Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Hong Kong SAR, China: Vegetable Puree Market 2024

Vegetable Puree Market Size in Hong Kong SAR, China

The Hong Kong vegetable puree market skyrocketed to $X in 2022, picking up by 37% 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). Overall, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Puree Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of vegetable puree decreased by -79.3% to X tons, falling for the third year in a row after five years of growth. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 121% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable puree exports fell remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 378%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for vegetable puree exports from Hong Kong SAR, accounting for a 75% share of total exports. Moreover, vegetable puree exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +103.4%.

In value terms, China ($X) remains the key foreign market for vegetable puree exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at +92.4%.

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, falling by -7.5% against the previous year. Overall, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 161%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+12.5%), while the prices for the other major destinations experienced a decline.

Vegetable Puree Imports

Imports into Hong Kong SAR, China

Vegetable puree imports into Hong Kong SAR dropped dramatically to X tons in 2022, waning by -33.3% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 50% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vegetable puree imports declined dramatically to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 107%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and France (X tons) were the main suppliers of vegetable puree imports to Hong Kong SAR, with a combined 95% share of total imports. The UK and South Korea lagged somewhat behind, together comprising a further 3.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable puree suppliers to Hong Kong SAR were China ($X), France ($X) and Taiwan (Chinese) ($X), with a combined 94% share of total imports.

France, with a CAGR of +63.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, declining by -9.4% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable puree in the world?

The countries with the highest volumes of vegetable puree consumption in 2021 were France, Pakistan and India, together comprising 34% of global consumption. Russia, Thailand, Belgium, Spain, the UK, China, Taiwan Chinese), Greece, Poland and the United States lagged somewhat behind, together comprising a further 40%.

What are the largest producers of vegetable puree in the world?

The countries with the highest volumes of vegetable puree production in 2021 were France, Italy and Pakistan, with a combined 37% share of global production.

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

In value terms, China constituted the largest supplier of vegetable puree to Hong Kong SAR, comprising 63% of total imports. The second position in the ranking was occupied by South Korea, with a 13% share of total imports. It was followed by France, with a 12% share.

What are the leading importers of vegetable puree from Hong Kong SAR, China?

In value terms, China remains the key foreign market for vegetable puree exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was occupied by Macao SAR $439), with a 2.4% share of total exports.

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

In 2021, the average vegetable puree export price amounted to $7,851 per ton, rising by 9.2% against the previous year.

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

In 2021, the average vegetable puree import price amounted to $6,027 per ton, surging by 9.9% against the previous year.

This report provides an in-depth analysis of the vegetable puree 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 476 - Homogenized Vegetable Preparations

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023