Report Update Nov 1, 2024

Hong Kong SAR, China - Carob - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Carob Market 2024

Carob Market Size in Hong Kong SAR, China

In 2022, after six years of growth, there was significant decline in the Hong Kong carob market, when its value decreased by -5.7% to $X. Overall, consumption, however, showed a prominent expansion. Carob consumption peaked at $X in 2021, and then contracted in the following year.

Carob Production in Hong Kong SAR, China

In value terms, carob production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 3,307,900%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The average yield of carob in Hong Kong SAR was estimated at less than X kg per ha in 2022, leveling off at 2021 figures. Overall, the yield showed 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.

The carob harvested area in Hong Kong SAR stood at less than X ha in 2022, standing approx. at the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Carob Exports

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of carob, which decreased by 0% to less than X kg in 2018. Overall, exports recorded a significant increase. The smallest decline of -34.3% was in 2016. The exports peaked at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, carob exports amounted to $X in 2018. In general, exports recorded significant growth. The smallest decline of -31.5% was in 2016. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for carob exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Singapore was relatively modest.

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

From 2012 to 2016, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

The average carob export price stood at $X per ton in 2016, increasing by 4.4% against the previous year. In general, the export price, however, showed a pronounced decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

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

From 2012 to 2016, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

Carob Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of carob decreased by -8.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 98%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, carob imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 79%. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Peru (X tons) was the main supplier of carob to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru stood at +60.2%.

In value terms, Peru ($X) constituted the largest supplier of carob to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from Peru stood at +64.5%.

Import Prices by Country

The average carob import price stood at $X per ton in 2022, surging by 5.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 46%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Algeria amounted to +28.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carob in the world?

The countries with the highest volumes of carob consumption in 2020 were Portugal, Italy and Turkey, with a combined 51% share of global consumption. These countries were followed by Morocco, Greece, Vietnam, Cyprus, France, Algeria, Switzerland, Lebanon and Egypt, which together accounted for a further 40%.

What are the largest producers of carob in the world?

The countries with the highest volumes of carob production in 2020 were Portugal, Italy and Morocco, together comprising 57% of global production. Turkey, Spain, Greece, Cyprus and Algeria lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of carob to Hong Kong SAR, China?

In value terms, Algeria constituted the largest supplier of carob to Hong Kong SAR.

What is the average export price for carob in Hong Kong SAR, China?

The average carob export price stood at $3,015 per ton in 2017, remaining relatively unchanged against the previous year.

What is the average import price for carob in Hong Kong SAR, China?

In 2020, the average carob import price amounted to $341 per ton, waning by -11.5% against the previous year.

This report provides an in-depth analysis of the carob 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 461 - Carobs

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023