Hong Kong SAR, China: Dried Onion Market 2025

Dried Onion Market Size in Hong Kong SAR, China

In 2021, the Hong Kong dried onion market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, showed a perceptible descent. Dried onion consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Dried Onion Exports

Exports from Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in overseas shipments of dried onions, when their volume increased by 77% to X tons. Over the period under review, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 504%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, dried onion exports surged to $X in 2021. In general, exports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2014 when exports increased by 461%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for dried onion exports from Hong Kong SAR, accounting for a 79% share of total exports. Moreover, dried onion exports to China exceeded the volume sent to the second major destination, the United States (X kg), eightfold. Malaysia (X kg) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.7% per year) and Malaysia (+1.8% per year).

In value terms, China ($X) remains the key foreign market for dried onion exports from Hong Kong SAR, comprising 59% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+6.0% per year) and the United States (-26.6% per year).

Export Prices by Country

In 2021, the average dried onion export price amounted to $X per ton, with a decrease of -17.1% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Onion Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of dried onions were finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 115%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, dried onion imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 174%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of dried onion imports to Hong Kong SAR, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +42.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Malaysia ($X) constituted the largest dried onion suppliers to Hong Kong SAR, together comprising 72% of total imports.

In terms of the main suppliers, China, with a CAGR of +33.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dried onion import price stood at $X per ton in 2021, shrinking by -7.3% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried onion import price increased by +26.3% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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