Increase in Price of Peaches and Nectarines in Hong Kong

Increase in Price of Peaches and Nectarines in Hong Kong

Hong Kong Peach And Nectarine Import Price in May 2023

In May 2023, the price of peaches and nectarines in Hong Kong rose to $10,635 per ton, showing a significant increase of 376% compared to the previous month. The import price experienced overall positive growth, reaching record highs at $11,049 per ton in July 2022. However, from August 2022 to May 2023, import prices remained relatively lower.

Prices varied depending on the country of origin, with Japan having the highest price at $22,379 per ton, while Australia offered peaches and nectarines at a lower price of $8,298 per ton.

During the period from May 2022 to May 2023, Chile showed the most notable price growth of 0.5%, while other major suppliers experienced a decline in prices.

Hong Kong Peach And Nectarine Import Prices By Country (USD Per Ton)

Hong Kong Peach And Nectarine Imports

In May 2023, the import of peaches and nectarines to Hong Kong declined by -85% to 70 tons, marking the third consecutive month of decline after three months of growth. The overall trend showed a significant downturn. The most significant growth rate was observed in January 2023, with a 992% month-to-month increase in imports.

In terms of value, peach and nectarine import value sharply dropped to $740K (IndexBox estimates) in May 2023. Imports during the review period experienced a deep slump. The highest growth rate was recorded in January 2023, with a 564% month-to-month increase in imports.

Hong Kong Peach And Nectarine Imports by Country

Japan, China, and Spain were the main suppliers of peach and nectarine imports to Hong Kong, accounting for 83% of total imports. Egypt, the Netherlands, Turkey, and Australia followed behind, contributing another 15% to the total imports. The Netherlands showed the highest increase in CAGR at +21.5% from May 2022 to May 2023, while other leading suppliers experienced relatively modest growth rates.

In terms of value, Japan constituted the largest supplier with a 79% share of total imports, followed by Spain with 9.3% and the Netherlands with 2.8%. From May 2022 to May 2023, the average monthly growth rate of value from Japan was -2.5%. Spain and the Netherlands recorded average monthly growth rates of +18.7% and +20.3% respectively for imports.

Source: IndexBox Market Intelligence Platform

Comments

Post a Comment

Popular posts from this blog

China's Import of Diethanolamine Decreases Slightly to $4.8 Million in June 2023

Image
China Diethanolamine Imports In June 2023, China imported approximately 5.5K tons of diethanolamine and its salts, marking a 14.3% decline compared to the previous month. Overall, imports showed a relatively steady trend. The highest growth rate occurred in May 2023, with a 475% month-to-month increase. In terms of value, diethanolamine imports in June 2023 reached $4.8M according to IndexBox estimates. Imports continued to contract during the review period. The most rapid growth rate occurred in May 2023, with a 486% increase compared to the previous month. Imports by Country In June 2023, Saudi Arabia was the largest supplier of diethanolamine to China, accounting for 72% of total imports with 4K tons. Malaysia, the second-largest supplier, only provided 552 tons, a sevenfold difference compared to Saudi Arabia. Between June 2022 and June 2023, the average monthly growth rate of volume from Saudi Arabia was relatively modest. In terms of value, Saudi Arabia constituted 72% of total i
Read more

Maleic Anhydride Imports in Turkey Experience a Significant 36% Decrease in July 2023, Totaling $4M

Image
In July 2023, the volume of maleic anhydride imports in Turkey declined by 32.1% to 3.9K tons, marking the second consecutive month of decline after three months of growth. However, overall imports showed a noticeable expansion, with the most rapid growth recorded in August 2022 at a 140% increase compared to the previous month. In terms of value, maleic anhydride imports saw a significant drop to $4M in July 2023, according to estimates from IndexBox. Imports experienced a pronounced shrinkage during the review period, with the most pronounced growth occurring in August 2022, reaching a peak of $12M. From September 2022 to July 2023, import growth remained at a slightly lower figure. Russia, China, and South Korea were the main suppliers of maleic anhydride imports to Turkey, accounting for a combined 91% share of total imports. During the period from July 2022 to July 2023, Russia experienced the highest growth rate in terms of volume, with a CAGR of +24.0%, while other leading sup
Read more

Top Countries for Importing Chocolate and Confectionery Products Worldwide

Image
Chocolate and confectionery products have always been beloved treats across the globe due to their delicious flavors and indulgent qualities. As a result, the chocolate and confectionery industry has become a thriving sector, with many countries involved in the import and export of these delightful treats. In this article, we will discuss the leading import markets for chocolate and confectionery products worldwide, supported by data and statistics from the IndexBox market report. 1. United States The United States holds the top spot as the largest import market for chocolate and confectionery products with an impressive import value of $10.366 billion in 2022. The American population's deep love for sweets makes it a highly sought-after destination for confectionery imports. With a wide range of options available, from artisanal chocolates to iconic candy brands, the U.S. market caters to the diverse preferences of chocolate and confectionery enthusiasts. The country's large c
Read more