Hong Kong SAR, China - Mushrooms (Dried) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDried Mushroom Price in Hong Kong SAR - 2023
Contents:
- Dried Mushroom Price in Hong Kong SAR (CIF) - 2023
- Dried Mushroom Price in Hong Kong SAR (FOB) - 2023
- Dried Mushroom Imports in Hong Kong SAR
- Dried Mushroom Exports in Hong Kong SAR
Dried Mushroom Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average dried mushroom import price amounted to $5,278 per ton, shrinking by -39.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 84% month-to-month. As a result, import price attained the peak level of $8,720 per ton, and then fell rapidly in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +0.3% per month.
Dried Mushroom Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average dried mushroom export price amounted to $16,656 per ton, increasing by 83% against the previous month. Overall, export price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, dried mushroom export price increased by +82.9% against May 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($27,714 per ton), while the average price for exports to Taiwan (Chinese) ($5,994 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Dried Mushroom Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of dried mushrooms and truffles, which decreased by -47.5% to 13K tons in 2022. Over the period under review, imports continue to indicate a dramatic setback. The smallest decline of -9.5% was in 2021.
In value terms, dried mushroom imports fell sharply to $74M in 2022. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of $189M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Dried Mushroom in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 142 | 182 | 120 | 68.3 | -21.6% |
| Others | 7.2 | 6.8 | 7.8 | 5.2 | -10.3% |
| Total | 149 | 189 | 127 | 73.5 | -21.0% |
Top Suppliers of Dried Mushroom to Hong Kong SAR in 2022:
- China (12.9K tons)
Dried Mushroom Exports in Hong Kong SAR
In 2022, shipments abroad of dried mushrooms and truffles was finally on the rise to reach 1.1K tons after two years of decline. Overall, exports, however, showed a precipitous descent.
In value terms, dried mushroom exports surged to $14M in 2022. In general, exports, however, continue to indicate a abrupt downturn.
| Export of Dried Mushroom in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 5.4 | 4.3 | 6.3 | 5.4 | 0.0% |
| Taiwan (Chinese) | 0.7 | 0.1 | 0.2 | 3.3 | 67.7% |
| United States | 2.1 | 2.7 | 2.3 | 2.5 | 6.0% |
| Canada | 1.4 | 0.9 | 0.9 | 1.3 | -2.4% |
| Australia | 0.6 | 0.4 | 0.4 | 0.3 | -20.6% |
| Vietnam | 9.0 | 0.9 | N/A | 0.1 | -77.7% |
| Thailand | 0.3 | 1.8 | N/A | N/A | 500.0% |
| Others | 2.3 | 1.4 | 1.9 | 1.1 | -21.8% |
| Total | 22.0 | 12.4 | 12.0 | 14.1 | -13.8% |
Top Export Markets for Dried Mushroom from Hong Kong SAR in 2022:
- Taiwan (Chinese) (435.3 tons)
- Macao SAR (335.2 tons)
- United States (137.2 tons)
- Canada (91.4 tons)
- Australia (36.3 tons)
- Vietnam (18.1 tons)
This report provides an in-depth analysis of the dried mushroom 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 450 - Dried 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
- 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 VOLUME AND VALUE
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
- 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
- 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 March 2023, the growth rate for Dried Mushroom imports was the highest, with a 39% increase compared to the previous month. However, by November 2023, the value of dried mushroom imports had decreased to $3.6M.
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In May 2023, the price of Dried Mushrooms reached $8,720 per ton (CIF, Hong Kong), experiencing an 84% increase compared to the previous month.
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