Hong Kong SAR, China - Berry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBerry Imports in Hong Kongs Fall Dramatically to $725 Million in 2023
Hong Kong Berry Imports
In 2023, berry imports into Hong Kong declined notably to 105K tons, waning by -59% on the previous year. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 85% against the previous year. Over the period under review, imports attained the peak figure at 317K tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, berry imports shrank notably to $725M (IndexBox estimates) in 2023. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of $1.8B. From 2022 to 2023, the growth of imports remained at a lower figure.
| COUNTRY | Import Value of Berry in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Chile | 127 | 244 | 259 | 473 | 352 | 712 | 957 | 857 | 1,550 | 1,314 | 470 |
| Peru | 2.0 | 3.1 | 1.9 | 4.1 | 9.5 | 11.7 | 18.3 | 38.4 | 106 | 89.3 | 64.0 |
| United States | 78.8 | 108 | 93.2 | 99.4 | 101 | 81.5 | 73.4 | 49.9 | 46.2 | 35.3 | 44.6 |
| Japan | 2.7 | 4.1 | 5.8 | 6.8 | 15.0 | 19.7 | 17.4 | 23.6 | 32.5 | 42.9 | 42.3 |
| Australia | 18.1 | 17.9 | 19.6 | 19.5 | 17.0 | 19.5 | 18.8 | 19.0 | 29.5 | 25.7 | 33.0 |
| South Korea | 12.9 | 13.1 | 12.8 | 11.8 | 17.9 | 17.0 | 17.3 | 17.5 | 21.7 | 16.2 | 16.9 |
| Others | 27.4 | 36.5 | 23.9 | 26.2 | 49.0 | 121 | 40.6 | 40.3 | 46.9 | 53.5 | 54.2 |
| Total | 269 | 426 | 416 | 640 | 561 | 982 | 1,143 | 1,045 | 1,833 | 1,577 | 725 |
Imports by Country
In 2023, Chile (77K tons) constituted the largest supplier of berry to Hong Kong, with a 73% share of total imports. Moreover, berry imports from Chile exceeded the figures recorded by the second-largest supplier, Peru (9.9K tons), eightfold. The third position in this ranking was taken by the United States (6.3K tons), with a 6% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Chile totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+41.1% per year) and the United States (-5.9% per year).
In value terms, Chile ($470M) constituted the largest supplier of berries to Hong Kong, comprising 65% of total imports. The second position in the ranking was held by Peru ($64M), with an 8.8% share of total imports. It was followed by the United States, with a 6.2% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Chile amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+41.7% per year) and the United States (-5.5% per year).
Imports by Type
In 2023, cherries and sour cherries (84K tons) constituted the largest type of berries supplied to Hong Kong, with a 80% share of total imports. Moreover, cherries and sour cherries exceeded the figures recorded for the second-largest type, blueberries and cranberries (15K tons), fivefold. The third position in this ranking was held by strawberries (5.5K tons), with a 5.2% share.
From 2013 to 2023, the average annual rate of growth in terms of the volume of cherries and sour cherries imports stood at +10.1%. With regard to the other supplied products, the following average annual rates of growth were recorded: blueberries and cranberries (+17.5% per year) and strawberries (-1.2% per year).
In value terms, cherries and sour cherries ($533M) constituted the largest type of berries supplied to Hong Kong, comprising 74% of total imports. The second position in the ranking was taken by blueberries and cranberries ($112M), with a 15% share of total imports. It was followed by strawberries, with a 10% share.
Import Prices by Country
In 2023, the berry price amounted to $6,906 per ton (CIF, Hong Kong), rising by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12%. The import price peaked in 2023 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($18,830 per ton), while the price for Chile ($6,115 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Australia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the berry 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:
- FCL 552 - Blueberries
- FCL 554 - Cranberries
- FCL 530 - Sour cherries
- FCL 531 - Cherries
- FCL 549 - Gooseberries
- FCL 550 - Currants
- FCL 544 - Strawberries
- FCL 547 - Raspberries
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
