Hong Kong SAR, China: Buckwheat Market 2025

Buckwheat Market Size in Hong Kong SAR, China

The Hong Kong buckwheat market skyrocketed to $X in 2022, growing by 105% against the previous year. In general, consumption recorded significant growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Buckwheat Production in Hong Kong SAR, China

In value terms, buckwheat production reached $X in 2022 estimated in export price. In general, production recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,153,500% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of buckwheat in Hong Kong SAR stood at less than X kg per ha in 2022, remaining relatively unchanged against the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of buckwheat production in Hong Kong SAR was estimated at less than X ha, flattening at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Buckwheat Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of buckwheat decreased by -99.9% to X kg, falling for the third year in a row after three years of growth. Overall, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 93% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, buckwheat exports plummeted to $X in 2022. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X kg) was the main destination for buckwheat exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR amounted to -35.7%.

In value terms, Macao SAR ($X) emerged as the key foreign market for buckwheat exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Macao SAR stood at -32.4%.

Export Prices by Country

In 2022, the average buckwheat export price amounted to $X per ton, picking up by 195% against the previous year. In general, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +20.0% per year.

Buckwheat Imports

Imports into Hong Kong SAR, China

In 2022, imports of buckwheat into Hong Kong SAR stood at X tons, approximately reflecting the previous year. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 6,006%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, buckwheat imports stood at $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 7,146%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Australia (X kg) and France (X kg) were the main suppliers of buckwheat imports to Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +27.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Australia ($X) and China ($X) constituted the largest buckwheat suppliers to Hong Kong SAR.

France, with a CAGR of +36.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 228%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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