Hong Kong SAR, China: Fruit Market 2024

Fruit Market Size in Hong Kong SAR, China

In 2022, the Hong Kong fruit market increased by X% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Fruit consumption peaked in 2022 and is expected to retain growth in years to come.

Fruit Production in Hong Kong SAR, China

In value terms, fruit production soared to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of fruits in Hong Kong SAR amounted to X tons per ha in 2022, picking up by X% compared with the previous year's figure. Over the period under review, the yield saw noticeable growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average fruit yield failed to regain momentum. 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 fruits were harvested in Hong Kong SAR; approximately equating the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to fruit production attained the maximum at X ha in 2021, and then shrank in the following year.

Fruit Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of fruits were exported from Hong Kong SAR; with a decrease of X% against the previous year's figure. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit exports shrank notably to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

China (X tons) was the main destination for fruit exports from Hong Kong SAR, accounting for a X% share of total exports. It was followed by Macao SAR (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) remains the key foreign market for fruits exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%.

Export Prices by Country

The average fruit export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign 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 Macao SAR stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Fruit Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of fruits decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, imports saw a perceptible decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fruit imports reduced rapidly to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

China (X tons), Thailand (X tons) and South Africa (X tons) were the main suppliers of fruit imports to Hong Kong SAR, together accounting for X% of total imports. Chile, Australia, the United States, Peru, Vietnam, the Philippines, Egypt, New Zealand, Japan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of fruits to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average fruit import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit import price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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