Report Update Nov 1, 2024

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

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Hong Kong SAR, China: Cauliflower And Broccoli Market 2024

Cauliflower And Broccoli Market Size in Hong Kong SAR, China

In 2022, the Hong Kong cauliflower and broccoli market increased by 14% to $X, rising for the third year in a row after three years of decline. Overall, consumption saw prominent growth. Cauliflower and broccoli consumption peaked in 2022 and is likely to see gradual growth in years to come.

Cauliflower And Broccoli Exports

Exports from Hong Kong SAR, China

In 2022, exports of cauliflower and broccoli from Hong Kong SAR shrank significantly to X tons, which is down by -55.5% on 2021. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 493% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cauliflower and broccoli exports contracted remarkably to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 553%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for cauliflower and broccoli 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 stood at -5.7%.

In value terms, Macao SAR ($X) also remains the key foreign market for cauliflower and broccoli exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Macao SAR was relatively modest.

Export Prices by Country

The average cauliflower and broccoli export price stood at $X per ton in 2022, rising by 16% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 Macao SAR amounted to +5.6% per year.

Cauliflower And Broccoli Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of cauliflower and broccoli increased by 9.7% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 106%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cauliflower and broccoli imports soared to $X in 2022. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 121%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) was the main cauliflower and broccoli supplier to Hong Kong SAR, accounting for a 97% share of total imports. It was followed by Australia (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+8.1% per year) and the United States (-29.4% per year).

In value terms, China ($X) constituted the largest supplier of cauliflower and broccoli to Hong Kong SAR, comprising 90% of total imports. The second position in the ranking was taken by Australia ($X), with an 8.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+11.2% per year) and the United States (-26.6% per year).

Import Prices by Country

The average cauliflower and broccoli import price stood at $X per ton in 2022, surging by 5.1% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cauliflower and broccoli import price increased by +29.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 34%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cauliflower and broccoli in the world?

The countries with the highest volumes of cauliflower and broccoli consumption in 2021 were China, India and the United States, with a combined 77% share of global consumption. Mexico lagged somewhat behind, comprising a further 2.4%.

What are the largest producers of cauliflower and broccoli in the world?

The countries with the highest volumes of cauliflower and broccoli production in 2021 were China, India and the United States, together accounting for 77% of global production. These countries were followed by Spain and Mexico, which together accounted for a further 5.6%.

What are the leading suppliers of cauliflower and broccoli to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of cauliflower and broccoli to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was occupied by Australia, with a 14% share of total imports.

What is the average export price for cauliflower and broccoli in Hong Kong SAR, China?

In 2021, the average cauliflower and broccoli export price amounted to $1,368 per ton, shrinking by -75.1% against the previous year.

What is the average import price for cauliflower and broccoli in Hong Kong SAR, China?

In 2021, the average cauliflower and broccoli import price amounted to $893 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the cauliflower and broccoli 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 393 - Cauliflowers and broccoli

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