Price for Homogenised Composite Food Preparations in Hong Kong SAR - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Hong Kong SAR (FOB) - 2022
2. Price for Homogenised Composite Food Preparations in Hong Kong SAR (CIF) - 2022
3. Exports of Homogenised Composite Food Preparations in Hong Kong SAR
4. Imports of Homogenised Composite Food Preparations in Hong Kong SAR

Price for Homogenised Composite Food Preparations in Hong Kong SAR (FOB) - 2022

The average homogenised composite food preparations export price stood at $11,237 per ton in 2022, with an increase of 83% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $13,917 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($12,706 per ton), while the average price for exports to China amounted to $11,208 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.9%), while the prices for the other major destinations experienced a decline.

Price for Homogenised Composite Food Preparations in Hong Kong SAR (CIF) - 2022

In 2022, the average homogenised composite food preparations import price amounted to $10,639 per ton, picking up by 47% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $15,989 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($12,673 per ton), while the price for the United States ($1,506 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the prices for the other major suppliers experienced a decline.

Exports of Homogenised Composite Food Preparations in Hong Kong SAR

Homogenised composite food preparations exports from Hong Kong SAR dropped dramatically to 128 tons in 2022, falling by -72.2% against 2021. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 183% against the previous year. As a result, the exports reached the peak of 458 tons, and then fell remarkably in the following year.

In value terms, homogenised composite food preparations exports fell sharply to $1.4M in 2022. In general, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. As a result, the exports attained the peak of $2.8M, and then contracted significantly in the following year.

Top Export Markets for Homogenised Composite Food Preparations from Hong Kong SAR in 2022:

1. China (125.3 tons)
2. Macao SAR (2.4 tons)

Imports of Homogenised Composite Food Preparations in Hong Kong SAR

In 2022, the amount of homogenised composite food preparationses imported into Hong Kong SAR surged to 85 tons, rising by 87% on the year before. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports reached the maximum at 135 tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, homogenised composite food preparations imports soared to $908K in 2022. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Homogenised Composite Food Preparations to Hong Kong SAR in 2022:

1. Japan (55.1 tons)
2. Spain (11.7 tons)
3. Singapore (8.7 tons)
4. France (8.7 tons)
5. United States (0.2 tons)
6. China (0.2 tons)