Hong Kong SAR, China - Citrus Fruit - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCitrus Fruit Price in Hong Kong SAR - 2023
Contents:
- Citrus Fruit Price in Hong Kong SAR (CIF) - 2022
- Citrus Fruit Price in Hong Kong SAR (FOB) - 2022
- Citrus Fruit Imports in Hong Kong SAR
- Citrus Fruit Exports in Hong Kong SAR
Citrus Fruit Price in Hong Kong SAR (CIF) - 2022
The average citrus fruit import price stood at $1,315 per ton in 2022, surging by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 an increase of 19%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,541 per ton), while the price for Egypt ($889 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Citrus Fruit Price in Hong Kong SAR (FOB) - 2022
In 2022, the average citrus fruit export price amounted to $1,216 per ton, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2014 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($1,667 per ton), while the average price for exports to China ($1,187 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 the Philippines (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Citrus Fruit Imports in Hong Kong SAR
In 2022, the amount of citrus fruits imported into Hong Kong SAR contracted markedly to 265K tons, which is down by -15.6% against 2021. Overall, imports recorded a abrupt contraction. The smallest decline of -11.7% was in 2021.
In value terms, citrus fruit imports contracted to $349M in 2022. Over the period under review, imports showed a drastic downturn. The smallest decline of -7.2% was in 2021.
| Import of Citrus Fruit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 127 | 116 | 111 | 119 | -2.1% |
| United States | 105 | 106 | 97.6 | 72.8 | -11.5% |
| Australia | 94.2 | 74.4 | 55.7 | 53.6 | -17.1% |
| China | 38.0 | 33.9 | 45.2 | 37.1 | -0.8% |
| Egypt | 63.2 | 45.2 | 25.7 | 24.6 | -27.0% |
| Thailand | 5.5 | 5.9 | 9.0 | 8.6 | 16.1% |
| Taiwan (Chinese) | 4.4 | 4.7 | 4.9 | 6.1 | 11.5% |
| Spain | 24.7 | 6.4 | 0.9 | 1.8 | -58.2% |
| Others | 20.6 | 27.3 | 40.5 | 24.8 | 6.4% |
| Total | 483 | 420 | 390 | 349 | -10.3% |
Top Suppliers of Citrus Fruit to Hong Kong SAR in 2022:
- South Africa (115.4K tons)
- United States (41.0K tons)
- Australia (39.5K tons)
- Egypt (27.7K tons)
- China (14.6K tons)
- Taiwan (Chinese) (4.8K tons)
- Thailand (4.7K tons)
- Spain (1.4K tons)
Citrus Fruit Exports in Hong Kong SAR
In 2022, approx. 105K tons of citrus fruits were exported from Hong Kong SAR; declining by -29.5% against 2021. Overall, exports saw a precipitous curtailment. The smallest decline of -11.7% was in 2021.
In value terms, citrus fruit exports fell notably to $128M in 2022. In general, exports faced a abrupt decline. The smallest decline of -1.9% was in 2021.
| Export of Citrus Fruit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 203 | 152 | 152 | 114 | -17.5% |
| Macao SAR | 4.9 | 6.0 | 5.1 | 8.0 | 17.8% |
| Philippines | 6.1 | 6.1 | 5.7 | 5.6 | -2.8% |
| Others | 1.4 | 3.0 | 0.8 | N/A | -24.4% |
| Total | 216 | 167 | 164 | 128 | -16.0% |
Top Export Markets for Citrus Fruit from Hong Kong SAR in 2022:
- China (96.2K tons)
- Macao SAR (4.8K tons)
- Philippines (4.0K tons)
This report provides an in-depth analysis of the citrus fruit 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 507 - Grapefruit and pomelo
- FCL 497 - Lemons and limes
- FCL 490 - Oranges
- FCL 495 - Tangerines, mandarins, clementines, satsumas
- FCL 512 - Citrus fruit nes
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
-
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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This report provides an in-depth analysis of the citrus fruit market in Hong Kong SAR, China.
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