
Top Export Markets for Frozen Fruits and Vegetables from Hong Kong SAR in 2022:
- Macao SAR (2442.5 tons)
- Malaysia (643.5 tons)
- Spain (70.8 tons)
- China (70.0 tons)
This report provides an in-depth analysis of the market for frozen fruits and vegetables in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 447 - Sweet Corn, Frozen
- FCL 473 - Vegetables, Frozen
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
265
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