Hong Kong SAR, China: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Hong Kong SAR, China

The Hong Kong market for peel of citrus fruit or melons reached $X in 2021, growing by 6.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Citrus fruit or melons peel consumption peaked in 2021 and is likely to continue growth in years to come.

Production of Peel Of Citrus Fruit Or Melons in Hong Kong SAR, China

In value terms, citrus fruit or melons peel production rose to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Hong Kong SAR, China

In 2021, overseas shipments of peel of citrus fruit or melons increased by 149% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 339%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports surged to $X in 2021. Overall, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Macao SAR (X tons) was the main destination for citrus fruit or melons peel exports from Hong Kong SAR, accounting for a 63% share of total exports. Moreover, citrus fruit or melons peel exports to Macao SAR exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was held by Australia (X kg), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR stood at +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+3.6% per year) and Australia (-3.7% per year).

In value terms, Macao SAR ($X) remains the key foreign market for peel of citrus fruit or melons exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports. It was followed by Australia, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.6% per year) and Australia (+19.7% per year).

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, falling by -39.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 509% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+24.4%), while the prices for the other major destinations experienced a decline.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Hong Kong SAR, China

In 2021, approx. X tons of peel of citrus fruit or melons were imported into Hong Kong SAR; surging by 68% compared with 2020. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 816% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 290% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of citrus fruit or melons peel to Hong Kong SAR, accounting for a 88% share of total imports. Moreover, citrus fruit or melons peel imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+33.9% per year) and Japan (+77.5% per year).

In value terms, China ($X) constituted the largest supplier of peel of citrus fruit or melons to Hong Kong SAR, comprising 60% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+51.9% per year) and Taiwan (Chinese) (+33.6% per year).

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, increasing by 37% against the previous year. Over the period under review, the import price continues to indicate a measured expansion. The growth pace was the most rapid in 2019 an increase of 102%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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