Hong Kong SAR, China: Walnut Market 2025

Walnut Market Size in Hong Kong SAR, China

The Hong Kong walnut market fell to $X in 2021, with a decrease of -6.2% against the previous year. In general, consumption showed a dramatic curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Walnut Production in Hong Kong SAR, China

In value terms, walnut production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26%. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Walnut Exports

Exports from Hong Kong SAR, China

In 2021, the amount of walnuts exported from Hong Kong SAR declined notably to X tons, reducing by -20.9% compared with 2020. In general, exports faced a dramatic slump. The smallest decline of -7.8% was in 2015. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, walnut exports contracted rapidly to $X in 2021. Overall, exports saw a sharp decrease. The smallest decline of -3.6% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Thailand (X tons) and India (X tons) were the main destinations of walnut exports from Hong Kong SAR, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of -0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for walnut exported from Hong Kong SAR were China ($X), Thailand ($X) and India ($X), with a combined 99% share of total exports.

Thailand, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, surging by 4.3% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 33% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Thailand (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of walnuts decreased by -38.6% to X tons, falling for the eighth consecutive year after two years of growth. Over the period under review, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, walnut imports contracted significantly to $X in 2021. In general, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 54%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest walnut supplier to Hong Kong SAR, with a 76% share of total imports. Moreover, walnut imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Chile (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.0% per year) and Chile (-38.2% per year).

In value terms, the United States ($X) constituted the largest supplier of walnut to Hong Kong SAR, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Chile, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -46.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.6% per year) and Chile (-40.1% per year).

Import Prices by Country

The average walnut import price stood at $X per ton in 2021, which is down by -3.6% against the previous year. In general, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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