Hong Kong SAR, China: Vegetable And Melon Market 2024

Vegetable And Melon Market Size in Hong Kong SAR, China

In 2022, the Hong Kong vegetable and melon market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Vegetable and melon consumption peaked at $X in 2021, and then shrank in the following year.

Vegetable And Melon Production in Hong Kong SAR, China

In value terms, vegetable and melon production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of vegetables and melons in Hong Kong SAR amounted to X tons per ha in 2022, therefore, remained relatively stable against the previous year's figure. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The vegetable and melon yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vegetable and melon harvested area in Hong Kong SAR dropped modestly to X ha in 2022, stabilizing at 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to vegetable and melon production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Vegetable And Melon Exports

Exports from Hong Kong SAR, China

In 2022, vegetable and melon exports from Hong Kong SAR fell significantly to X tons, which is down by X% against the previous year. Overall, exports, however, showed a perceptible increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, vegetable and melon exports declined markedly to $X in 2022. In general, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Macao SAR (X tons), the Philippines (X tons) and China (X tons) were the main destinations of vegetable and melon exports from Hong Kong SAR, together comprising X% of total exports. Malaysia, Vietnam and the United States lagged somewhat behind, together accounting for a further X%.

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 more modest paces of growth.

In value terms, Macao SAR ($X) emerged as the key foreign market for vegetables and melons exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Macao SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the United States (X% per year).

Export Prices by Country

The average vegetable and melon export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable And Melon Imports

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in supplies from abroad of vegetables and melons, when their volume decreased by X% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, vegetable and melon imports contracted to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of vegetable and melon to Hong Kong SAR, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of vegetables and melons to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average vegetable and melon import price amounted to $X per ton, growing by X% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 the United States ($X per ton), while the price for China amounted to $X per ton.

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

Source: IndexBox Platform

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