Hong Kong SAR, China - Mushrooms And Truffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kongs Imports of Mushrooms and Truffles Decrease to $1.4M in November 2023
Hong Kong Mushroom And Truffle Imports
In November 2023, the amount of mushrooms and truffles imported into Hong Kong declined to 791 tons, shrinking by -9.7% against the month before. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when imports increased by 36% m-o-m. As a result, imports reached the peak of 912 tons. From September 2023 to November 2023, the growth of imports remained at a lower figure.
In value terms, mushroom and truffle imports fell to $1.4M (IndexBox estimates) in November 2023. Over the period under review, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in August 2023 with an increase of 31% against the previous month.
| COUNTRY | Import Value of Mushroom And Truffle in Hong Kong (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 457 | 443 | 309 | 362 | 139 | 340 | 426 | 277 | 307 | 587 | 517 | 558 | 395 |
| Japan | 454 | 218 | 305 | 258 | 266 | 173 | 197 | 171 | 172 | 209 | 221 | 221 | 206 |
| South Korea | 260 | 204 | 200 | 149 | 174 | 170 | 173 | 132 | 126 | 229 | 204 | 353 | 206 |
| Netherlands | 69.9 | 54.5 | 25.0 | 36.4 | 30.0 | 60.2 | 54.8 | 24.5 | 44.0 | 60.9 | 67.5 | 54.8 | 129 |
| Taiwan (Chinese) | 133 | 205 | 185 | 91.4 | 108 | 182 | 141 | 153 | 83.4 | 168 | 104 | 60.1 | 69.6 |
| Others | 515 | 601 | 185 | 160 | 388 | 36.1 | 31.0 | 83.4 | 346 | 157 | 77.5 | 236 | 362 |
| Total | 1,888 | 1,726 | 1,209 | 1,058 | 1,104 | 960 | 1,022 | 841 | 1,078 | 1,411 | 1,191 | 1,483 | 1,368 |
Imports by Country
In November 2023, China (570 tons) constituted the largest mushroom and truffle supplier to Hong Kong, with a 72% share of total imports. Moreover, mushroom and truffle imports from China exceeded the figures recorded by the second-largest supplier, South Korea (102 tons), sixfold. The third position in this ranking was taken by Japan (47 tons), with a 6% share.
From November 2022 to November 2023, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-2.4% per month) and Japan (-3.0% per month).
In value terms, the largest mushroom and truffle suppliers to Hong Kong were China ($395K), South Korea ($206K) and Japan ($206K), together accounting for 59% of total imports. The Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.
Among the main suppliers, the Netherlands, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In November 2023, the mushroom and truffle price stood at $1,729 per ton (CIF, Hong Kong), picking up by 2.2% against the previous month. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in July 2023 an increase of 35% against the previous month. The import price peaked at $2,158 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($4,363 per ton), while the price for China ($693 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the mushroom and truffle 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 449 - Mushrooms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
