Price for Vegetable Saps and Extracts; Opium in Hong Kong SAR - 2022

Price for Vegetable Saps and Extracts; Opium in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; opia amounted to $11,934 per ton, which is down by -25.5% against the previous year. Overall, the import price recorded a sharp slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 73%. Over the period under review, average import prices attained the maximum at $278,480 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($203,600 per ton), while the price for the United States ($9,798 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-10.5%), while the prices for the other major suppliers experienced a decline.

Imports of Vegetable Saps and Extracts; Opium in Hong Kong SAR

In 2022, approx. 358 kg of vegetable saps and extracts; opia were imported into Hong Kong SAR; rising by 56% on 2021 figures. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, vegetable saps and extracts; opium imports soared to $5.2K in 2022. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 90%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.