Report Update Jan 1, 2025

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

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Hong Kong SAR, China: Potato Market 2025

Potato Market Size in Hong Kong SAR, China

In 2021, the Hong Kong potato market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Potato Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of potatoes increased by 50% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 1,046% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, potato exports declined markedly to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 205%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Cambodia (X tons) and Macao SAR (X tons) were the main destinations of potato exports from Hong Kong SAR, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were in Cambodia (with a CAGR of +17.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Cambodia ($X) and Macao SAR ($X) constituted the largest markets for potato exported from Hong Kong SAR worldwide, with a combined 91% share of total exports.

Cambodia, with a CAGR of +52.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average potato export price amounted to $X per ton, which is down by -61.1% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 328% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Cambodia ($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 the United States (+66.2%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Imports

Imports into Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in supplies from abroad of potatoes, when their volume increased by 7.8% to X tons. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 155%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, potato imports expanded sharply to $X in 2021. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 122% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of potato to Hong Kong SAR, with a 53% share of total imports. Moreover, potato imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and Germany (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of potato to Hong Kong SAR, comprising 41% of total imports. The second position in the ranking was taken by Australia ($X), with a 20% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+9.9% per year) and the United States (-6.8% per year).

Import Prices by Country

The average potato import price stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for India ($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 (+8.8%), 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 potatoes in the world?

The countries with the highest volumes of potato consumption in 2021 were China, India and Russia, together comprising 41% of global consumption. These countries were followed by Ukraine, the United States, Germany, Bangladesh, Poland, the Netherlands, France, Belgium, the UK and Belarus, which together accounted for a further 27%.

What are the largest producers of potatoes in the world?

The countries with the highest volumes of potato production in 2021 were China, India and Russia, together accounting for 42% of global production. These countries were followed by Ukraine, the United States, Germany, Bangladesh, France, Poland, the Netherlands, Belarus, Peru and the UK, which together accounted for a further 28%.

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

In value terms, China constituted the largest supplier of potato to Hong Kong SAR, comprising 41% of total imports. The second position in the ranking was occupied by Australia, with a 20% share of total imports. It was followed by the United States, with a 15% share.

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

In 2021, the average potato export price amounted to $720 per ton, shrinking by -60.9% against the previous year.

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

In 2021, the average potato import price amounted to $670 per ton, approximately reflecting the previous year.

This report provides an in-depth analysis of the potato 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 116 - Potatoes

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024