Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR - 2023
Contents:
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR (CIF) - 2022
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR (FOB) - 2023
- Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR
- Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR (CIF) - 2022
The average import price for seed; vegetable seed, of a kind used for sowings stood at $24,615 per ton in 2022, dropping by -7.2% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 seed; vegetable seed, of a kind used for sowings increased by +34.0% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 27%. Over the period under review, average import prices attained the peak figure at $26,516 per ton in 2021, and then dropped in the following year.
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 Japan ($750,482 per ton), while the price for New Zealand ($2,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR (FOB) - 2023
The average export price for seed; vegetable seed, of a kind used for sowings stood at $30,335 per ton in November 2023, waning by -35.8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 182% m-o-m. Over the period under review, the average export prices hit record highs at $54,279 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -1.2% per month.
Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR
Imports of seed; vegetable seed, of a kind used for sowings into Hong Kong SAR amounted to 1.8K tons in 2022, with an increase of 3.2% compared with 2021 figures. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 18%.
In value terms, imports of seed; vegetable seed, of a kind used for sowings reduced modestly to $44M in 2022. In general, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 43%.
| Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 31.9 | 18.9 | 30.4 | 30.9 | -1.1% |
| Netherlands | 11.3 | 4.4 | 6.0 | 3.9 | -29.9% |
| United States | 0.8 | 2.3 | 3.1 | 3.0 | 55.4% |
| Denmark | 1.5 | 0.7 | 0.9 | 2.8 | 23.1% |
| China | 1.5 | 3.7 | 2.9 | 1.8 | 6.3% |
| Australia | 0.6 | 0.8 | 1.1 | 0.5 | -5.9% |
| Thailand | 1.9 | 0.4 | 0.4 | 0.2 | -52.8% |
| New Zealand | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Others | 2.0 | 1.1 | 1.4 | 1.4 | -11.2% |
| Total | 51.8 | 32.5 | 46.4 | 44.5 | -4.9% |
Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Hong Kong SAR in 2022:
- Netherlands (874.5 tons)
- Denmark (362.4 tons)
- United States (225.5 tons)
- Australia (102.3 tons)
- China (100.0 tons)
- Japan (41.1 tons)
- New Zealand (33.0 tons)
- Thailand (5.2 tons)
Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR
Exports of seed; vegetable seed, of a kind used for sowings from Hong Kong SAR fell to 1.7K tons in 2022, shrinking by -14% compared with 2021 figures. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 2K tons, and then fell in the following year.
In value terms, exports of seed; vegetable seed, of a kind used for sowings reduced notably to $42M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, the exports attained the peak of $66M, and then shrank remarkably in the following year.
| Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.8 | 38.5 | 61.3 | 39.4 | 0.5% |
| Japan | 2.1 | 1.4 | 2.1 | 1.4 | -12.6% |
| Philippines | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Vietnam | 0.1 | 0.1 | 0.5 | 0.2 | 26.0% |
| Others | 1.1 | 1.1 | 1.6 | 1.1 | 0.0% |
| Total | 42.4 | 41.3 | 65.9 | 42.3 | -0.1% |
Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Hong Kong SAR in 2022:
- China (1540.3 tons)
- Japan (45.8 tons)
- Philippines (34.0 tons)
- Vietnam (33.9 tons)
339
This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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