Hong Kong SAR, China - Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVegetable Price in Hong Kong SAR - 2023
Contents:
- Vegetable Price in Hong Kong SAR (CIF) - 2022
- Vegetable Price in Hong Kong SAR (FOB) - 2022
- Vegetable Imports in Hong Kong SAR
- Vegetable Exports in Hong Kong SAR
Vegetable Price in Hong Kong SAR (CIF) - 2022
In 2022, the average vegetable import price amounted to $1,039 per ton, picking up by 20% against the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 22%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,559 per ton), while the price for China stood at $944 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%).
Vegetable Price in Hong Kong SAR (FOB) - 2022
In 2022, the average vegetable export price amounted to $1,536 per ton, increasing by 10% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 32%. The export price peaked at $2,129 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,621 per ton), while the average price for exports to Malaysia ($575 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 Taiwan (Chinese) (+186.1%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Imports in Hong Kong SAR
After three years of growth, supplies from abroad of vegetables decreased by -19% to 761K tons in 2022. In general, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 9.9% against the previous year.
In value terms, vegetable imports fell modestly to $790M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year.
Import of Vegetable in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 416 | 561 | 650 | 673 | 17.4% |
Others | 115 | 149 | 160 | 118 | 0.9% |
Total | 532 | 710 | 811 | 790 | 14.1% |
Top Suppliers of Vegetable to Hong Kong SAR in 2022:
- China (712.1K tons)
Vegetable Exports in Hong Kong SAR
In 2022, shipments abroad of vegetables decreased by -70.5% to 3.6K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 73% against the previous year. As a result, the exports reached the peak of 12K tons, and then fell dramatically in the following year.
In value terms, vegetable exports fell remarkably to $5.5M in 2022. In general, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 83%. As a result, the exports reached the peak of $17M, and then reduced sharply in the following year.
Export of Vegetable in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 6.3 | 3.6 | 4.1 | 3.4 | -18.6% |
Philippines | 0.2 | 4.5 | 11.7 | 1.2 | 81.7% |
United States | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
China | 1.3 | 0.9 | 0.4 | 0.3 | -38.7% |
Malaysia | N/A | N/A | N/A | 0.1 | 0% |
Vietnam | N/A | N/A | 0.4 | N/A | 0% |
Others | 0.5 | 0.1 | 0.2 | 0.1 | -41.5% |
Total | 8.3 | 9.2 | 16.9 | 5.5 | -12.8% |
Top Export Markets for Vegetable from Hong Kong SAR in 2022:
- Macao SAR (1661.3 tons)
- Philippines (1280.3 tons)
- China (279.8 tons)
- Malaysia (189.5 tons)
- United States (99.0 tons)
- Vietnam (50.4 tons)
This report provides an in-depth analysis of the vegetable market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 116 - Potatoes
- FCL 388 - Tomatoes, fresh
- FCL 402 - Onions, shallots (green)
- FCL 403 - Onions, dry
- FCL 406 - Garlic
- FCL 407 - Leeks and other alliaceous vegetables
- FCL 393 - Cauliflowers and broccoli
- FCL 372 - Lettuce and chicory
- FCL 426 - Carrot
- FCL 397 - Cucumbers and gherkins
- FCL 417 - Peas, green
- FCL 414 - Beans, green
- FCL 423 - String Beans
- FCL 367 - Asparagus
- FCL 399 - Eggplants
- FCL 401 - Chillies and peppers (green)
- FCL 373 - Spinach
- FCL 260 - Olives
- FCL 394 - Pumpkins, squash and gourds
- FCL 463 - Vegetables, Fresh n.e.s.
- FCL 446 - Green Corn (Maize)
- FCL 430 - Okra
- FCL 394 - Pumpkins, squash and gourds
- FCL 378 - Cassava leaves
- FCL 366 - Artichokes
- FCL 260 - Olives
- FCL 358 - Cabbages
- FCL 449 - Mushrooms
- FCL 366 - Artichokes
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the vegetable market in Hong Kong SAR, China.
This report provides an in-depth analysis of the potato market in Hong Kong SAR, China.
This report provides an in-depth analysis of the vegetable and melon market in Hong Kong SAR, China.
This report provides an in-depth analysis of the vegetable market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global vegetable market.
This report provides an in-depth analysis of the global potato market.
This report provides an in-depth analysis of the global vegetable and melon market.
This report provides an in-depth analysis of the global vegetable market.
This report provides an in-depth analysis of the vegetable market in Hong Kong SAR, China.
This report provides an in-depth analysis of the potato market in Hong Kong SAR, China.
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