What is the price of beans per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong beans is between US$ 1.91 and US$ 8.44 per kilogram or between US$ 0.86 and US$ 3.83 per pound(lb). Click here to see today's exact prices of beans in Hong Kong
The retail price range in Hong Kong Dollar for beans is between HKD 14.90 and HKD 66.00 per kilogram or between HKD 6.76 and HKD 29.93 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong beans is between US$ 1.33 and US$ 5.91 per kilogram or between US$ 0.61 and US$ 2.68 per pound(lb).
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Hong Kong Beans Export Prices - Historical, Trends and Prediction
The export price of beans from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of beans from Hong Kong was $3.05 in 2022. Overall, the export price of beans from Hong Kong has increased by 24.49% over the past five years. Based on this trend, it is likely that the export price per kilogram of beans from Hong Kong will continue to increase in the coming years. We can predict that the export price per kilogram of beans from Hong Kong will be around $3.20 in 2023 and $3.35 in 2024.The exports of beans from Hong Kong are categorised as:
- Fresh or chilled beans "Vigna spp., Phaseolus spp.", shelled or unshelled (HS code 070820)
- Dried, shelled beans "Vigna and Phaseolus", whether or not skinned or split (excluding beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", small red "Adzuki" beans, kidney beans, Bambara beans and cow peas) (HS code 071339)
- Shelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200551)
- Dried, shelled broad beans "Vicia faba var. major" and horse beans "Vicia faba var. equina and Vicia faba var. minor", whether or not skinned or split (HS code 071350)
- Dried, shelled beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", whether or not skinned or split (HS code 071331)
- Shelled or unshelled beans "Vigna spp., Phaseolus spp.", uncooked or cooked by steaming or by boiling in water, frozen (HS code 071022)
- Unshelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200559)
Hong Kong Beans Import Prices - Historical, Trends and Prediction
The import price of Beans into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.20, which increased to $2.50 in 2019. In 2020, the price rose to $2.90, and in 2021 it further increased to $3.20. The most recent data shows that the import price per kilogram of Beans into Hong Kong was $3.50 in 2022. Overall, the import price of Beans into Hong Kong has increased by 60% over the past five years. This trend is likely to continue in the coming years, with the import price per kilogram of Beans into Hong Kong predicted to reach $3.90 in 2023 and $4.30 in 2024.Export values for Hong Kong beans
The total values in export for beans in Hong Kong were US$ 1,275, US$ 1,031, US$ 1,290 and US$ 1,178 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Pulses/Legumes category in Hong Kong: Peas, Chickpeas, Red (Adzuki) Beans, Kidney Beans, Bambara beans, Cow Peas (Black Eyed Peas), Lentils, Pigeon Peas, Locust Beans & Black beans.
See prices of beans in other countries across Asia: Kazakhstan beans, Kyrgyzstan beans, Tajikistan beans, Turkmenistan beans, Uzbekistan beans, China beans, Hong Kong beans, Macao beans, North Korea beans & Mongolia beans.
Hong Kong beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 591 tonnes of beans. For 2019 alone, the demand for Hong Kong beans (pulses/legumes category) has improved, flactuating by 3.141 per cent compared to the year 2018. Between 2017 and 2019, beans' exports went up by 14.76 percent earning the country US$1.18m for the year 2019. Hong Kong's beans exports are classified as:
- Shelled or unshelled beans "Vigna spp., Phaseolus spp.", uncooked or cooked by steaming or by boiling in water, frozen (HS code 071022)
- Dried, shelled broad beans "Vicia faba var. major" and horse beans "Vicia faba var. equina and Vicia faba var. minor", whether or not skinned or split (HS code 071350)
- Dried, shelled beans "Vigna and Phaseolus", whether or not skinned or split (excluding beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", small red "Adzuki" beans, kidney beans, Bambara beans and cow peas) (HS code 071339)
- Fresh or chilled beans "Vigna spp., Phaseolus spp.", shelled or unshelled (HS code 070820)
- Unshelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200559)
- Shelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200551)
- Dried, shelled beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", whether or not skinned or split (HS code 071331)
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Hong Kong beans export values
In 2019, Hong Kong supplied beans costing 1.18m USD, a reduction of -8.53% from 2018's total beans export of 1.29m USD. The annual change in value of Hong Kong beans between 2017 to 2018 was 25.121 pc.
The annual variation in the volume of Hong Kong's beans exports between 2017 and 2019 was 14.76% when compared to a variation of 3.141% in the growth rate between 2018 and 2019.
Export markets for Hong Kong beans ( in '000$ )
Hong Kong's leading destinations for beans are Israel, China, the Netherlands, Australia and United Kingdom (UK).
Hong Kong ordered 8,452 tonnes of beans in 2019.
Production
The production of beans in Hong Kong was 2,100 tonnes in 2019 and is forecast to change by an average of 0.33%. The country had an estimated 217.00 hectares under beans cultivation.