Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $7,072 per ton, picking up by 5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 23% against the previous month. The import price peaked at $7,747 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($11,275 per ton), while the price for Vietnam stood at $6,712 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced a decline.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR (FOB) - 2022
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $8,989 per ton in 2022, with an increase of 28% 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 +7.3% 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 2013 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices hit record highs at $9,496 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($10,221 per ton) and Canada ($9,615 per ton), while the average price for exports to Vietnam ($7,697 per ton) and Macao SAR ($8,925 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, when their volume decreased by -8.2% to 1.5K tons. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 9.5% against the previous year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds fell to $11M in 2022. Over the period under review, imports saw a abrupt downturn. The smallest decline of -0.1% was in 2021.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 10.5 | 9.0 | 9.9 | 8.4 | -7.2% |
| India | 2.2 | 3.2 | 2.4 | 2.0 | -3.1% |
| United States | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Others | 0.7 | 0.4 | 0.2 | 0.2 | -34.1% |
| Total | 13.4 | 12.6 | 12.6 | 11.0 | -6.4% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Hong Kong SAR in 2022:
- Vietnam (1203.8 tons)
- India (240.0 tons)
- United States (61.1 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR
Exports of nuts, edible; cashew nuts, shelled, fresh or drieds from Hong Kong SAR fell dramatically to 83 tons in 2022, waning by -38.1% compared with the previous year's figure. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 53%. As a result, the exports reached the peak of 135 tons, and then dropped dramatically in the following year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds fell rapidly to $749K in 2022. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 743 | 560 | 643 | 639 | -4.9% |
| United States | 27.8 | 32.7 | 73.0 | 34.4 | 7.4% |
| Canada | 7.1 | 37.3 | 29.1 | 24.9 | 51.9% |
| China | 26.1 | 29.4 | 13.4 | 22.0 | -5.5% |
| Vietnam | 96.9 | N/A | 19.0 | 8.6 | -55.4% |
| South Korea | 164 | N/A | N/A | N/A | 0% |
| Thailand | N/A | 70.7 | 73.8 | N/A | 4.4% |
| Malaysia | 104 | N/A | 0.7 | N/A | -91.8% |
| Togo | N/A | N/A | 84.6 | N/A | 0% |
| Others | 22.0 | 28.6 | 9.5 | 20.9 | -1.7% |
| Total | 1,190 | 758 | 946 | 749 | -14.3% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Hong Kong SAR in 2022:
- Macao SAR (71.6 tons)
- United States (3.8 tons)
- Canada (2.6 tons)
- China (2.2 tons)
- Vietnam (1.1 tons)
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