Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR (CIF) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR (FOB) - 2023
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,340 per ton, waning by -18.5% against the previous month. Overall, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 21% m-o-m. The import price peaked at $1,657 per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($2,863 per ton), while the price for Italy ($1,183 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $2,051 per ton, rising by 15% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 26% month-to-month. As a result, the export price reached the peak level of $2,477 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was China ($2,183 per ton), while the average price for exports to Macao SAR amounted to $1,989 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR
In 2022, overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -13.1% to 7.1K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of 1.1%. As a result, imports attained the peak of 8.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid shrank modestly to $8.5M in 2022. Overall, imports showed a pronounced descent. The smallest decline of -2.6% was in 2020.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.2 | 4.3 | 5.3 | 5.3 | 8.1% |
| China | 1.7 | 1.7 | 1.0 | 1.3 | -8.6% |
| United States | 2.8 | 2.5 | 1.8 | 1.0 | -29.1% |
| Mexico | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Spain | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Singapore | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Total | 9.6 | 9.3 | 9.0 | 8.5 | -4.0% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Hong Kong SAR in 2022:
- Italy (4.9K tons)
- China (1.1K tons)
- United States (0.5K tons)
- Mexico (0.2K tons)
- Spain (0.2K tons)
- Singapore (0.1K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, which decreased by -60.8% to 477 tons in 2022. Over the period under review, exports saw a precipitous curtailment. The smallest decline of -2.1% was in 2021.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid shrank sharply to $901K in 2022. Overall, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 757 | 478 | 424 | 519 | -11.8% |
| China | 1,502 | 982 | 1,064 | 322 | -40.2% |
| Guam | 104 | 52.2 | 109 | 51.7 | -20.8% |
| Others | 17.7 | 6.4 | 90.1 | 8.6 | -21.4% |
| Total | 2,381 | 1,519 | 1,688 | 901 | -27.7% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Hong Kong SAR in 2022:
- Macao SAR (289.3 tons)
- China (140.0 tons)
- Guam (41.7 tons)
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This report provides an in-depth analysis of the preserved tomato market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the tomato puree market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global preserved tomato market.
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2120
The U.S. continued its dominance in the global trade of tomato ketchup and paste. In 2014, the U.S. exported X thousand tons of tomato ketchup and paste totaling X million USD, X% over the previous year. Its primary trading partner was Canada, w
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