Hong Kong SAR, China - Berry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSignificant Surge in Berry Imports in Hong Kong Reaches $22M in October 2023
Hong Kong Berry Imports
In October 2023, berry imports into Hong Kong surged to 2.9K tons, with an increase of 18% compared with the previous month. In general, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in December 2022 when imports increased by 707% against the previous month.
In value terms, berry imports soared to $22M (IndexBox estimates) in October 2023. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 with an increase of 669% m-o-m.
| COUNTRY | Import Value of Berry in Hong Kong (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Peru | 17.9 | 17.4 | 14.8 | 3.6 | 2.3 | 1.9 | 0.8 | < 0.1 | < 0.1 | 1.6 | 5.8 | 10.7 | 14.8 |
| Japan | < 0.1 | 2.1 | 8.2 | 11.4 | 10.1 | 8.2 | 2.2 | 0.5 | 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 |
| Chile | < 0.1 | 6.1 | 224 | 236 | 111 | 1.4 | N/A | 0.2 | N/A | < 0.1 | N/A | N/A | N/A |
| Others | 5.5 | 8.5 | 14.0 | 20.4 | 17.9 | 9.0 | 6.0 | 7.5 | 9.4 | 15.8 | 22.2 | 7.3 | 6.9 |
| Total | 23.4 | 34.0 | 261 | 271 | 142 | 20.5 | 9.0 | 8.3 | 9.5 | 17.5 | 28.1 | 18.0 | 21.7 |
Imports by Country
In October 2023, Peru (2.3K tons) constituted the largest berry supplier to Hong Kong, accounting for a 79% share of total imports. It was followed by Japan (1.4 tons), with less than 0.1% share of total imports.
From October 2022 to October 2023, the average monthly growth rate of volume from Peru amounted to -2.6%.
In value terms, Peru ($15M) constituted the largest supplier of berry to Hong Kong, comprising 68% of total imports. The second position in the ranking was held by Japan ($17K), with a 0.1% share of total imports.
From October 2022 to October 2023, the average monthly rate of growth in terms of value from Peru amounted to -1.5%.
Imports by Type
In October 2023, blueberries and cranberries (2.7K tons) was the main type of berry supplied to Hong Kong, accounting for a 93% share of total imports. Moreover, blueberries and cranberries exceeded the figures recorded for the second-largest type, strawberries (177 tons), more than tenfold. The third position in this ranking was held by cherries and sour cherries (15 tons), with a 0.5% share.
From October 2022 to October 2023, the average monthly growth rate of the volume of import of blueberries and cranberries amounted to -2.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: strawberries (-0.4% per month) and cherries and sour cherries (+12.1% per month).
In value terms, blueberries and cranberries ($19M) constituted the largest type of berry supplied to Hong Kong, comprising 90% of total imports. The second position in the ranking was held by strawberries ($1.7M), with an 8% share of total imports. It was followed by cherries and sour cherries, with a 1.4% share.
Import Prices by Country
In October 2023, the berry price amounted to $7,429 per ton (CIF, Hong Kong), rising by 2% against the previous month. Over the period under review, import price indicated a mild increase from October 2022 to October 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, berry import price increased by +17.6% against August 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 65% against the previous month. As a result, import price attained the peak level of $9,834 per ton. From April 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Zimbabwe ($12,593 per ton), while the price for Peru ($6,376 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Chile (+8.8%), 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 THE 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 EditionPRO
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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
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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
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- 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 Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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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)
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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)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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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
- Exports Prices, By Country, 2012-2024
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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
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: 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
