Hong Kong SAR, China: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Hong Kong SAR, China

The Hong Kong roots and tubers, nes market expanded remarkably to $X in 2020, growing by X% 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). Over the period under review, consumption continues to indicate a slight reduction. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market remained at a lower figure.

Exports of Roots and Tubers, nes

Exports from Hong Kong SAR, China

In 2020, exports of roots and tubers, nes from Hong Kong SAR dropped sharply to X tons, waning by -X% compared with the previous year. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. from 2015 to 2020, the growth exports failed to regain the momentum.

In value terms, roots and tubers, nes exports contracted rapidly to $X in 2020. Over the period under review, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Macao SAR (X tons) was the main destination for roots and tubers, nes exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, roots and tubers, nes exports to Macao SAR exceeded the volume sent to the second major destination, Canada (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macao SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Australia (-X% per year).

In value terms, Macao SAR ($X), Canada ($X) and Australia ($X) constituted the largest markets for roots and tubers, nes exported from Hong Kong SAR worldwide.

In terms of the main countries of destination, Macao SAR recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average roots and tubers, nes export price stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2010; afterwards, it flattened through to 2020.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Australia ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced a decline.

Imports of Roots and Tubers, nes

Imports into Hong Kong SAR, China

In 2020, overseas purchases of roots and tubers, nes decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports remained at a lower figure.

In value terms, roots and tubers, nes imports rose markedly to $X in 2020. Over the period under review, imports posted a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of roots and tubers, nes to Hong Kong SAR, accounting for a X% share of total imports. Moreover, roots and tubers, nes imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) were the largest roots and tubers, nes suppliers to Hong Kong SAR, with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average roots and tubers, nes import price amounted to $X per ton, surging by X% against the previous year. In general, the import price posted a remarkable increase. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. The import price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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