Price for Pectic Substances; Pectinates and Pectates in Hong Kong SAR - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Hong Kong SAR (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Hong Kong SAR (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Hong Kong SAR
4. Exports of Pectic Substances; Pectinates and Pectates in Hong Kong SAR

Price for Pectic Substances; Pectinates and Pectates in Hong Kong SAR (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $45,156 per ton in 2022, increasing by 43% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2015 when the average import price increased by 132% against the previous year. The import price peaked at $45,916 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($52,806 per ton), while the price for Brazil ($13,121 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+45.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Hong Kong SAR (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $11,988 per ton in 2022, falling by -23.6% against the previous year. In general, the export price, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2020 an increase of 102%. Over the period under review, the average export prices attained the maximum at $15,696 per ton in 2021, and then dropped remarkably in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($14,600 per ton), while the average price for exports to Iran ($11,979 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in Hong Kong SAR

In 2022, approx. 62 tons of pectic substances; pectinates and pectateses were imported into Hong Kong SAR; with an increase of 44% on the year before. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 584%. As a result, imports attained the peak of 64 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pectic substances; pectinates and pectates imports surged to $2.8M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 338%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Hong Kong SAR in 2022:

1. Bulgaria (49.0 tons)
2. Brazil (10.0 tons)
3. France (1.3 tons)
4. Malaysia (1.1 tons)

Exports of Pectic Substances; Pectinates and Pectates in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of pectic substances; pectinates and pectateses, which decreased by -15.9% to 20 tons in 2022. Overall, exports saw a dramatic contraction.

In value terms, pectic substances; pectinates and pectates exports contracted remarkably to $245K in 2022. In general, exports showed a precipitous descent. The smallest decline of -9.5% was in 2021.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Hong Kong SAR in 2022:

1. Taiwan (Chinese) (undefined tons)
2. Iran (20.0 tons)
3. China (0.4 tons)

Source: IndexBox Market Intelligence Platform