Hong Kong SAR, China - Garlic - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGarlic Price in Hong Kong SAR - 2023
Contents:
- Garlic Price in Hong Kong SAR (CIF) - 2022
- Garlic Price in Hong Kong SAR (FOB) - 2022
- Garlic Imports in Hong Kong SAR
- Garlic Exports in Hong Kong SAR
Garlic Price in Hong Kong SAR (CIF) - 2022
The average garlic import price stood at $2,839 per ton in 2022, growing by 9.2% against the previous year. Overall, the import price showed a buoyant expansion. The growth pace was the most rapid in 2015 an increase of 180%. As a result, import price reached the peak level of $4,348 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($10,328 per ton), while the price for China ($2,468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Garlic Price in Hong Kong SAR (FOB) - 2022
The average garlic export price stood at $1,462 per ton in 2022, jumping by 81% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $1,496 per ton in 2018; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +15.9% per year.
Garlic Imports in Hong Kong SAR
In 2022, imports of garlic into Hong Kong SAR soared to 109 tons, jumping by 26% compared with the year before. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, garlic imports soared to $310K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Garlic in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 83.3 | 149 | 167 | 255 | 45.2% |
Japan | 52.6 | 39.2 | 42.5 | 35.3 | -12.4% |
United Kingdom | 16.1 | 21.6 | 14.7 | 19.4 | 6.4% |
Others | 5.4 | N/A | 0.6 | N/A | -66.7% |
Total | 157 | 210 | 225 | 310 | 25.5% |
Top Suppliers of Garlic to Hong Kong SAR in 2022:
- China (103.4 tons)
- Japan (3.9 tons)
- United Kingdom (1.9 tons)
Garlic Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of garlic, which decreased by -98.6% to 468 kg in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -32.7% was in 2020.
In value terms, garlic exports reduced sharply to $684 in 2022. In general, exports faced a dramatic downturn. The smallest decline of -42.3% was in 2020.
Export of Garlic in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 135 | 78.5 | 6.6 | 0.7 | -82.7% |
Thailand | N/A | N/A | 19.6 | N/A | 0% |
Others | 0.8 | N/A | N/A | N/A | 0% |
Total | 136 | 78.5 | 26.2 | 0.7 | -82.7% |
Top Export Markets for Garlic from Hong Kong SAR in 2022:
- Macao SAR (468.0 kg)
This report provides an in-depth analysis of the garlic 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 406 - Garlic
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the garlic market in Hong Kong SAR, China.
This report provides an in-depth analysis of the onion and shallot market in Hong Kong SAR, China.
This report provides an in-depth analysis of the leek market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global garlic market.
This report provides an in-depth analysis of the global onion and shallot market.
This report provides an in-depth analysis of the global leek market.
This report provides an in-depth analysis of the garlic market in Hong Kong SAR, China.
This report provides an in-depth analysis of the onion and shallot market in Hong Kong SAR, China.
This report provides an in-depth analysis of the leek market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global garlic market.
In May 2023, the price of Dry Onion reached $1,165 per ton (CIF, Hong Kong), marking a 23% increase compared to the previous month.
Explore the top import markets for garlic in the world and the countries with the highest import values for this aromatic ingredient. Learn about the demand, trends, and key statistics.
Global garlic imports rose by 13% to 2.5M tons in 2020, boosted by the increased popularity of home cooking and a widespread reputation that the product helps to strengthen immunity. Indonesia remains the largest global importer, followed by Vietnam and Malaysia. China dominates global garlic exports, supplying 89% of the total volume. Chinese manufacturers managed to ramp up exports which led to a drop in prices.
The global garlic consumption stood at $X in 2016, which was +X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
Global garlic consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global garlic exports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global garlic imports amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
In 2015, the country with the largest volume of the garlic output was China (X thousand tons), accounting for X% of global production.
Garlic is closely related to onions, shallots, chives and leeks. It is one of the oldest known horticultural crops, and is an essential ingredient in almost every cuisine around the globe. Its health properties are undeniable. While its antimicrobial c
China dominates in the global garlic trade. In 2014, China exported X million tons of garlic totaling X million USD, X% over the previous year. Its primary trading partner was Indonesia, where it supplied X% of its total garlic exports in va