Hong Kong SAR, China: Market for Vegetables (Preserved, Frozen) 2025

Market Size for Vegetables (Preserved, Frozen) in Hong Kong SAR, China

The Hong Kong preserved and frozen vegetable market totaled $X in 2022, picking up by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a moderate increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Vegetables (Preserved, Frozen)

Exports from Hong Kong SAR, China

In 2022, approx. X tons of vegetables (preserved, frozen) were exported from Hong Kong SAR; waning by -30.8% against the previous year's figure. Overall, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 106% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, preserved and frozen vegetable exports reduced to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 93% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for preserved and frozen vegetable exports from Hong Kong SAR, accounting for a 85% share of total exports. Moreover, preserved and frozen vegetable exports to Macao SAR exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold. Spain (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+60.7% per year) and Spain (+11.3% per year).

In value terms, Macao SAR ($X) remains the key foreign market for vegetables (preserved, frozen) exports from Hong Kong SAR, comprising 89% of total exports. The second position in the ranking was held by Malaysia ($X), with a 5.7% share of total exports. It was followed by Spain, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Macao SAR amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+61.5% per year) and Spain (+13.4% per year).

Export Prices by Country

In 2022, the average preserved and frozen vegetable export price amounted to $X per ton, rising by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables (Preserved, Frozen)

Imports into Hong Kong SAR, China

In 2022, approx. X tons of vegetables (preserved, frozen) were imported into Hong Kong SAR; waning by -2.6% on 2021 figures. In general, imports, however, showed a slight increase. The growth pace was the most rapid in 2019 with an increase of 123%. Imports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, preserved and frozen vegetable imports reached $X in 2022. Over the period under review, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of 90% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of preserved and frozen vegetable to Hong Kong SAR, accounting for a 69% share of total imports. Moreover, preserved and frozen vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Canada (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and Canada (+14.9% per year).

In value terms, the United States ($X) constituted the largest supplier of vegetables (preserved, frozen) to Hong Kong SAR, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 9.6% share of total imports. It was followed by Canada, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.9% per year) and Canada (+16.3% per year).

Import Prices by Country

The average preserved and frozen vegetable import price stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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