Hong Kong SAR, China: Market for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes 2024

Market Size for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Hong Kong SAR, China

In 2022, the Hong Kong market for citrus fruit jams, marmalades, jellies, purees or pastes decreased by -28.5% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Production of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Hong Kong SAR, China

In value terms, citrus fruit jams and marmalades production totaled $X in 2022 estimated in export price. In general, production recorded a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 179%. Citrus fruit jams and marmalades production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in shipments abroad of citrus fruit jams, marmalades, jellies, purees or pastes, when their volume decreased by -55.4% to X tons. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 358%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, citrus fruit jams and marmalades exports reduced rapidly to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 639%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for citrus fruit jams and marmalades exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR totaled +1.5%.

In value terms, Macao SAR ($X) emerged as the key foreign market for citrus fruit jams, marmalades, jellies, purees or pastes exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR totaled +9.0%.

Export Prices by Country

The average export price for citrus fruit jams, marmalades, jellies, purees or pastes stood at $X per ton in 2022, waning by -33.2% against the previous year. In general, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 61% against the previous year. The export price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

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 Vietnam amounted to +231.5% per year.

Imports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of citrus fruit jams, marmalades, jellies, purees or pastes decreased by -18.3% to X tons in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, citrus fruit jams and marmalades imports declined notably to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), France (X tons) and Singapore (X tons) were the main suppliers of citrus fruit jams and marmalades imports to Hong Kong SAR, with a combined 72% share of total imports. Taiwan (Chinese), the United States, South Korea and the UK lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +110.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), France ($X) and Taiwan (Chinese) ($X) constituted the largest citrus fruit jams and marmalades suppliers to Hong Kong SAR, together comprising 84% of total imports.

Taiwan (Chinese), with a CAGR of +111.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for citrus fruit jams, marmalades, jellies, purees or pastes stood at $X per ton in 2022, dropping by -28.3% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 2021 an increase of 29%. As a result, import price attained the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Singapore ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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