Hong Kong SAR, China: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Hong Kong SAR, China

The Hong Kong wine of fresh grapes market shrank to $X in 2022, which is down by -11.1% against the previous year. In general, consumption recorded a relatively flat trend pattern. Wine of fresh grapes consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Hong Kong SAR, China

In value terms, wine of fresh grapes production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Hong Kong SAR, China

In 2022, shipments abroad of wine of fresh grapes (except sparkling wine) increased by 51% to X litres, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports soared to $X in 2022. In general, exports posted perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 98%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X litres) was the main destination for wine of fresh grapes exports from Hong Kong SAR, accounting for a 63% share of total exports. Moreover, wine of fresh grapes exports to China exceeded the volume sent to the second major destination, Macao SAR (X litres), twofold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+6.6% per year) and Thailand (+24.2% per year).

In value terms, the largest markets for wine of fresh grapes exported from Hong Kong SAR were Macao SAR ($X), China ($X) and Thailand ($X), together accounting for 72% of total exports.

Thailand, with a CAGR of +26.2%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, with a decrease of -2.1% against the previous year. Overall, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 an increase of 33%. As a result, the export price reached the peak level of $X per litre. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Hong Kong SAR, China

In 2022, wine of fresh grapes imports into Hong Kong SAR dropped to X litres, reducing by -14.7% against 2021. In general, imports saw a noticeable descent. The pace of growth was the most pronounced in 2015 when imports increased by 21% against the previous year. Over the period under review, imports attained the maximum at X litres in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports contracted markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X litres), France (X litres) and the United States (X litres) were the main suppliers of wine of fresh grapes imports to Hong Kong SAR, together comprising 62% of total imports. Italy, Chile, Spain, Singapore, New Zealand, China, the UK and Germany lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +12.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Hong Kong SAR, comprising 36% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports. It was followed by Australia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.5% per year) and Australia (+7.4% per year).

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, shrinking by -12.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per litre, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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