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Hong Kong SAR, China - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights

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Jul 4, 2023

Hong Kong's Frozen Potato Price Drops to $1,787 per Ton

Hong Kong Frozen Potato Import Price in March 2023

In March 2023, the frozen potato price stood at $1,787 per ton (CIF, Hong Kong), declining by -3.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 5.5% m-o-m. The import price peaked at $1,852 per ton in February 2023, and then contracted slightly in the following month.

Average prices varied somewhat amongst the major supplying countries. In March 2023, the highest price was recorded for prices from Canada ($2,222 per ton) and the UK ($2,143 per ton), while the price for China ($1,567 per ton) and Belgium ($1,594 per ton) were amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Frozen Potato in Hong Kong (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Canada1,5811,6171,6361,6441,6351,7231,5781,6582,1332,0182,2402,0032,222
United Kingdom3,6403,2762,8973,1203,1913,7152,9913,2702,9802,7372,9183,3602,143
United States1,6681,5511,5901,5061,6261,5561,5471,5461,6591,7571,8351,8431,854
Netherlands1,1891,4991,2181,3341,4321,4131,4191,3751,3661,2091,4141,4611,595
Belgium1,2991,5611,5621,4159731,3963,1731,2411,3491,1891,5121,4101,594
China1,4471,9781,9811,3401,4061,3481,5571,4101,6761,2541,6261,8861,567
Average1,6581,6311,6771,6131,6161,5771,6031,5941,6731,7051,7981,8521,787

Hong Kong Frozen Potato Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In March 2023, the product with the highest price was frozen potatoes prepared or preserved ($1,799 per ton), while the price for frozen boiled potatoes amounted to $1,639 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by preserved frozen potato (+0.7%).

Hong Kong Frozen Potato Imports

In March 2023, the amount of frozen potatoes imported into Hong Kong contracted to 2.4K tons, which is down by -10.9% against the previous month. In general, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in July 2022 when imports increased by 119% month-to-month.

In value terms, frozen potato imports shrank to $4.4M (IndexBox estimates) in March 2023. Overall, imports saw a perceptible decline. The pace of growth appeared the most rapid in July 2022 with an increase of 119% against the previous month.

Hong Kong Frozen Potato Imports by Type

In March 2023, frozen potatoes prepared or preserved (2.3K tons) was the main type of frozen potato supplied to Hong Kong, accounting for a 92% share of total imports. Moreover, frozen potatoes prepared or preserved exceeded the figures recorded for the second-largest type, frozen boiled potatoes (184 tons), more than tenfold.

From March 2022 to March 2023, the average monthly growth rate of the volume of import of frozen potatoes prepared or preserved amounted to -4.3%.

In value terms, frozen potatoes prepared or preserved ($4.1M) constituted the largest type of frozen potato supplied to Hong Kong, comprising 93% of total imports. The second position in the ranking was taken by frozen boiled potatoes ($301K), with a 6.9% share of total imports.

Hong Kong Frozen Potato Imports by Country

China (1.1K tons), the United States (907 tons) and the Netherlands (233 tons) were the main suppliers of frozen potato imports to Hong Kong, with a combined 91% share of total imports.

From March 2022 to March 2023, the biggest increases were in China (with a CAGR of +16.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($1.7M), China ($1.7M) and the Netherlands ($372K) constituted the largest frozen potato suppliers to Hong Kong, together accounting for 86% of total imports.

China, with a CAGR of +17.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen potato market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
  • Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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