Latest Report Update: Aug 12, 2021

Hong Kong SAR, China - Vegetable - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Hong Kong SAR, China: Vegetable Market Overview 2021

Webinar: Global Biomass Market - Statistics, Regulation, and Outlook

Join our live webinar to get insights into the global biomass market.

Thursday, October 14th, 2021 @ 10:00 am ET

Register Now

Vegetable Market Size in Hong Kong SAR, China

For the third year in a row, the Hong Kong vegetable market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption posted a resilient expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Vegetable consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Vegetable Production in Hong Kong SAR, China

In value terms, vegetable production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

In 2020, the average vegetable yield in Hong Kong SAR stood at X tonnes per ha, remaining constant against 2019 figures. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the yield increased by X% y-o-y. As a result, the yield reached the peak level of X tonnes per ha. from 2013 to 2020, the growth of the average vegetable yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of vegetables production in Hong Kong SAR fell modestly to X ha, approximately mirroring the year before. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2013 to 2020, the growth of the vegetable harvested area remained at a somewhat lower figure.

Vegetable Exports

Exports from Hong Kong SAR, China

In 2020, the amount of vegetables exported from Hong Kong SAR skyrocketed to X tonnes, jumping by X% against 2019 figures. Overall, exports saw a relatively flat trend pattern. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, vegetable exports soared to $X in 2020. In general, exports continue to indicate a strong increase. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tonnes), Macao SAR (X tonnes) and China (X tonnes) were the main destinations of vegetable exports from Hong Kong SAR, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable exported from Hong Kong SAR were the Philippines ($X), Macao SAR ($X) and China ($X), with a combined X% share of total exports.

The Philippines recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average vegetable export price amounted to $X per tonne, standing approx. at the previous year. In general, export price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, vegetable export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Macao SAR ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced a decline.

Vegetable Imports

Imports into Hong Kong SAR, China

In 2020, imports of vegetables into Hong Kong SAR totaled X tonnes, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, vegetable imports surged to $X in 2020. Over the period under review, imports posted a buoyant increase. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, China (X tonnes) was the main vegetable supplier to Hong Kong SAR, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of vegetable to Hong Kong SAR.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

In 2020, the average vegetable import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price posted resilient growth. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. The import price peaked in 2020 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetables in the world?
+
China (686M tonnes) constituted the country with the largest volume of vegetable consumption, accounting for 46% of total volume. Moreover, vegetable consumption in China exceeded the figures recorded by the second-largest consumer, India (181M tonnes), fourfold. The U.S. (50M tonnes) ranked third in terms of total consumption with a 3.3% share.
What are the largest producers of vegetables in the world?
+
China (693M tonnes) remains the largest vegetable producing country worldwide, comprising approx. 46% of total volume. Moreover, vegetable production in China exceeded the figures recorded by the second-largest producer, India (183M tonnes), fourfold. The third position in this ranking was occupied by the U.S. (44M tonnes), with a 3% share.
What are the leading suppliers of vegetables to Hong Kong SAR, China?
+
In value terms, China ($561M) constituted the largest supplier of vegetable to Hong Kong SAR.
What are the leading importers of vegetables from Hong Kong SAR, China?
+
In value terms, the Philippines ($4.5M), Macao SAR ($3.5M) and China ($934K) constituted the largest markets for vegetable exported from Hong Kong SAR worldwide, together comprising 98% of total exports.
What is the average export price for vegetables in Hong Kong SAR, China?
+
The average vegetable export price stood at $1,291 per tonne in 2020, remaining relatively unchanged against the previous year.
What is the average import price for vegetables in Hong Kong SAR, China?
+
The average vegetable import price stood at $762 per tonne in 2020, increasing by 11% against the previous year.

Product coverage:
• FCL 116 - Potatoes
• FCL 388 - Tomatoes, fresh
• FCL 402 - Onions, shallots (green)
• FCL 403 - Onions, dry
• FCL 406 - Garlic
• FCL 407 - Leeks and other alliaceous vegetables
• FCL 393 - Cauliflowers and broccoli
• FCL 372 - Lettuce and chicory
• FCL 426 - Carrot
• FCL 397 - Cucumbers and gherkins
• FCL 417 - Peas, green
• FCL 414 - Beans, green
• FCL 423 - String Beans
• FCL 367 - Asparagus
• FCL 399 - Eggplants
• FCL 401 - Chillies and peppers (green)
• FCL 373 - Spinach
• FCL 260 - Olives
• FCL 394 - Pumpkins, squash and gourds
• FCL 463 - Vegetables, Fresh n.e.s.
• FCL 446 - Green Corn (Maize)
• FCL 430 - Okra
• FCL 394 - Pumpkins, squash and gourds
• FCL 378 - Cassava leaves
• FCL 366 - Artichokes
• FCL 260 - Olives
• FCL 358 - Cabbages
• FCL 449 - Mushrooms
• FCL 366 - Artichokes

This report provides an in-depth analysis of the vegetable 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Biomass Market - Statistics, Regulation, and Outlook



Join our live webinar to get insights into the global biomass market.



Thursday, October 14th, 2021 @ 10:00 am ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, October 21st, 2021 @ 10:00 am ET


Register

Webinar: Global Soybean Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global soybean market.



Thursday, October 28th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data