Hong Kong SAR, China: Pulses Market 2023

Pulses Market Size in Hong Kong SAR, China

The Hong Kong pulses market was estimated at $X in 2022, increasing by X% against the previous year. 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 reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Pulses Production in Hong Kong SAR, China

In value terms, pulses production stood at $X in 2022 estimated in export price. In general, production faced a precipitous decline. The pace of growth was the most pronounced in 2014 with a decrease of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average yield of pulses in Hong Kong SAR was estimated at less than X kg per ha, leveling off at the year before. Over the period under review, the yield showed a relatively flat trend pattern. 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 pulses production in Hong Kong SAR stood at less than X ha, approximately reflecting the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Pulses Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of pulses was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, pulses exports reached $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main destinations of pulses exports from Hong Kong SAR, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for pulses exported from Hong Kong SAR were Macao SAR ($X), the United States ($X) and Canada ($X), together accounting for X% of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of pulses were imported into Hong Kong SAR; almost unchanged from 2021. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, pulses imports rose significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pulses to Hong Kong SAR, accounting for a X% share of total imports. Moreover, pulses imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Australia (X% per year).

In value terms, China ($X) constituted the largest supplier of pulses to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and the United States (X% per year).

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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