Hong Kong SAR, China: Market for Seeds, Fruit and Spores Used for Sowing 2024

Market Size for Seeds, Fruit and Spores Used for Sowing in Hong Kong SAR, China

The Hong Kong market for seeds, fruit and spores used for sowing reduced notably to $X in 2022, dropping by -65.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a deep setback. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Seeds, Fruit and Spores Used for Sowing

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded growth in overseas shipments of seeds, fruit and spores used for sowing, which increased by 14% to X tons in 2022. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 130%. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of seeds, fruit and spores used for sowing fell sharply to $X in 2022. Over the period under review, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2020 when exports increased by 193% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons), China (X tons) and Angola (X kg) were the main destinations of exports of seeds, fruit and spores used for sowing from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for seeds, fruit and spores used for sowing exports from Hong Kong SAR, comprising 97% of total exports. The second position in the ranking was held by Myanmar ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (0.0% per year) and Angola (0.0% per year).

Export Prices by Country

The average export price for seeds, fruit and spores used for sowing stood at $X per ton in 2022, reducing by -37.5% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2013 an increase of 158%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Myanmar ($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 the Philippines (+83.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seeds, Fruit and Spores Used for Sowing

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of seeds, fruit and spores used for sowing decreased by -60.3% to X tons in 2022. In general, imports saw a dramatic slump. The growth pace was the most rapid in 2018 when imports increased by 660%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of seeds, fruit and spores used for sowing dropped remarkably to $X in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 195%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Vietnam (X tons) and the United States (X tons) were the main suppliers of imports of seeds, fruit and spores used for sowing to Hong Kong SAR, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +3.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of seeds, fruit and spores used for sowing to Hong Kong SAR, comprising 92% of total imports. The second position in the ranking was held by Australia ($X), with a 3.4% share of total imports. It was followed by the United States, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-1.7% per year) and the United States (-21.0% per year).

Import Prices by Country

In 2022, the average import price for seeds, fruit and spores used for sowing amounted to $X per ton, jumping by 79% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 96%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+77.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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