Hong Kong SAR, China: Frozen Fruit Market 2022

Frozen Fruit Market Size in Hong Kong SAR, China

The Hong Kong frozen fruit market skyrocketed to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Fruit Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of frozen fruits were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen fruit exports surged to $X in 2021. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for frozen fruit exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, frozen fruit exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +X%.

In value terms, China ($X) emerged as the key foreign market for frozen fruit exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +X%.

Export Prices by Country

The average frozen fruit export price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%).

Frozen Fruit Imports

Imports into Hong Kong SAR, China

In 2021, the amount of frozen fruits imported into Hong Kong SAR soared to X tons, growing by X% on the previous year. In general, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, frozen fruit imports skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Philippines (X tons), China (X tons) and Thailand (X tons) were the main suppliers of frozen fruit imports to Hong Kong SAR, with a combined X% share of total imports. These countries were followed by Vietnam, France, the UK and Belgium, which together accounted for a further X 2012 to 2021, the biggest increases were in the UK (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fruit suppliers to Hong Kong SAR were Thailand ($X), the Philippines ($X) and China ($X), together comprising X% of total imports. These countries were followed by France, the UK, Belgium and Vietnam, which together accounted for a further X UK, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fruit import price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fruit import price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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