Hong Kong SAR, China - Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFruit Price in Hong Kong SAR - 2023
Contents:
- Fruit Price in Hong Kong SAR (CIF) - 2022
- Fruit Price in Hong Kong SAR (FOB) - 2022
- Fruit Imports in Hong Kong SAR
- Fruit Exports in Hong Kong SAR
Fruit Price in Hong Kong SAR (CIF) - 2022
The average fruit import price stood at $1,886 per ton in 2022, with an increase of 8.2% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit import price increased by +98.2% against 2012 indices. The growth pace was the most rapid in 2014 an increase of 16%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,787 per ton), while the price for China ($936 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Fruit Price in Hong Kong SAR (FOB) - 2022
In 2022, the average fruit export price amounted to $2,188 per ton, surging by 17% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,203 per ton), while the average price for exports to Macao SAR amounted to $1,913 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.5%).
Fruit Imports in Hong Kong SAR
In 2022, the amount of fruits imported into Hong Kong SAR contracted dramatically to 1.1M tons, waning by -26.8% compared with the previous year's figure. Over the period under review, imports faced a abrupt setback. The smallest decline of -6.3% was in 2021.
In value terms, fruit imports shrank remarkably to $2.1B in 2022. Overall, imports saw a deep setback. The growth pace was the most rapid in 2020 when imports increased by 4.9%.
| Import of Fruit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 569 | 817 | 914 | 597 | 1.6% |
| Chile | 428 | 399 | 309 | 249 | -16.5% |
| China | 147 | 174 | 211 | 202 | 11.2% |
| South Africa | 188 | 168 | 157 | 157 | -5.8% |
| Peru | 109 | 106 | 141 | 138 | 8.2% |
| Japan | 81.7 | 86.2 | 111 | 137 | 18.8% |
| United States | 201 | 201 | 171 | 130 | -13.5% |
| Australia | 259 | 240 | 212 | 126 | -21.4% |
| Vietnam | 72.6 | 46.8 | 77.7 | 71.0 | -0.7% |
| New Zealand | 90.9 | 76.3 | 88.6 | 62.0 | -12.0% |
| Philippines | 77.7 | 56.6 | 48.7 | 43.1 | -17.8% |
| Taiwan (Chinese) | 29.1 | 27.8 | 34.3 | 30.4 | 1.5% |
| Egypt | 67.4 | 48.1 | 29.3 | 28.2 | -25.2% |
| Others | 199 | 195 | 160 | 139 | -11.3% |
| Total | 2,518 | 2,641 | 2,664 | 2,110 | -5.7% |
Top Suppliers of Fruit to Hong Kong SAR in 2022:
- China (215.7K tons)
- Thailand (212.6K tons)
- South Africa (138.0K tons)
- Chile (134.2K tons)
- Australia (63.5K tons)
- United States (62.3K tons)
- Peru (54.7K tons)
- Vietnam (39.7K tons)
- Philippines (39.4K tons)
- Egypt (29.7K tons)
- New Zealand (23.4K tons)
- Japan (20.3K tons)
- Taiwan (Chinese) (17.1K tons)
Fruit Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of fruits, which decreased by -40.1% to 545K tons in 2022. In general, exports saw a dramatic curtailment. The smallest decline of -7.5% was in 2020.
In value terms, fruit exports contracted sharply to $1.2B in 2022. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 5.5% against the previous year. As a result, the exports attained the peak of $1.7B, and then dropped markedly in the following year.
| Export of Fruit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,535 | 1,574 | 1,663 | 1,152 | -9.1% |
| Macao SAR | 21.9 | 23.0 | 26.8 | 30.8 | 12.0% |
| Others | 12.4 | 13.4 | 9.9 | 8.5 | -11.8% |
| Total | 1,569 | 1,610 | 1,699 | 1,192 | -8.8% |
Top Export Markets for Fruit from Hong Kong SAR in 2022:
- China (523.1K tons)
- Macao SAR (16.1K tons)
This report provides an in-depth analysis of the 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 515 - Apples
- FCL 521 - Pears
- FCL 523 - Quinces
- FCL 526 - Apricots
- FCL 534 - Peaches and nectarines
- FCL 536 - Plums
- FCL 486 - Bananas
- FCL 489 - Plantains
- FCL 577 - Dates
- FCL 569 - Figs
- FCL 574 - Pineapples
- FCL 572 - Avocados
- FCL 571 - Mangoes
- FCL 490 - Oranges
- FCL 495 - Tangerines, mandarins, clementines, satsumas
- FCL 507 - Grapefruit and pomelo
- FCL 497 - Lemons and limes
- FCL 512 - Citrus fruit nes
- FCL 560 - Grapes
- FCL 567 - Watermelons
- FCL 568 - Melons, Cantaloupes
- FCL 600 - Papayas
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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