Hong Kong SAR, China - Mushrooms And Truffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMushroom and Truffle Price in Hong Kong SAR - 2023
Contents:
- Mushroom and Truffle Price in Hong Kong SAR (CIF) - 2023
- Mushroom and Truffle Price in Hong Kong SAR (FOB) - 2022
- Mushroom and Truffle Imports in Hong Kong SAR
- Mushroom and Truffle Exports in Hong Kong SAR
Mushroom and Truffle Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average mushroom and truffle import price amounted to $1,443 per ton, reducing by -6.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 35% against the previous month. Over the period under review, average import prices reached the peak figure at $2,158 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($3,766 per ton), while the price for China ($842 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Mushroom and Truffle Price in Hong Kong SAR (FOB) - 2022
The average mushroom and truffle export price stood at $23,250 per ton in 2022, surging by 52% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 118% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 China amounted to +10.7% per year.
Mushroom and Truffle Imports in Hong Kong SAR
In 2022, the amount of mushrooms and truffles imported into Hong Kong SAR rose sharply to 9.1K tons, growing by 6.1% against the previous year. In general, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 15%.
In value terms, mushroom and truffle imports declined to $15M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, imports attained the peak of $17M, and then contracted in the following year.
| Import of Mushroom and Truffle in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 4.2 | 5.6 | 4.6 | -4.6% |
| South Korea | 1.7 | 3.0 | 3.5 | 3.2 | 23.5% |
| Japan | 1.8 | 2.6 | 2.8 | 2.9 | 17.2% |
| Taiwan (Chinese) | 1.4 | 1.7 | 1.6 | 1.6 | 4.6% |
| Netherlands | 0.8 | 0.8 | 0.8 | 0.7 | -4.4% |
| Others | 3.5 | 2.9 | 2.7 | 2.6 | -9.4% |
| Total | 14.5 | 15.2 | 17.0 | 15.5 | 2.2% |
Top Suppliers of Mushroom and Truffle to Hong Kong SAR in 2022:
- China (6.3K tons)
- South Korea (1.4K tons)
- Japan (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
- Netherlands (0.2K tons)
Mushroom and Truffle Exports in Hong Kong SAR
In 2022, shipments abroad of mushrooms and truffles decreased by -41.5% to 24 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year.
In value terms, mushroom and truffle exports reduced to $569K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 95%.
| Export of Mushroom and Truffle in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 156 | 435 | 597 | 569 | 53.9% |
| China | N/A | N/A | 43.5 | N/A | 0% |
| United Kingdom | 16.9 | 1.0 | N/A | N/A | -94.1% |
| Others | 50.7 | N/A | N/A | N/A | 0% |
| Total | 224 | 436 | 641 | 569 | 36.4% |
Top Export Markets for Mushroom and Truffle from Hong Kong SAR in 2022:
- Macao SAR (24.5 tons)
This report provides an in-depth analysis of the mushroom and truffle 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 449 - 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
-
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
490
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From September 2023 to November 2023, the growth of imports remained at a lower figure. In value terms, Mushroom And Truffle imports fell to $1.4M in November 2023.
477
In March 2023, the mushroom and truffle price stood at $1,661 per ton (CIF, Hong Kong), rising by 9.6% against the previous month.
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In value terms, prepared mushrooms and truffles exports amounted to $X in 2016. Overall, prepared mushrooms and truffles exports continue to indicate a relatively flat trend pattern. Over the perio...
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