Hong Kong SAR, China: Dried Mushroom Market 2025

Dried Mushroom Market Size in Hong Kong SAR, China

In 2022, the Hong Kong dried mushroom market decreased by -47.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dried Mushroom Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of dried mushrooms and truffles were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 206%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, dried mushroom exports skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 104% 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

Taiwan (Chinese) (X tons), Macao SAR (X tons) and the United States (X tons) were the main destinations of dried mushroom exports from Hong Kong SAR, with a combined 80% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +15.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Macao SAR ($X), Taiwan (Chinese) ($X) and the United States ($X) constituted the largest markets for dried mushroom exported from Hong Kong SAR worldwide, with a combined 79% share of total exports.

Taiwan (Chinese), with a CAGR of +18.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dried mushroom export price amounted to $X per ton, waning by -18% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2021 an increase of 180%. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Mushroom Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of dried mushrooms and truffles decreased by -47.5% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 125%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, dried mushroom imports contracted dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 148% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main dried mushroom supplier to Hong Kong SAR, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.4%.

In value terms, China ($X) constituted the largest supplier of dried mushrooms and truffles to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.6%.

Import Prices by Country

The average dried mushroom import price stood at $X per ton in 2022, increasing by 9.9% against the previous year. In general, the import price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 69% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.8% per year.

Source: IndexBox Platform

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