Hong Kong SAR, China: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Hong Kong SAR, China

In 2022, the Hong Kong lettuce and chicory market increased by 3% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded a noticeable decline. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Lettuce And Chicory Production in Hong Kong SAR, China

In value terms, lettuce and chicory production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a deep downturn. The growth pace was the most rapid in 2014 when the production volume increased by 17%. Lettuce and chicory production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of lettuce and chicory in Hong Kong SAR totaled X tons per ha in 2022, approximately equating the previous year's figure. Overall, the yield, however, recorded a slight shrinkage. Over the period under review, the average lettuce and chicory yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of lettuce and chicory were harvested in Hong Kong SAR; flattening at the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by 1.7% against the previous year. Over the period under review, the harvested area dedicated to lettuce and chicory production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Lettuce And Chicory Exports

Exports from Hong Kong SAR, China

In 2022, the amount of lettuce and chicory exported from Hong Kong SAR fell remarkably to X tons, waning by -26.5% on 2021. Overall, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 152% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, lettuce and chicory exports contracted dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2014 when exports increased by 101% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for lettuce and chicory exports from Hong Kong SAR, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR totaled +11.3%.

In value terms, Macao SAR ($X) also remains the key foreign market for lettuce and chicory exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to +2.3%.

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, growing by 9.4% against the previous year. Overall, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 61%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to -8.1% per year.

Lettuce And Chicory Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of lettuce and chicory decreased by -8.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lettuce and chicory imports expanded remarkably to $X in 2022. Overall, imports showed a mild contraction. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main lettuce and chicory supplier to Hong Kong SAR, with a 97% share of total imports. It was followed by the United States (X tons), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.5%.

In value terms, China ($X) constituted the largest supplier of lettuce and chicory to Hong Kong SAR, comprising 80% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, growing by 15% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lettuce and chicory import price increased by +32.9% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 57% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%).

Source: IndexBox Platform

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