Hong Kong SAR, China: Pistachio Market 2025

Pistachio Market Size in Hong Kong SAR, China

The Hong Kong pistachio market fell dramatically to $X in 2022, which is down by -28% against the previous year. In general, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Pistachio Production in Hong Kong SAR, China

In value terms, pistachio production fell to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Pistachio production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of pistachios in Hong Kong SAR totaled less than X kg per ha in 2022, approximately reflecting 2021 figures. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pistachio harvested area in Hong Kong SAR amounted to less than X ha in 2022, approximately equating the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Pistachio Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of pistachios, which decreased by -62.2% to X tons in 2022. Overall, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, pistachio exports contracted rapidly to $X in 2022. In general, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for pistachio exports from Hong Kong SAR, with a 58% share of total exports. Moreover, pistachio exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at -25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.3% per year) and Taiwan (Chinese) (-3.3% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for pistachios exports from Hong Kong SAR, comprising 48% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to -24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-23.8% per year) and Taiwan (Chinese) (-0.2% per year).

Export Prices by Country

The average pistachio export price stood at $X per ton in 2022, declining by -10.4% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pistachio export price increased by +39.3% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Vietnam ($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 China (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pistachio Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of pistachios decreased by -75.2% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 51%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, pistachio imports dropped remarkably to $X in 2022. Over the period under review, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2013 with an increase of 28%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest pistachio supplier to Hong Kong SAR, accounting for a 86% share of total imports. Moreover, pistachio imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.4% per year) and Iran (-51.9% per year).

In value terms, the United States ($X) constituted the largest supplier of pistachios to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.8% per year) and Iran (-51.5% per year).

Import Prices by Country

The average pistachio import price stood at $X per ton in 2022, with a decrease of -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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