Hong Kong SAR, China - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAsparagus Price in Hong Kong SAR - 2023
Contents:
- Asparagus Price in Hong Kong SAR (CIF) - 2023
- Asparagus Price in Hong Kong SAR (FOB) - 2022
- Asparagus Imports in Hong Kong SAR
- Asparagus Exports in Hong Kong SAR
Asparagus Price in Hong Kong SAR (CIF) - 2023
The average asparagus import price stood at $4,944 per ton in June 2023, with a decrease of -13.1% against the previous month. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in November 2022 an increase of 15% month-to-month. The import price peaked at $6,001 per ton in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($9,521 per ton), while the price for Thailand ($2,276 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Peru (-0.4%), while the prices for the other major suppliers experienced a decline.
Asparagus Price in Hong Kong SAR (FOB) - 2022
In 2022, the average asparagus export price amounted to $8,466 per ton, waning by -19.5% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 40%. Over the period under review, the average export prices reached the peak figure at $10,510 per ton in 2021, and then reduced sharply in the following year.
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 Macao SAR amounted to +5.5% per year.
Asparagus Imports in Hong Kong SAR
Asparagus imports into Hong Kong SAR reduced markedly to 1.4K tons in 2022, declining by -20.2% on 2021. Overall, imports recorded a abrupt setback. The smallest decline of -1.4% was in 2021.
In value terms, asparagus imports fell markedly to $7.1M in 2022. In general, imports saw a abrupt decline. The smallest decline of -7.1% was in 2021.
Import of Asparagus in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.3 | 5.2 | 4.4 | 4.0 | -2.4% |
Thailand | 1.6 | 1.6 | 1.3 | 1.3 | -6.7% |
Peru | 2.3 | 1.1 | 1.4 | 0.8 | -29.7% |
Australia | 0.9 | 0.7 | 0.9 | 0.7 | -8.0% |
Others | 0.6 | 0.4 | 0.3 | 0.2 | -30.7% |
Total | 9.7 | 9.0 | 8.3 | 7.1 | -9.9% |
Top Suppliers of Asparagus to Hong Kong SAR in 2022:
- United States (681.2 tons)
- Thailand (430.4 tons)
- Australia (120.1 tons)
- Peru (105.5 tons)
Asparagus Exports in Hong Kong SAR
In 2022, shipments abroad of asparagus was finally on the rise to reach 3.8 tons after two years of decline. Over the period under review, exports, however, showed a abrupt downturn.
In value terms, asparagus exports surged to $32K in 2022. In general, exports, however, showed a abrupt slump.
Export of Asparagus in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 63.1 | 24.3 | 25.2 | 32.4 | -19.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 63.1 | 24.3 | 25.2 | 32.4 | -19.9% |
Top Export Markets for Asparagus from Hong Kong SAR in 2022:
- Macao SAR (3.8 tons)
This report provides an in-depth analysis of the asparagus 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 367 - Asparagus
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
-
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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Imports of Asparagus peaked at 1.9K tons in 2019, but decreased from 2020 to 2023. In terms of value, asparagus imports dropped slightly to $6.7M in 2023.
The most notable growth rate was observed in February 2023 with a month-on-month increase of 51%. Asparagus imports surged to $721K in November 2023 in terms of value.
From 2016 to 2023, the growth of imports for Mushroom And Truffle remained at a lower figure. In value terms, Mushroom And Truffle imports dropped to $14M in 2023.
From September 2023 to November 2023, the growth of imports remained at a lower figure. In value terms, Mushroom And Truffle imports fell to $1.4M in November 2023.
In March 2023, the mushroom and truffle price stood at $1,661 per ton (CIF, Hong Kong), rising by 9.6% against the previous month.
The import growth of Maize remained at a lower figure between April 2023 and June 2023. In terms of value, Maize imports showed a remarkable rise to $33M in June 2023.
Eggplant imports reached their highest point in October 2023, with a total value of $136K.
Discover the top import markets for asparagus around the globe based on key statistics and data from the IndexBox platform.
Global asparagus consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global asparagus exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.