Hong Kong SAR, China: Hazelnut Market 2025

Hazelnut Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong hazelnut market increased by 92% to $X in 2021. Over the period under review, consumption, however, faced a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hazelnut Production in Hong Kong SAR, China

In value terms, hazelnut production totaled $X in 2021 estimated in export price. In general, production recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9% against the previous year. Hazelnut production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hazelnut Exports

Exports from Hong Kong SAR, China

In 2021, the amount of hazelnuts exported from Hong Kong SAR shrank dramatically to X tons, reducing by -79.7% compared with 2020. Overall, exports saw a precipitous decline. The growth pace was the most rapid in 2019 when exports increased by 132%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hazelnut exports contracted sharply to $X in 2021. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2019 when exports increased by 125%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for hazelnut exports from Hong Kong SAR, accounting for a 67% share of total exports. Moreover, hazelnut exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-15.0% per year) and Vietnam (-44.8% per year).

In value terms, China ($X) remains the key foreign market for hazelnut exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was held by Thailand ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-18.4% per year) and Vietnam (-46.2% per year).

Export Prices by Country

The average hazelnut export price stood at $X per ton in 2021, with a decrease of -5.4% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 Taiwan (Chinese) (+6.7%), while the prices for the other major destinations experienced a decline.

Hazelnut Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of hazelnuts decreased by -65.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hazelnut imports shrank significantly to $X in 2021. Overall, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 9.9%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of hazelnut to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -25.1%.

In value terms, the United States ($X) constituted the largest supplier of hazelnut to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -25.2%.

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2021, surging by 22% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 2021, the rate of growth in terms of prices for the United States amounted to -0.1% per year.

Source: IndexBox Platform

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