Hong Kong SAR, China: Pulses Market 2024

Pulses Market Size in Hong Kong SAR, China

The Hong Kong pulses market rose rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Pulses Production in Hong Kong SAR, China

In value terms, pulses production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous contraction. The pace of growth appeared the most rapid in 2014 when the production volume decreased by X% against the previous year. Pulses production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of pulses in Hong Kong SAR was estimated at less than X kg per ha in 2022, flattening at the previous year's figure. In general, the yield saw 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.

In 2022, the total area harvested in terms of pulses production in Hong Kong SAR totaled less than X ha, almost unchanged from 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Pulses Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of pulses was finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, pulses exports rose to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main destinations of pulses exports from Hong Kong SAR, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for pulses exported from Hong Kong SAR were Macao SAR ($X), the United States ($X) and Canada ($X), with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Hong Kong SAR, China

In 2022, pulses imports into Hong Kong SAR dropped to X tons, stabilizing at 2021. In general, imports saw a mild setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, pulses imports expanded rapidly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pulses to Hong Kong SAR, with a X% share of total imports. Moreover, pulses imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Australia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and the United States (X% per year).

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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