Hong Kong SAR, China: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Hong Kong SAR, China

In 2022, after four years of decline, there was significant growth in the Hong Kong homogenised jam and marmalade market, when its value increased by 11% to $X. Over the period under review, consumption, however, faced a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Hong Kong SAR, China

In value terms, homogenised jam and marmalade production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Hong Kong SAR, China

In 2022, homogenised jam and marmalade exports from Hong Kong SAR fell dramatically to X tons, waning by -67.7% against 2021 figures. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 317% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, homogenised jam and marmalade exports reduced rapidly to $X in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 308%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for homogenised jam and marmalade exports from Hong Kong SAR, with a 93% share of total exports. Moreover, homogenised jam and marmalade exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +64.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+23.7% per year) and Taiwan (Chinese) (-38.8% per year).

In value terms, China ($X) remains the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was held by Macao SAR ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+38.5% per year) and Taiwan (Chinese) (-32.5% per year).

Export Prices by Country

The average homogenised jam and marmalade export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, homogenised jam and marmalade export price decreased by -8.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 79%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Hong Kong SAR, China

Homogenised jam and marmalade imports into Hong Kong SAR shrank sharply to X tons in 2022, which is down by -52.7% compared with 2021. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 165% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, homogenised jam and marmalade imports shrank significantly to $X in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 192%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of homogenised jam and marmalade to Hong Kong SAR, accounting for a 56% share of total imports. Moreover, homogenised jam and marmalade imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+41.3% per year) and China (+59.9% per year).

In value terms, Spain ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to Hong Kong SAR, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+50.9% per year) and France (+35.5% per year).

Import Prices by Country

The average homogenised jam and marmalade import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 16%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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