Price for Fruit Pears and Quinces in Hong Kong SAR - 2022
Contents:
- Price for Fruit Pears and Quinces in Hong Kong SAR (FOB) - 2022
- Exports of Fruit Pears and Quinces in Hong Kong SAR
Price for Fruit Pears and Quinces in Hong Kong SAR (FOB) - 2022
In 2022, the average fruit pears and quinces export price amounted to $2,990 per ton, rising by 17% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($2,970 per ton), while the average price for exports to Malaysia amounted to $2,023 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.7%).
Exports of Fruit Pears and Quinces in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of fruit, edible, which decreased by -11.4% to 24 tons in 2022. Over the period under review, exports showed a deep contraction.
In value terms, fruit pears and quinces exports rose slightly to $72K in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fruit Pears and Quinces in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 45.4 | 47.1 | 48.7 | 50.3 | 3.5% |
| Malaysia | 15.4 | 15.0 | 14.6 | 14.2 | -2.7% |
| Others | 5.0 | 5.8 | 6.7 | 7.8 | 16.0% |
| Total | 65.8 | 67.9 | 70.1 | 72.3 | 3.2% |
Top Export Markets for Fruit, Edible; Pears and Quinces, Fresh from Hong Kong SAR in 2022:
- Brunei Darussalam (16.9 tons)
- Malaysia (7.0 tons)
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