Hong Kong SAR, China: Watermelon Market 2025

Watermelon Market Size in Hong Kong SAR, China

In 2022, the Hong Kong watermelon market decreased by -21.7% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Watermelon Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of watermelons decreased by -80.9% to X tons, falling for the third year in a row after four years of growth. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2013 when exports increased by 261%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, watermelon exports declined rapidly to $X in 2022. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 134%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for watermelon exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR amounted to -22.8%.

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

From 2012 to 2022, the average annual growth rate of value to Macao SAR stood at -20.6%.

Export Prices by Country

In 2022, the average watermelon export price amounted to $X per ton, growing by 13% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watermelon export price increased by +78.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 85%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +2.9% per year.

Watermelon Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of watermelons decreased by -38.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, watermelon imports fell dramatically to $X in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of watermelon to Hong Kong SAR, accounting for a 81% share of total imports. Moreover, watermelon imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), tenfold. Malaysia (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.6% per year) and Malaysia (-32.3% per year).

In value terms, China ($X) constituted the largest supplier of watermelons to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.7% share of total imports. It was followed by Taiwan (Chinese), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+28.0% per year) and Taiwan (Chinese) (+3.4% per year).

Import Prices by Country

In 2022, the average watermelon import price amounted to $X per ton, growing by 31% against the previous year. Overall, the import price posted strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($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 (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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