Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR - 2024

Contents:

  1. Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR (CIF) - 2024
  2. Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR (FOB) - 2022
  3. Imports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR
  4. Exports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR

Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR (CIF) - 2024

The average import price for vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen stood at $1,164 per ton in March 2024, reducing by -3.8% against the previous month. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 9.6% against the previous month. Over the period under review, average import prices reached the maximum at $3,303 per ton in March 2023; however, from April 2023 to March 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the Netherlands ($7,019 per ton), while the price for Hungary ($474 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced a decline.

Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen amounted to $1,927 per ton, surging by 12% against the previous year. In general, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 172%. As a result, the export price reached the peak level of $3,409 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($4,597 per ton), while the average price for exports to Malaysia ($491 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 Vietnam (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR

In 2022, supplies from abroad of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen decreased by -41.6% to 6.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a precipitous setback. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of 18K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen declined to $11M in 2022. In general, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.37.33.94.2-12.6%
Australia0.50.71.62.058.7%
United States2.83.32.71.9-12.1%
Netherlands0.40.61.11.140.1%
Others2.73.33.32.1-8.0%
Total12.515.212.611.3-3.3%

Top Suppliers of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen to Hong Kong SAR in 2022:

  1. China (10.0K tons)
  2. United States (0.7K tons)
  3. Australia (0.4K tons)
  4. Netherlands (0.3K tons)

Exports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR

In 2022, the amount of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen exported from Hong Kong SAR shrank markedly to 138 tons, waning by -15.4% against the year before. Overall, exports showed a precipitous decrease.

In value terms, exports of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen reduced to $266K in 2022. Over the period under review, exports saw a drastic downturn.

Export of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Macao SAR1371701541482.6%
Malaysia20933.527.771.5-30.1%
Cambodia10115554.046.0-23.1%
Others8.5N/A45.5N/A131.4%
Total456358281266-16.4%

Top Export Markets for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen from Hong Kong SAR in 2022:

  1. Malaysia (145.7 tons)
  2. Macao SAR (75.9 tons)
  3. Cambodia (10.0 tons)

Source: IndexBox Market Intelligence Platform

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