Hong Kong SAR, China - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAlmond Price in Hong Kong SAR - 2023
Contents:
- Almond Price in Hong Kong SAR (CIF) - 2023
- Almond Price in Hong Kong SAR (FOB) - 2022
- Almond Imports in Hong Kong SAR
- Almond Exports in Hong Kong SAR
Almond Price in Hong Kong SAR (CIF) - 2023
The average almond import price stood at $3,263 per ton in August 2023, waning by -3.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 69% m-o-m. The import price peaked at $5,257 per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +0.0% per month.
Almond Price in Hong Kong SAR (FOB) - 2022
The average almond export price stood at $3,674 per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($4,555 per ton), while the average price for exports to Vietnam ($2,075 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Almond Imports in Hong Kong SAR
Almond imports into Hong Kong SAR contracted remarkably to 3.4K tons in 2022, with a decrease of -80% against the previous year. Over the period under review, imports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 70%.
In value terms, almond imports fell remarkably to $13M in 2022. Overall, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year.
Import of Almond in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 90.0 | 32.6 | 70.6 | 13.1 | -47.4% |
Vietnam | 12.0 | 0.2 | N/A | 0.1 | -79.7% |
Canada | 12.0 | 0.6 | N/A | N/A | -95.0% |
Others | 1.3 | 0.6 | 0.2 | 0.2 | -46.4% |
Total | 115 | 34.0 | 70.8 | 13.4 | -51.2% |
Top Suppliers of Almond to Hong Kong SAR in 2022:
- Vietnam (undefinedK tons)
- United States (3.4K tons)
Almond Exports in Hong Kong SAR
Almond exports from Hong Kong SAR shrank significantly to 5.2K tons in 2022, reducing by -52.8% compared with the previous year. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year.
In value terms, almond exports fell remarkably to $19M in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year.
Export of Almond in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 31.8 | 16.2 | 37.6 | 17.4 | -18.2% |
Vietnam | 18.3 | 1.8 | 1.3 | 0.8 | -64.8% |
Thailand | 12.3 | 1.4 | N/A | 0.6 | -63.5% |
India | 29.6 | 6.7 | 0.9 | N/A | -82.6% |
Others | 1.4 | 0.5 | N/A | 0.3 | -40.2% |
Total | 93.4 | 26.5 | 39.8 | 19.0 | -41.2% |
Top Export Markets for Almond from Hong Kong SAR in 2022:
- China (4.6K tons)
- Vietnam (0.4K tons)
- Thailand (0.2K tons)
This report provides an in-depth analysis of the almond 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 221 - Almonds
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
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In May 2023, the almond price reached $3,429 per ton (CIF, Hong Kong), showing a 46% increase compared to the previous month.
In January 2023, the shelled walnut price amounted to $5,190 per ton (CIF, Hong Kong), which is down by -23% against the previous month.
In May 2023, the price of Pistachio reached $9,623 per ton (CIF, Hong Kong), showing a 20% increase compared to the previous month.
Explore the top import markets for almonds in 2023, including India, China, UAE, Spain, and more. Discover key statistics and trends in the global almond market.
The global almond market revenue amounted to $10.5B in 2018, going up by 6.5% against the previous year. This figure...
From 2007 to 2016, the value of the global almond market showed a stable dynamic trend. However, in 2016, the value of the the global almond market dropped to X billion USD. One of the main reasons for this can be explained by the favourable weather
Global almond consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
In 2015, the country with the largest volume of the almond output was the United States (X thousand tons), accounting for X% of global production.
The U.S. seized control of almond market. In 2014, the U.S. exported X thousand tons of almonds totaling X million USD, X% over the previous year. Its primary trading partner was Spain, where it supplied X% of its total almond exports in value
In 2013, the U.S. and Spain were the main global suppliers of almonds with a combined share of X% of global exports. However, the fastest growing suppliers on the global almond market from 2007 to 2013 were Turkey (+X% per year) and China (+X% per