Hong Kong SAR, China: Mixed Juices Market 2024

Mixed Juices Market Size in Hong Kong SAR, China

The Hong Kong mixed juices market fell to $X in 2022, waning by -8.5% against the previous year. In general, consumption showed a relatively flat trend pattern. Mixed juices consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Hong Kong SAR, China

In value terms, mixed juices production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 57% against the previous year. Mixed juices production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mixed Juices Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of mixtures of fruit and vegetable juices decreased by -29.9% to X tons, falling for the fourth consecutive year after seven years of growth. Over the period under review, exports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of 172% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports declined notably to $X in 2022. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2017 with an increase of 232% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons), China (X tons) and Japan (X tons) were the main destinations of mixed juices exports from Hong Kong SAR, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Macao SAR ($X) and Japan ($X) were the largest markets for mixed juices exported from Hong Kong SAR worldwide, together comprising 99% of total exports.

In terms of the main countries of destination, China, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, surging by 6.5% against the previous year. Overall, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while the average price for exports to Canada ($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 China (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Hong Kong SAR, China

In 2022, the amount of mixtures of fruit and vegetable juices imported into Hong Kong SAR fell to X tons, reducing by -13.1% on the previous year's figure. Overall, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2015 when imports increased by 65% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mixed juices imports declined to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 106% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of mixed juices imports to Hong Kong SAR, with a combined 52% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +64.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed juices suppliers to Hong Kong SAR were China ($X), the United States ($X) and Singapore ($X), together accounting for 50% of total imports.

Singapore, with a CAGR of +58.1%, recorded the highest growth rate of the value of imports, in terms of 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 mixed juices import price stood at $X per ton in 2022, rising by 2.2% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 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 ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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