Report Update Jan 1, 2025

Hong Kong SAR, China - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Groundnuts Market 2025

Groundnuts Market Size in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong groundnuts market, when its value decreased by -5.4% to $X. Overall, consumption showed a pronounced increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Groundnuts Exports

Exports from Hong Kong SAR, China

In 2022, after two years of decline, there was significant growth in shipments abroad of ground-nut (in-shell), when their volume increased by 48% to X tons. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 242% 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 somewhat lower figure.

In value terms, groundnuts exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 109%. 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

Canada (X tons) was the main destination for groundnuts exports from Hong Kong SAR, with a 72% share of total exports. Moreover, groundnuts exports to Canada exceeded the volume sent to the second major destination, Guam (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to -10.4%.

In value terms, Canada ($X) remains the key foreign market for ground-nut (in-shell) exports from Hong Kong SAR, comprising 83% of total exports. The second position in the ranking was taken by Guam ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at -8.5%.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, increasing by 18% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts export price increased by +43.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Guam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of ground-nut (in-shell) increased by 25% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 171% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, groundnuts imports contracted markedly to $X in 2022. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest groundnuts supplier to Hong Kong SAR, with a approx. 81% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +125.5%.

In value terms, the United States ($X) constituted the largest supplier of ground-nut (in-shell) to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +112.8%.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, with a decrease of -42.7% against the previous year. Overall, the import price, however, posted resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 105% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +7.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts consumption in 2020 were China, India and Nigeria, with a combined 61% share of global consumption. These countries were followed by Sudan, the United States, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad, which together accounted for a further 24%.

What are the largest producers of ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts production in 2020 were China, India and Nigeria, together comprising 60% of global production. The United States, Sudan, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of ground-nut (in-shell) to Hong Kong SAR, China?

In value terms, Indonesia constituted the largest supplier of groundnuts to Hong Kong SAR, comprising 90% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 5.7% share of total imports.

What are the leading importers of ground-nut (in-shell) from Hong Kong SAR, China?

In value terms, Canada remains the key foreign market for groundnuts exports from Hong Kong SAR.

What is the average export price for ground-nut (in-shell) in Hong Kong SAR, China?

The average groundnuts export price stood at $3,177 per ton in 2020, growing by 30% against the previous year.

What is the average import price for ground-nut (in-shell) in Hong Kong SAR, China?

In 2020, the average groundnuts import price amounted to $1,914 per ton, rising by 19% against the previous year.

This report provides an in-depth analysis of the groundnuts 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 242 - Groundnuts, in shell

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024