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Hong Kong SAR, China - Preserved Asparagus - Market Analysis, Forecast, Size, Trends And Insights
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Hong Kong SAR, China: Preserved Asparagus Market Overview 2021

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Preserved Asparagus Market Size in Hong Kong SAR, China

In 2020, the Hong Kong preserved asparagus market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Preserved asparagus consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Preserved Asparagus Production in Hong Kong SAR, China

In value terms, preserved asparagus production shrank to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Preserved asparagus production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Preserved Asparagus Exports

Exports from Hong Kong SAR, China

In 2020, shipments abroad of preserved asparagus decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved asparagus exports declined remarkably to $X in 2020. Overall, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Macao SAR stood at -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Macao SAR totaled -X%.

Export Prices by Country

In 2020, the average preserved asparagus export price amounted to $X per tonne, rising by X% against the previous year. Overall, export price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved asparagus export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to +X% per year.

Preserved Asparagus Imports

Imports into Hong Kong SAR, China

In 2020, purchases abroad of preserved asparagus was finally on the rise to reach X tonnes for the first time since 2015, thus ending a four-year declining trend. Over the period under review, imports posted pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved asparagus imports soared to $X in 2020. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of preserved asparagus to Hong Kong SAR, accounting for a X% share of total imports. Moreover, preserved asparagus imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of preserved asparagus to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2020, the average preserved asparagus import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum in 2020 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in the world?
+
The countries with the highest volumes of preserved asparagus consumption in 2020 were Spain (38K tonnes), China (28K tonnes) and Germany (18K tonnes), with a combined 39% share of global consumption. These countries were followed by France, India, the U.S., Japan, Brazil, Denmark, Russia, Indonesia and Bangladesh, which together accounted for a further 27%.
What are the largest producers of preserved asparagus in the world?
+
The country with the largest volume of preserved asparagus production was China (78K tonnes), comprising approx. 36% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (36K tonnes), twofold. The third position in this ranking was occupied by India (11K tonnes), with a 4.9% share.
What are the leading suppliers of preserved asparagus to Hong Kong SAR, China?
+
In value terms, China ($165K) constituted the largest supplier of preserved asparagus to Hong Kong SAR, comprising 73% of total imports. The second position in the ranking was occupied by the UK ($40K), with a 17% share of total imports.
What are the leading importers of preserved asparagus from Hong Kong SAR, China?
+
In value terms, Macao SAR ($187) remains the key foreign market for preserved asparagus exports from Hong Kong SAR.
What is the average export price for preserved asparagus in Hong Kong SAR, China?
+
In 2020, the average preserved asparagus export price amounted to $5,194 per tonne, jumping by 33% against the previous year.
What is the average import price for preserved asparagus in Hong Kong SAR, China?
+
In 2020, the average preserved asparagus import price amounted to $4,455 per tonne, surging by 20% against the previous year.

Product coverage:
• Prodcom 10391760 - Preserved asparagus (excluding prepared vegetable dishes and asparagus dried, frozen or preserved by vinegar or acetic acid)

This report provides an in-depth analysis of the preserved asparagus 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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