Significant Surge in Dried Mushroom Price in Hong Kong Reaches $8,720 per Ton

Hong Kong Dried Mushroom Import Price in May 2023

In May 2023, the dried mushroom price stood at $8,720 per ton (CIF, Hong Kong), increasing by 84% against the previous month. Overall, import price indicated a buoyant expansion from May 2022 to May 2023: its price increased at an average monthly rate of +5.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, dried mushroom import price increased by +84.0% against April 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From May 2022 to May 2023, the rate of growth in terms of prices for China amounted to +6.2% per month.

Hong Kong Dried Mushroom Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In May 2023, the product with the highest price was vegetables; jelly fungi (tremella spp)), whole, cut, sliced, broken or in powder but not further prepared, dried ($15,045 per ton), while the price for vegetables; mushrooms, other than the genus agaricus and truffles, whole, cut, sliced, broken or in powder but not further prepared, dried ($8,524 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by vegetables; mushrooms, other than the genus agaricus and truffles, whole, cut, sliced, broken or in powder but not further prepared, dried (+7.7%), while the prices for the other products experienced more modest paces of growth.

Hong Kong Dried Mushroom Imports

In May 2023, approximately 1.1K tons of dried mushrooms and truffles were imported into Hong Kong; increasing by 18% on April 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when imports increased by 47% against the previous month.

In value terms, dried mushroom imports skyrocketed to $9.4M (IndexBox estimates) in May 2023. In general, total imports indicated a buoyant expansion from May 2022 to May 2023: its value increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +118.1% against February 2023 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Hong Kong Dried Mushroom Imports by Type

In May 2023, vegetables; mushrooms, other than the genus agaricus and truffles, whole, cut, sliced, broken or in powder but not further prepared, dried (1K tons) was the main type of dried mushroom supplied to Hong Kong, with a 94% share of total imports. It was followed by vegetables; wood ears (auricularia spp), whole, cut, sliced, broken or in powder but not further prepared, dried (32 tons), with a 3% share of total imports. The third position in this ranking was taken by vegetables; mushrooms of the genus agaricus, whole, cut, sliced, broken or in powder but not further prepared, dried (25 tons), with a 2.3% share.

From May 2022 to May 2023, the average monthly growth rate of the volume of import of vegetables; mushrooms, other than the genus agaricus and truffles, whole, cut, sliced, broken or in powder but not further prepared, dried was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: vegetables; wood ears (auricularia spp), whole, cut, sliced, broken or in powder but not further prepared, dried (+4.1% per month) and vegetables; mushrooms of the genus agaricus, whole, cut, sliced, broken or in powder but not further prepared, dried (-4.7% per month).

In value terms, vegetables; mushrooms, other than the genus agaricus and truffles, whole, cut, sliced, broken or in powder but not further prepared, dried ($8.6M) constituted the largest type of dried mushroom supplied to Hong Kong, comprising 91% of total imports. The second position in the ranking was held by vegetables; wood ears (auricularia spp), whole, cut, sliced, broken or in powder but not further prepared, dried ($378K), with a 4% share of total imports. It was followed by vegetables; mushrooms of the genus agaricus, whole, cut, sliced, broken or in powder but not further prepared, dried, with a 2.5% share.

Hong Kong Dried Mushroom Imports by Country

In May 2023, China (1.1K tons) was the main supplier of dried mushroom to Hong Kong, accounting for a approximately 98% share of total imports.

From May 2022 to May 2023, the average monthly growth rate of volume from China was relatively modest.

In value terms, China ($9M) constituted the largest supplier of dried mushroom to Hong Kong.

From May 2022 to May 2023, the average monthly growth rate of value from China amounted to +6.3%.

Source: IndexBox Market Intelligence Platform