Hong Kong SAR, China: Green Peas Market 2025

Green Peas Market Size in Hong Kong SAR, China

The Hong Kong green peas market dropped to $X in 2022, falling by -2% against the previous year. Over the period under review, consumption, however, showed a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Green Peas Production in Hong Kong SAR, China

In value terms, green peas production contracted to $X in 2022 estimated in export price. In general, production, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of 129%. Green peas production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of peas (green) in Hong Kong SAR amounted to X tons per ha in 2022, flattening at the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by 7.7%. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average green peas yield remained at a 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, the total area harvested in terms of peas (green) production in Hong Kong SAR stood at X ha, approximately equating 2021 figures. Overall, the harvested area recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 1.7% against the previous year. Over the period under review, the harvested area dedicated to green peas production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Green Peas Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of peas (green) decreased by -25.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a precipitous contraction. The growth pace was the most rapid in 2015 with an increase of 711% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, green peas exports fell dramatically to $X in 2022. Overall, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 241%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for green peas exports from Hong Kong SAR, with a approx. 13% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +31.4%.

In value terms, Canada ($X) emerged as the key foreign market for peas (green) exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +52.4%.

Export Prices by Country

In 2022, the average green peas export price amounted to $X per ton, dropping by -13.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 116% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +16.0% per year.

Green Peas Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of peas (green) increased by 7.3% to X tons, rising for the second consecutive year after six years of decline. In general, imports, however, saw a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, green peas imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a sharp contraction. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and the UK (X tons) were the main suppliers of green peas imports to Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +47.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest green peas suppliers to Hong Kong SAR.

Among the main suppliers, Japan, with a CAGR of +65.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average green peas import price stood at $X per ton in 2022, surging by 37% against the previous year. Over the period under review, the import price enjoyed a significant increase. The pace of growth was the most pronounced in 2018 an increase of 594%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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