Hong Kong SAR, China: Market for Cherries and Sour Cherries 2025

Market Size for Cherries and Sour Cherries in Hong Kong SAR, China

In 2022, after four years of growth, there was significant decline in the Hong Kong cherry and sour cherry market, when its value decreased by -70.9% to $X. Overall, consumption continues to indicate a slight descent. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Production of Cherries and Sour Cherries in Hong Kong SAR, China

In value terms, cherry and sour cherry production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. Cherry and sour cherry production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of cherries and sour cherries in Hong Kong SAR totaled less than X kg per ha, therefore, remained relatively stable against 2021. Over the period under review, 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 cherry and sour cherry harvested area in Hong Kong SAR amounted to less than X ha in 2022, therefore, remained relatively stable against the year before. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Cherries and Sour Cherries

Exports from Hong Kong SAR, China

In 2022, the amount of cherries and sour cherries exported from Hong Kong SAR contracted to X tons, approximately mirroring 2021. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 159% against the previous year. The exports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, cherry and sour cherry exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 115%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for cherry and sour cherry exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +26.2%.

In value terms, China ($X) also remains the key foreign market for cherries and sour cherries exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China totaled +29.4%.

Export Prices by Country

The average cherry and sour cherry export price stood at $X per ton in 2022, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 31%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.6% per year.

Imports of Cherries and Sour Cherries

Imports into Hong Kong SAR, China

Cherry and sour cherry imports into Hong Kong SAR shrank significantly to X tons in 2022, which is down by -20.8% against the year before. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 97% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, cherry and sour cherry imports dropped significantly to $X in 2022. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 89% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Chile (X tons) was the main supplier of cherry and sour cherry to Hong Kong SAR, with a 97% share of total imports. It was followed by the United States (X tons), with a 0.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled +23.3%.

In value terms, Chile ($X) constituted the largest supplier of cherries and sour cherries to Hong Kong SAR, comprising 96% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Chile stood at +25.3%.

Import Prices by Country

In 2022, the average cherry and sour cherry import price amounted to $X per ton, surging by 6.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).

Source: IndexBox Platform

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