Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR - 2023

Contents:

1. Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR (CIF) - 2022
2. Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR (FOB) - 2022
3. Imports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR
4. Exports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR

Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for vegetables, brassica; brussel sprouts, fresh or chilleds amounted to $5,852 per ton, picking up by 4% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetables, brassica; brussel sprouts, fresh or chilleds decreased by -2.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $6,030 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,144 per ton), while the price for Germany ($2,370 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for vegetables, brassica; brussel sprouts, fresh or chilleds amounted to $3,553 per ton, surging by 14% against the previous year. Over the period under review, the export price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23%. The export price peaked at $4,500 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($3,655 per ton), while the average price for exports to Macao SAR stood at $3,565 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+26.2%).

Imports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR

In 2022, approx. 109 tons of vegetables, brassica; brussel sprouts, fresh or chilleds were imported into Hong Kong SAR; increasing by 31% against 2021 figures. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetables, brassica; brussel sprouts, fresh or chilleds soared to $639K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 44%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled to Hong Kong SAR in 2022:

1. United States (46.6 tons)
2. Australia (16.0 tons)
3. Netherlands (15.7 tons)
4. Sweden (11.6 tons)
5. United Kingdom (6.5 tons)
6. New Zealand (4.7 tons)
7. Germany (4.6 tons)

Exports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of vegetables, brassica; brussel sprouts, fresh or chilleds, which decreased by -51.7% to 141 kg in 2022. Overall, exports faced a precipitous slump. The smallest decline of -35.3% was in 2021.

In value terms, exports of vegetables, brassica; brussel sprouts, fresh or chilleds shrank sharply to $501 in 2022. In general, exports saw a precipitous contraction. The smallest decline of -25.9% was in 2020.

Top Export Markets for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled from Hong Kong SAR in 2022:

1. Singapore (58.0 kg)
2. Macao SAR (23.0 kg)

Source: IndexBox Market Intelligence Platform