Hong Kong SAR, China: Spinach Market 2025

Spinach Market Size in Hong Kong SAR, China

In 2022, the Hong Kong spinach market increased by 1% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Spinach Production in Hong Kong SAR, China

In value terms, spinach production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 13%. Over the period under review, production reached the maximum level at $X in 2021, and then reduced modestly in the following year.

The average yield of spinach in Hong Kong SAR fell slightly to X tons per ha in 2022, approximately mirroring the previous year's figure. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 2.2% against the previous year. Over the period under review, the average spinach yield hit record highs at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the spinach harvested area in Hong Kong SAR amounted to X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area, however, saw a relatively flat trend pattern. Over the period under review, the harvested area dedicated to spinach production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Spinach Exports

Exports from Hong Kong SAR, China

In 2018, shipments abroad of spinach increased by 21% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 8,258% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2018, the growth of the exports remained at a somewhat lower figure.

In value terms, spinach exports surged to $X in 2018. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 4,003% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for spinach exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Singapore totaled -22.2%.

In value terms, Singapore ($X) also remains the key foreign market for spinach exports from Hong Kong SAR.

From 2012 to 2018, the average annual rate of growth in terms of value to Singapore amounted to -23.8%.

Export Prices by Country

The average spinach export price stood at $X per ton in 2018, waning by -2.1% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 0.7% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2018, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2018, the rate of growth in terms of prices for Singapore amounted to -2.0% per year.

Spinach Imports

Imports into Hong Kong SAR, China

In 2022, the amount of spinach imported into Hong Kong SAR surged to X tons, with an increase of 218% against the previous year. Overall, imports, however, continue to indicate a precipitous decline. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, spinach imports surged to $X in 2022. Over the period under review, imports, however, faced a deep slump. The growth pace was the most rapid in 2013 with an increase of 63% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest spinach supplier to Hong Kong SAR, accounting for a 70% share of total imports. Moreover, spinach imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+28.5% per year) and the United States (-9.9% per year).

In value terms, the largest spinach suppliers to Hong Kong SAR were Japan ($X), China ($X) and the United States ($X), with a combined 83% share of total imports.

Among the main suppliers, Japan, with a CAGR of +25.2%, 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

The average spinach import price stood at $X per ton in 2022, dropping by -55% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 165% against the previous year. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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