Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR (CIF) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR (FOB) - 2023
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,534 per ton, increasing by 7.9% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,630 per ton in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Australia ($4,306 per ton), while the price for China ($1,148 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 the United States (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR (FOB) - 2023
The average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $3,315 per ton in November 2023, increasing by 13% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 57% against the previous month. The export price peaked at $3,535 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From November 2022 to November 2023, the rate of growth in terms of prices for Vietnam amounted to 0.0% per month.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR
In 2022, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen into Hong Kong SAR reduced to 27K tons, falling by -14.6% on 2021 figures. Overall, imports saw a deep downturn. The smallest decline of -9.8% was in 2020.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen totaled $41M in 2022. In general, imports recorded a abrupt decline.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.0 | 20.0 | 14.7 | 16.8 | -5.6% |
| United States | 18.3 | 13.1 | 11.6 | 10.1 | -18.0% |
| Japan | 1.4 | 2.9 | 2.8 | 2.9 | 27.5% |
| Thailand | 2.2 | 2.9 | 2.3 | 2.7 | 7.1% |
| Australia | 3.6 | 2.9 | 1.9 | 2.3 | -13.9% |
| Netherlands | 4.3 | 3.7 | 1.8 | 1.7 | -26.6% |
| Belgium | 0.7 | 0.7 | 0.7 | 0.8 | 4.6% |
| Others | 5.7 | 6.2 | 5.1 | 3.7 | -13.4% |
| Total | 56.2 | 52.2 | 41.0 | 41.0 | -10.0% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Hong Kong SAR in 2022:
- China (16.4K tons)
- United States (5.3K tons)
- Thailand (1.6K tons)
- Japan (0.7K tons)
- Australia (0.5K tons)
- Netherlands (0.4K tons)
- Belgium (0.4K tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR
In 2022, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen from Hong Kong SAR skyrocketed to 1K tons, jumping by 20% against 2021 figures. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen surged to $2.8M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,533 | 1,329 | 1,214 | 2,244 | 13.5% |
| Malaysia | 209 | 33.5 | 27.7 | 511 | 34.7% |
| Cambodia | 101 | 155 | 73.1 | 46.0 | -23.1% |
| Vietnam | 108 | N/A | 383 | N/A | 88.3% |
| Others | 79.8 | 50.3 | N/A | 8.8 | -52.0% |
| Total | 2,032 | 1,567 | 1,699 | 2,810 | 11.4% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Hong Kong SAR in 2022:
- Macao SAR (651.2 tons)
- Malaysia (357.8 tons)
- Cambodia (10.0 tons)
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