Hong Kong SAR, China - Strawberries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStrawberry Price in Hong Kong SAR - 2023
Contents:
- Strawberry Price in Hong Kong SAR (CIF) - 2023
- Strawberry Price in Hong Kong SAR (FOB) - 2022
- Strawberry Imports in Hong Kong SAR
- Strawberry Exports in Hong Kong SAR
Strawberry Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average strawberry import price amounted to $10,163 per ton, increasing by 8.3% 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 November 2022 an increase of 60% m-o-m. Over the period under review, average import prices reached the maximum at $16,517 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($14,810 per ton), while the price for Japan ($4,769 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Strawberry Price in Hong Kong SAR (FOB) - 2022
The average strawberry export price stood at $7,351 per ton in 2022, waning by -7.8% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, strawberry export price decreased by -31.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 99% against the previous year. The export price peaked at $10,752 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($9,678 per ton), while the average price for exports to China stood at $5,217 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+6.4%).
Strawberry Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of strawberries, which decreased by -7.1% to 5.8K tons in 2022. Overall, imports saw a perceptible reduction. The smallest decline of -0.3% was in 2020.
In value terms, strawberry imports expanded sharply to $82M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Strawberry in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.3 | 23.5 | 32.4 | 42.7 | 35.1% |
| United States | 16.0 | 14.6 | 14.0 | 16.4 | 0.8% |
| South Korea | 17.0 | 17.2 | 21.5 | 16.1 | -1.8% |
| Netherlands | 0.2 | 0.3 | 1.3 | 1.4 | 91.3% |
| China | N/A | N/A | 0.4 | 1.3 | 225.0% |
| Spain | 1.4 | 1.3 | 0.4 | 0.8 | -17.0% |
| Australia | 1.2 | 1.2 | 0.8 | 0.6 | -20.6% |
| Mexico | 2.8 | 3.0 | 2.8 | 0.6 | -40.2% |
| Chile | 1.2 | 2.8 | 0.1 | 0.2 | -45.0% |
| Others | 2.2 | 1.6 | 1.4 | 1.4 | -14.0% |
| Total | 59.4 | 65.4 | 75.1 | 81.5 | 11.1% |
Top Suppliers of Strawberry to Hong Kong SAR in 2022:
- Japan (2028.0 tons)
- United States (1656.9 tons)
- South Korea (1382.3 tons)
- China (156.7 tons)
- Netherlands (109.2 tons)
- Spain (104.7 tons)
- Australia (76.1 tons)
- Mexico (46.4 tons)
- Chile (31.2 tons)
Strawberry Exports in Hong Kong SAR
In 2022, approx. 60 tons of strawberries were exported from Hong Kong SAR; rising by 91% against the previous year. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, strawberry exports surged to $440K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Strawberry in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 67.2 | 156 | 168 | 277 | 60.3% |
| China | 59.7 | N/A | 82.3 | 163 | 39.8% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 128 | 156 | 250 | 440 | 50.9% |
Top Export Markets for Strawberry from Hong Kong SAR in 2022:
- China (31.2 tons)
- Macao SAR (28.6 tons)
This report provides an in-depth analysis of the strawberry market 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 544 - Strawberries
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
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In June 2023, the price of Strawberry was $9,605 per ton (CIF, Hong Kong), experiencing a decrease of -6.2% compared to the previous month.
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In December 2022, imports of Berry increased significantly, with a growth rate of 707% compared to the previous month. The value of berry imports also saw a remarkable surge, reaching $22 million in October 2023.
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