Hong Kong SAR, China: Lemon And Lime Market 2024

Lemon And Lime Market Size in Hong Kong SAR, China

The Hong Kong lemon and lime market contracted significantly to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate 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 decreased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Lemon And Lime Exports

Exports from Hong Kong SAR, China

Lemon and lime exports from Hong Kong SAR dropped rapidly to X tons in 2022, reducing by X% on the year before. Overall, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lemon and lime exports fell sharply to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for lemon and lime exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, lemon and lime exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and the Philippines (X% per year).

In value terms, China ($X) remains the key foreign market for lemons and limes exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average lemon and lime export price amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to China ($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.

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Lemon And Lime Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of lemons and limes were imported into Hong Kong SAR; with a decrease of X% compared with 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, lemon and lime imports dropped notably to $X in 2022. Over the period under review, imports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest lemon and lime supplier to Hong Kong SAR, with a X% share of total imports. Moreover, lemon and lime imports from South Africa exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, South Africa ($X) constituted the largest supplier of lemons and limes to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Egypt (X% per year).

Import Prices by Country

The average lemon and lime import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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