Hong Kong SAR, China: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Hong Kong SAR, China

The Hong Kong fruit or nut preserves market reached $X in 2021, growing by 1.6% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +118.5% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Hong Kong SAR, China

In value terms, fruit or nut preserves production contracted to $X in 2021 estimated in export price. Overall, production, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 35%. Fruit or nut preserves production peaked at $X in 2020, and then fell in the following year.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Hong Kong SAR, China

In 2021, overseas shipments of jams, marmalades, fruit jellies, fruit or nut purees and pastes were finally on the rise to reach X tons after two years of decline. Overall, exports saw a slight expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 76% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, fruit or nut preserves exports rose rapidly to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 110%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for fruit or nut preserves exports from Hong Kong SAR, accounting for a 89% share of total exports. Moreover, fruit or nut preserves exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +9.7%.

In value terms, China ($X) remains the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +18.7%.

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, increasing by 2.3% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fruit or nut preserves export price decreased by +0.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Hong Kong SAR, China

In 2021, purchases abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fruit or nut preserves imports surged to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of fruit or nut preserves imports to Hong Kong SAR, with a combined 34% share of total imports. These countries were followed by Japan, France, Taiwan (Chinese), the Philippines, Italy, Spain, South Korea, South Africa, Belgium and Germany, which together accounted for a further 53%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and France ($X) constituted the largest fruit or nut preserves suppliers to Hong Kong SAR, together comprising 43% of total imports. The UK, the United States, Spain, Taiwan (Chinese), Italy, the Philippines, South Korea, Belgium, Germany and South Africa lagged somewhat behind, together accounting for a further 45%.

Spain, with a CAGR of +57.8%, saw the highest growth rate of 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

The average fruit or nut preserves import price stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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