Hong Kong SAR, China: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Hong Kong SAR, China

After two years of decline, the Hong Kong market for concentrated lemon and other citrus fruit juice increased by 268% to $X in 2021. Over the period under review, consumption showed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Hong Kong SAR, China

In value terms, production of concentrated lemon and other citrus fruit juice stood at $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with a decrease of 99.9%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Hong Kong SAR, China

In 2021, the amount of concentrated lemon and other citrus fruit juice exported from Hong Kong SAR surged to X tons, rising by 17% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 48,092% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice contracted to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2019 with an increase of 52,345% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR stood at +38.8%.

In value terms, Macao SAR ($X) also remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to Macao SAR stood at +22.0%.

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, dropping by -23.5% against the previous year. Over the period under review, the export price showed a mild slump. The growth pace was the most rapid in 2020 an increase of 77%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -7.6% per year.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Hong Kong SAR, China

For the fifth consecutive year, Hong Kong SAR recorded decline in purchases abroad of concentrated lemon and other citrus fruit juice, which decreased by -28.4% to X tons in 2021. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 137%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice soared to $X in 2021. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 93% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Hong Kong SAR, with a 70% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+69.1% per year) and Greece (+0.4% per year).

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Greece ($X) were the largest concentrated lemon and other citrus fruit juice suppliers to Hong Kong SAR.

Japan, with a CAGR of +55.9%, saw 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

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, with an increase of 96% against the previous year. Over the period under review, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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