Hong Kong SAR, China: Root And Tuber Market 2024

Root And Tuber Market Size in Hong Kong SAR, China

In 2022, the Hong Kong root and tuber market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted buoyant growth. Root and tuber consumption peaked in 2022 and is likely to continue growth in the immediate term.

Root And Tuber Production in Hong Kong SAR, China

In value terms, root and tuber production contracted to $X in 2022 estimated in export price. Overall, the total production indicated slight growth 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. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. Root and tuber production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of roots and tubers in Hong Kong SAR shrank modestly to X tons per ha in 2022, standing approx. at 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average root and tuber yield remained 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 roots and tubers were harvested in Hong Kong SAR; remaining constant against 2021. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. The root and tuber harvested area peaked in 2022 and is likely to see steady growth in the near future.

Root And Tuber Exports

Exports from Hong Kong SAR, China

After two years of growth, overseas shipments of roots and tubers decreased by X% to X tons in 2022. Over the period under review, exports recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports amounted to $X in 2022. In general, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for root and tuber exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, root and tuber exports to Macao SAR exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United States (X% per year).

In value terms, Macao SAR ($X) remains the key foreign market for roots and tubers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United States (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price posted a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export 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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of roots and tubers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports soared to $X in 2022. Overall, imports showed strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of root and tuber to Hong Kong SAR, with a X% share of total imports. Moreover, root and tuber imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

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

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

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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