Hong Kong SAR, China: Papaya Market 2022

Papaya Market Size in Hong Kong SAR, China

In 2021, the Hong Kong papaya market decreased by -X% to $X, falling for the seventh consecutive year after three years of growth. In general, consumption, however, recorded a mild descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Papaya Exports

Exports from Hong Kong SAR, China

In 2021, papaya exports from Hong Kong SAR shrank to X tonnes, dropping by -X% on the previous year. Overall, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, papaya exports reduced rapidly to $X in 2021. In general, exports saw a precipitous curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tonnes) was the main destination for papaya exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR stood at -X%.

In value terms, Macao SAR ($X) also remains the key foreign market for papaya exports from Hong Kong SAR.

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

Export Prices by Country

The average papaya export price stood at $X per tonne in 2021, which is down by -X% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2020, and then declined 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 2021, the rate of growth in terms of prices for Macao SAR amounted to +X% per year.

Papaya Imports

Imports into Hong Kong SAR, China

After five years of decline, overseas purchases of papayas increased by X% to X tonnes in 2021. Overall, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, papaya imports contracted to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tonnes), the Philippines (X tonnes) and the United States (X tonnes) were the main suppliers of papaya imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of papaya to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2021, the average papaya import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne, and then reduced sharply in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while the price for the Philippines ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform