Hong Kong SAR, China - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Onion Price in Hong Kong SAR - 2023
Contents:
- Dried Onion Price in Hong Kong SAR (CIF) - 2022
- Dried Onion Price in Hong Kong SAR (FOB) - 2022
- Dried Onion Imports in Hong Kong SAR
- Dried Onion Exports in Hong Kong SAR
Dried Onion Price in Hong Kong SAR (CIF) - 2022
The average dried onion import price stood at $4,351 per ton in 2022, picking up by 36% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried onion import price increased by +90.3% against 2017 indices. The import price peaked at $4,387 per ton in 2015; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,639 per ton), while the price for Indonesia ($1,926 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Onion Price in Hong Kong SAR (FOB) - 2022
The average dried onion export price stood at $2,636 per ton in 2022, picking up by 6.4% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 38%. The export price peaked at $5,082 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($11,987 per ton), while the average price for exports to Canada ($763 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 Malaysia (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
Dried Onion Imports in Hong Kong SAR
Dried onion imports into Hong Kong SAR fell slightly to 74 tons in 2022, flattening at the previous year's figure. In general, imports continue to indicate a mild descent. The growth pace was the most rapid in 2021 with an increase of 24%.
In value terms, dried onion imports soared to $321K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dried Onion in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.2 | 61.7 | 49.6 | 142 | 29.6% |
| India | 7.0 | 1.4 | 1.2 | 70.5 | 116.0% |
| China | 69.3 | 61.0 | 38.1 | 59.7 | -4.8% |
| Nepal | N/A | N/A | N/A | 22.3 | 0% |
| Vietnam | 13.0 | 9.7 | 11.5 | 11.1 | -5.1% |
| Indonesia | 17.2 | 9.0 | 10.6 | 3.2 | -42.9% |
| Malaysia | 37.1 | 42.3 | 37.6 | N/A | 0.7% |
| Others | 9.1 | 20.9 | 88.3 | 12.5 | 11.2% |
| Total | 218 | 206 | 237 | 321 | 13.8% |
Top Suppliers of Dried Onion to Hong Kong SAR in 2022:
- India (27.5 tons)
- China (17.1 tons)
- United States (13.3 tons)
- Nepal (7.4 tons)
- Vietnam (4.3 tons)
- Indonesia (1.7 tons)
Dried Onion Exports in Hong Kong SAR
Dried onion exports from Hong Kong SAR reduced rapidly to 43 tons in 2022, falling by -47.6% against the year before. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,092% against the previous year. As a result, the exports reached the peak of 82 tons, and then dropped markedly in the following year.
In value terms, dried onion exports contracted rapidly to $113K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 776%. As a result, the exports reached the peak of $203K, and then fell dramatically in the following year.
| Export of Dried Onion in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.0 | 13.7 | 98.5 | 69.7 | 44.7% |
| Malaysia | 3.7 | 3.9 | 36.3 | 22.0 | 81.2% |
| United States | 2.8 | 2.0 | 22.2 | 13.4 | 68.5% |
| Others | 4.1 | 3.5 | 45.5 | 7.7 | 23.4% |
| Total | 33.7 | 23.1 | 203 | 113 | 49.7% |
Top Export Markets for Dried Onion from Hong Kong SAR in 2022:
- China (36.1 tons)
- United States (4.0 tons)
- Malaysia (1.8 tons)
This report provides an in-depth analysis of the dried onion 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:
- Prodcom 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared
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
- 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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