Hong Kong SAR, China: Onion And Shallot Market 2025

Onion And Shallot Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong onion and shallot market decreased by -70.7% to $X in 2022. Overall, consumption saw a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2021, and then dropped remarkably in the following year.

Onion And Shallot Production in Hong Kong SAR, China

In value terms, onion and shallot production expanded markedly to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 74%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of onions and shallots in Hong Kong SAR reduced to X tons per ha in 2022, flattening at the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 1.5% against the previous year. Over the period under review, the average onion and shallot yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the 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 onions and shallots were harvested in Hong Kong SAR; remaining stable against the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 3.6%. Over the period under review, the harvested area dedicated to onion and shallot production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Onion And Shallot Exports

Exports from Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in overseas shipments of onions and shallots, when their volume decreased by -83.4% to X tons. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 899% against the previous year. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, onion and shallot exports reduced notably to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 1,341%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

The Philippines (X tons) was the main destination for onion and shallot exports from Hong Kong SAR, with a 80% share of total exports. Moreover, onion and shallot exports to the Philippines exceeded the volume sent to the second major destination, Malaysia (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+4.9% per year) and China (-6.5% per year).

In value terms, the Philippines ($X) remains the key foreign market for onions and shallots exports from Hong Kong SAR, comprising 84% of total exports. The second position in the ranking was held by Malaysia ($X), with a 6.9% share of total exports. It was followed by China, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+7.2% per year) and China (-2.2% per year).

Export Prices by Country

The average onion and shallot export price stood at $X per ton in 2022, shrinking by -27.6% against the previous year. Over the period under review, the export price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 Vietnam (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in purchases abroad of onions and shallots, when their volume decreased by -81.4% to X tons. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 259%. Imports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, onion and shallot imports shrank markedly to $X in 2022. In general, imports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2020 when imports increased by 443% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

The Netherlands (X tons), New Zealand (X tons) and China (X tons) were the main suppliers of onion and shallot imports to Hong Kong SAR, with a combined 75% share of total imports. Australia, the United States, Japan and India lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +15.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), New Zealand ($X) and Australia ($X) constituted the largest onion and shallot suppliers to Hong Kong SAR, with a combined 71% share of total imports. Japan, China, the United States and India lagged somewhat behind, together comprising a further 26%.

Japan, with a CAGR of +18.8%, saw 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

In 2022, the average onion and shallot import price amounted to $X per ton, shrinking by -7.7% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 61% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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