Hong Kong SAR, China: Fruit And Berry Market 2024

Fruit And Berry Market Size in Hong Kong SAR, China

After four years of growth, the Hong Kong fruit and berry market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Fruit And Berry Production in Hong Kong SAR, China

In value terms, fruit and berry production surged to $X in 2022 estimated in export price. In general, production recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average fruit and berry yield in Hong Kong SAR soared to X tons per ha, picking up by X% on the previous year's figure. In general, the yield enjoyed significant growth. The pace of growth was the most pronounced in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average fruit and berry yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of fruits and berries production in Hong Kong SAR reduced slightly to X ha, approximately equating the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. The fruit and berry harvested area peaked at X ha in 2021, and then contracted modestly in the following year.

Fruit And Berry Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of fruits and berries decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit and berry exports reduced to $X in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

China (X tons) was the main destination for fruit and berry exports from Hong Kong SAR, with a X% share of total exports. It was followed by Macao SAR (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%.

Export Prices by Country

The average fruit and berry export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw a strong increase. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Fruit And Berry Imports

Imports into Hong Kong SAR, China

Fruit and berry imports into Hong Kong SAR reduced sharply to X tons in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fruit and berry imports reduced dramatically to $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Chile (X tons), China (X tons) and Thailand (X tons) were the main suppliers of fruit and berry imports to Hong Kong SAR, with a combined X% share of total imports. South Africa, Peru, the United States, Australia, Vietnam, the Philippines and New Zealand 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 Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of fruits and berries to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the average fruit and berry import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, 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 Platform

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