Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $589 per ton, with a decrease of -1.8% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $600 per ton, and then declined modestly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Australia ($2,097 per ton), while the price for China ($518 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 India (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $1,635 per ton, with an increase of 149% against the previous year. In general, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2014 an increase of 328%. The export price peaked at $3,545 per ton in 2018; however, from 2019 to 2022, the 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 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +29.3% per year.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR
In 2022, the amount of vegetables; potatoes (other than seed), fresh or chilleds imported into Hong Kong SAR soared to 71K tons, rising by 217% against 2021. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds surged to $41M in 2022. Overall, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.2 | 5.1 | 6.2 | 32.0 | 25.5% |
| Australia | 2.6 | 2.9 | 3.0 | 3.1 | 6.0% |
| United States | 2.6 | 2.4 | 2.1 | 2.8 | 2.5% |
| Germany | 0.8 | 0.7 | 1.1 | 0.9 | 4.0% |
| India | 0.6 | 0.4 | 0.5 | 0.5 | -5.9% |
| Others | 1.9 | 2.8 | 2.2 | 1.4 | -9.7% |
| Total | 24.7 | 14.2 | 15.0 | 40.6 | 18.0% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Hong Kong SAR in 2022:
- China (62.2K tons)
- United States (2.8K tons)
- Australia (2.2K tons)
- Germany (1.7K tons)
- India (1.3K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR
In 2022, overseas shipments of vegetables; potatoes (other than seed), fresh or chilleds decreased by -74.1% to 14 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 214% against the previous year.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds reduced sharply to $23K in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 121%. As a result, the exports reached the peak of $66K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 29.8 | 58.7 | 10.7 | 22.5 | -8.9% |
| Cambodia | N/A | 7.1 | 10.8 | N/A | 52.1% |
| Malaysia | N/A | N/A | 13.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.8 | 65.8 | 34.8 | 22.5 | -8.9% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Hong Kong SAR in 2022:
- Macao SAR (13.8 tons)
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