Hong Kong SAR, China: Market for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes 2024

Market Size for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong market for citrus fruit jams, marmalades, jellies, purees or pastes, when its value decreased by X% to $X. In general, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Production of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Hong Kong SAR, China

In value terms, citrus fruit jams and marmalades production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Exports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Exports from Hong Kong SAR, China

After two years of growth, shipments abroad of citrus fruit jams, marmalades, jellies, purees or pastes decreased by X% to X tons in 2022. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, citrus fruit jams and marmalades exports dropped rapidly to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for citrus fruit jams and marmalades exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR totaled X%.

In value terms, Macao SAR ($X) emerged as the key foreign market for citrus fruit jams, marmalades, jellies, purees or pastes exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to X%.

Export Prices by Country

In 2022, the average export price for citrus fruit jams, marmalades, jellies, purees or pastes amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell significantly in the following year.

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 Vietnam amounted to X% per year.

Imports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Imports into Hong Kong SAR, China

In 2022, overseas purchases of citrus fruit jams, marmalades, jellies, purees or pastes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, citrus fruit jams and marmalades imports shrank notably to $X in 2022. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), France (X tons) and Singapore (X tons) were the main suppliers of citrus fruit jams and marmalades imports to Hong Kong SAR, with a combined X% share of total imports. Taiwan (Chinese), the United States, South Korea and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), France ($X) and Taiwan (Chinese) ($X) constituted the largest citrus fruit jams and marmalades suppliers to Hong Kong SAR, with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for citrus fruit jams, marmalades, jellies, purees or pastes amounted to $X per ton, declining by X% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform