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Hong Kong SAR, China - Frozen Vegetables And Mixtures Of Vegetables - Market Analysis, Forecast, Size, Trends And Insights
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Hong Kong SAR, China: Frozen Vegetables Market Overview 2021

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Frozen Vegetables Market Size in Hong Kong SAR, China

The Hong Kong frozen vegetables market expanded markedly to $X in 2020, growing by X% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Frozen vegetables consumption peaked in 2020 and is likely to continue growth in years to come.

Frozen Vegetables Production in Hong Kong SAR, China

In value terms, frozen vegetables production expanded rapidly to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2016 to 2020, production growth remained at a somewhat lower figure.

Frozen Vegetables Exports

Exports from Hong Kong SAR, China

In 2020, frozen vegetables exports from Hong Kong SAR contracted remarkably to X tonnes, with a decrease of -X% against the year before. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen vegetables exports reduced remarkably to $X in 2020. Overall, exports continue to indicate a slight decline. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Macao SAR (X tonnes) was the main destination for frozen vegetables exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, frozen vegetables exports to Macao SAR exceeded the volume sent to the second major destination, Malaysia (X tonnes), fivefold. Cambodia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Macao SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Cambodia (+X% per year).

In value terms, Macao SAR ($X) remains the key foreign market for frozen vegetables exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Macao SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and China (-X% per year).

Export Prices by Country

The average frozen vegetables export price stood at $X per tonne in 2020, jumping by X% against the previous year. In general, export price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Cambodia ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetables Imports

Imports into Hong Kong SAR, China

In 2020, imports of frozen vegetables and mixtures of vegetables into Hong Kong SAR skyrocketed to X tonnes, picking up by X% against 2019 figures. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen vegetables imports soared to $X in 2020. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, China (X tonnes) constituted the largest frozen vegetables supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, frozen vegetables imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), sixfold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Australia (+X% per year).

In value terms, China ($X), the U.S. ($X) and the Netherlands ($X) constituted the largest frozen vegetables suppliers to Hong Kong SAR, with a combined X% share of total imports. These countries were followed by Australia, Thailand and Japan, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen vegetables import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2019, and then fell rapidly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen vegetables and mixtures of vegetables in the world?
+
China (6M tonnes) remains the largest frozen vegetables consuming country worldwide, comprising approx. 15% of total volume. Moreover, frozen vegetables consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.7M tonnes), twofold. The third position in this ranking was occupied by India (2.4M tonnes), with a 6.2% share.
What are the largest producers of frozen vegetables and mixtures of vegetables in the world?
+
China (7.1M tonnes) remains the largest frozen vegetables producing country worldwide, accounting for 18% of total volume. Moreover, frozen vegetables production in China exceeded the figures recorded by the second-largest producer, India (2.5M tonnes), threefold. The third position in this ranking was occupied by the U.S. (1.9M tonnes), with a 4.9% share.
What are the leading suppliers of frozen vegetables and mixtures of vegetables to Hong Kong SAR, China?
+
In value terms, the largest frozen vegetables suppliers to Hong Kong SAR were China ($20M), the U.S. ($10M) and the Netherlands ($3.7M), together comprising 69% of total imports. These countries were followed by Australia, Thailand and Japan, which together accounted for a further 18%.
What are the leading importers of frozen vegetables and mixtures of vegetables from Hong Kong SAR, China?
+
In value terms, Macao SAR ($745K) remains the key foreign market for frozen vegetables exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was occupied by Cambodia ($155K), with a 16% share of total exports. It was followed by China, with a 3.8% share.
What is the average export price for frozen vegetables and mixtures of vegetables in Hong Kong SAR, China?
+
In 2020, the average frozen vegetables export price amounted to $1,753 per tonne, increasing by 48% against the previous year.
What is the average import price for frozen vegetables and mixtures of vegetables in Hong Kong SAR, China?
+
In 2020, the average frozen vegetables import price amounted to $1,248 per tonne, waning by -23.3% against the previous year.

Product coverage:
• Prodcom 10391100 - Frozen vegetables and mixtures of vegetables, uncooked or cooked by steaming or boiling in water (excluding potatoes)

This report provides an in-depth analysis of the frozen vegetables 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 2025.


Country coverage:
• China, 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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