Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR - 2023

Contents:

  1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR (CIF) - 2022
  2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR (FOB) - 2023
  3. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR
  4. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for seeds, fruit and spores; of a kind used for sowing amounted to $25,947 per ton, declining by -8.1% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seeds, fruit and spores; of a kind used for sowing increased by +43.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. The import price peaked at $28,242 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($762,016 per ton), while the price for New Zealand ($2,617 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR (FOB) - 2023

In September 2023, the average export price for seeds, fruit and spores; of a kind used for sowing amounted to $46,817 per ton, rising by 112% against the previous month. Overall, the export price enjoyed perceptible growth. The pace of growth was the most pronounced in January 2023 when the average export price increased by 187% month-to-month. Over the period under review, the average export prices hit record highs at $60,029 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($49,852 per ton), while the average price for exports to Thailand amounted to $32,640 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR

In 2022, approx. 1.9K tons of seeds, fruit and spores; of a kind used for sowing were imported into Hong Kong SAR; picking up by 2.8% on 2021 figures. Over the period under review, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing fell to $48M in 2022. Overall, imports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year.

Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan33.720.934.033.90.2%
Netherlands11.34.46.13.9-29.9%
United States1.32.63.33.437.8%
Denmark1.50.70.92.823.1%
China1.53.72.91.86.3%
Australia0.60.91.20.5-5.9%
Thailand1.90.40.40.2-52.8%
New Zealand0.3N/A0.10.1-30.7%
Others2.31.62.41.8-7.8%
Total54.435.351.348.4-3.8%

Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Hong Kong SAR in 2022:

  1. Netherlands (874.5 tons)
  2. Denmark (362.4 tons)
  3. United States (272.1 tons)
  4. Australia (103.5 tons)
  5. China (100.6 tons)
  6. Japan (44.5 tons)
  7. New Zealand (33.0 tons)
  8. Thailand (5.0 tons)

Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR

In 2022, the amount of seeds, fruit and spores; of a kind used for sowing exported from Hong Kong SAR declined to 1.7K tons, which is down by -13.9% against the previous year. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports reached the peak of 2K tons, and then contracted in the following year.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing contracted significantly to $46M in 2022. Overall, total exports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $71M, and then shrank dramatically in the following year.

Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China40.041.466.242.82.3%
Japan2.21.42.11.4-14.0%
Philippines0.30.30.40.2-12.6%
Vietnam0.10.10.50.226.0%
Others1.11.11.61.10.0%
Total43.744.370.945.71.5%

Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Hong Kong SAR in 2022:

  1. China (1551.7 tons)
  2. Japan (45.8 tons)
  3. Philippines (34.0 tons)
  4. Vietnam (33.9 tons)

Source: IndexBox Market Intelligence Platform

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