Hong Kong SAR, China - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Preserved and Frozen Vegetable in Hong Kong SAR - 2023
Contents:
- Price for Preserved and Frozen Vegetable in Hong Kong SAR (CIF) - 2023
- Price for Preserved and Frozen Vegetable in Hong Kong SAR (FOB) - 2023
- Imports of Preserved and Frozen Vegetable in Hong Kong SAR
- Exports of Preserved and Frozen Vegetable in Hong Kong SAR
Price for Preserved and Frozen Vegetable in Hong Kong SAR (CIF) - 2023
In September 2023, the average preserved and frozen vegetable import price amounted to $1,904 per ton, remaining constant against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 4.1% against the previous month. The import price peaked at $1,983 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Japan ($2,121 per ton) and Canada ($2,056 per ton), while the price for Belgium ($1,416 per ton) and India ($1,706 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Preserved and Frozen Vegetable in Hong Kong SAR (FOB) - 2023
In September 2023, the average preserved and frozen vegetable export price amounted to $1,886 per ton, almost unchanged from the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in October 2022 an increase of 18% month-to-month. Over the period under review, the average export prices reached the maximum at $2,013 per ton in June 2023; however, from July 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In September 2023, the country with the highest price was Macao SAR ($1,935 per ton), while the average price for exports to the Philippines stood at $1,405 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Preserved and Frozen Vegetable in Hong Kong SAR
In 2022, approx. 33K tons of vegetables (preserved, frozen) were imported into Hong Kong SAR; shrinking by -2.6% on 2021 figures. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of 34K tons, and then shrank slightly in the following year.
In value terms, preserved and frozen vegetable imports rose sharply to $55M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +49.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Preserved and Frozen Vegetable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.3 | 28.3 | 27.0 | 36.6 | 4.3% |
| China | 3.0 | 2.7 | 11.0 | 5.3 | 20.9% |
| Canada | 0.5 | 0.5 | 2.8 | 4.0 | 100.0% |
| Netherlands | 1.1 | 1.0 | 2.9 | 3.0 | 39.7% |
| Japan | 1.7 | 2.1 | 2.0 | 2.0 | 5.6% |
| Belgium | 0.5 | 0.5 | 0.8 | 1.2 | 33.9% |
| Others | 1.7 | 1.8 | 2.5 | 3.0 | 20.8% |
| Total | 40.9 | 36.9 | 49.1 | 55.2 | 10.5% |
Top Suppliers of Preserved and Frozen Vegetable to Hong Kong SAR in 2022:
- United States (22.7K tons)
- China (3.6K tons)
- Canada (2.5K tons)
- Netherlands (2.1K tons)
- Belgium (0.9K tons)
- Japan (0.5K tons)
Exports of Preserved and Frozen Vegetable in Hong Kong SAR
In 2022, preserved and frozen vegetable exports from Hong Kong SAR declined remarkably to 2.1K tons, with a decrease of -30.8% on 2021 figures. In general, exports faced a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 15%.
In value terms, preserved and frozen vegetable exports declined to $3.4M in 2022. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year.
| Export of Preserved and Frozen Vegetable in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 2,788 | 2,327 | 2,910 | 3,072 | 3.3% |
| Malaysia | N/A | 77.3 | 140 | 197 | 59.6% |
| Spain | N/A | 353 | 502 | 76.7 | -53.4% |
| Taiwan (Chinese) | N/A | N/A | N/A | 57.7 | 0% |
| China | 1,064 | 469 | 331 | 0.9 | -90.5% |
| Philippines | 608 | N/A | N/A | N/A | 0% |
| Others | N/A | 15.4 | N/A | 37.6 | 56.3% |
| Total | 4,460 | 3,242 | 3,883 | 3,441 | -8.3% |
Top Export Markets for Preserved and Frozen Vegetable from Hong Kong SAR in 2022:
- Macao SAR (1755.6 tons)
- Malaysia (192.1 tons)
- Spain (70.8 tons)
- Taiwan (Chinese) (46.8 tons)
- China (0.7 tons)
This report provides an in-depth analysis of the market for preserved and frozen vegetable 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 475 - Vegetables, Preserved (Frozen)
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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In value terms, preserved and frozen vegetables imports amounted to $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate ...
840
In value terms, vegetable preparations imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern remai...
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Belgium continued its dominance in the global trade of preserved and frozen vegetable. In 2014, Belgium exported X thousand tons of preserved and frozen vegetables totaling X million USD, X% under the previous year. Its primary trading partne
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In 2013, global production of frozen vegetables was estimated at X thousand tons, which was X thousand tons more than in 2012. There was an annual increase of X% in physical terms and X% in value terms over the period 2007-2013.
