Hong Kong SAR, China - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong 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.
| COUNTRY | Import Price of Frozen Potato in Hong Kong (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Canada | 1,581 | 1,617 | 1,636 | 1,644 | 1,635 | 1,723 | 1,578 | 1,658 | 2,133 | 2,018 | 2,240 | 2,003 | 2,222 |
| United Kingdom | 3,640 | 3,276 | 2,897 | 3,120 | 3,191 | 3,715 | 2,991 | 3,270 | 2,980 | 2,737 | 2,918 | 3,360 | 2,143 |
| United States | 1,668 | 1,551 | 1,590 | 1,506 | 1,626 | 1,556 | 1,547 | 1,546 | 1,659 | 1,757 | 1,835 | 1,843 | 1,854 |
| Netherlands | 1,189 | 1,499 | 1,218 | 1,334 | 1,432 | 1,413 | 1,419 | 1,375 | 1,366 | 1,209 | 1,414 | 1,461 | 1,595 |
| Belgium | 1,299 | 1,561 | 1,562 | 1,415 | 973 | 1,396 | 3,173 | 1,241 | 1,349 | 1,189 | 1,512 | 1,410 | 1,594 |
| China | 1,447 | 1,978 | 1,981 | 1,340 | 1,406 | 1,348 | 1,557 | 1,410 | 1,676 | 1,254 | 1,626 | 1,886 | 1,567 |
| Average | 1,658 | 1,631 | 1,677 | 1,613 | 1,616 | 1,577 | 1,603 | 1,594 | 1,673 | 1,705 | 1,798 | 1,852 | 1,787 |
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.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
