Report Update Nov 1, 2024

Hong Kong SAR, China - Pigeon Peas - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Pigeon Peas Market 2024

Pigeon Peas Market Size in Hong Kong SAR, China

The Hong Kong pigeon peas market reduced rapidly to $X in 2021, waning by -56.9% 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). Overall, consumption saw a deep reduction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Pigeon Peas Exports

Exports from Hong Kong SAR, China

Pigeon peas exports from Hong Kong SAR amounted to X kg in 2016, standing approx. at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2016 and are expected to retain growth in years to come.

In value terms, pigeon peas exports stood at $X in 2016. In general, exports saw a relatively flat trend pattern. The exports peaked in 2016 and are expected to retain growth in the near future.

Exports by Country

Solomon Islands (X kg) was the main destination for pigeon peas exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2016 to 2016, the average annual growth rate of volume to Solomon Islands was relatively modest.

From 2016 to 2016, the average annual rate of growth in terms of value to Solomon Islands was relatively modest.

Pigeon Peas Imports

Imports into Hong Kong SAR, China

In 2021, the amount of pigeon peas imported into Hong Kong SAR fell remarkably to X tons, declining by -64.6% against 2020. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 2,338%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, pigeon peas imports declined remarkably to $X in 2021. In general, imports showed a mild contraction. The pace of growth was the most pronounced in 2017 with an increase of 1,840%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the main pigeon peas supplier to Hong Kong SAR, accounting for a 98% share of total imports. It was followed by Brazil (X kg), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India totaled +27.8%.

In value terms, India ($X) constituted the largest supplier of pigeon peas to Hong Kong SAR, comprising 97% of total imports. The second position in the ranking was held by Brazil ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India amounted to +20.6%.

Import Prices by Country

The average pigeon peas import price stood at $X per ton in 2021, surging by 31% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 54%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pigeon peas in the world?

The country with the largest volume of pigeon peas consumption was India, comprising approx. 77% of total volume. Moreover, pigeon peas consumption in India exceeded the figures recorded by the second-largest consumer, Malawi, tenfold. The third position in this ranking was occupied by Myanmar, with a 6% share.

What are the largest producers of pigeon peas in the world?

India constituted the country with the largest volume of pigeon peas production, comprising approx. 71% of total volume. Moreover, pigeon peas production in India exceeded the figures recorded by the second-largest producer, Malawi, ninefold. Myanmar ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of pigeon peas to Hong Kong SAR, China?

In value terms, India constituted the largest supplier of pigeon peas to Hong Kong SAR, comprising 61% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 29% share of total imports. It was followed by Myanmar, with a 6.6% share.

What is the average export price for pigeon peas in Hong Kong SAR, China?

In 2016, the average pigeon peas export price amounted to $1,231 per ton, almost unchanged from the previous year.

What is the average import price for pigeon peas in Hong Kong SAR, China?

In 2020, the average pigeon peas import price amounted to $1,145 per ton, declining by -8.5% against the previous year.

This report provides an in-depth analysis of the pigeon peas market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 197 - Pigeon peas

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023