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Hong Kong SAR, China - Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Vegetable Market 2024
Vegetable Market Size in Hong Kong SAR, China
The Hong Kong vegetable market rose modestly to $X in 2023, growing by X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.
Vegetable Production in Hong Kong SAR, China
In value terms, vegetable production rose markedly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a perceptible reduction. The growth pace was 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 2012; however, from 2013 to 2023, production failed to regain momentum.
In 2023, the average yield of vegetables in Hong Kong SAR fell modestly to X tons per ha, remaining stable against 2022. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the average vegetable yield reached the maximum level at X tons per ha in 2022, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The vegetable harvested area in Hong Kong SAR stood at X ha in 2023, leveling off at the previous year's figure. In general, the harvested area, however, saw 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 production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.
Vegetable Exports
Exports from Hong Kong SAR, China
In 2023, overseas shipments of vegetables decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports saw a pronounced decrease. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
In value terms, vegetable exports dropped notably to $X in 2023. Over the period under review, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.
Exports by Country
Macao SAR (X tons) was the main destination for vegetable exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, vegetable exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), sevenfold. The Philippines (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Macao SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the Philippines (X% per year).
In value terms, Macao SAR ($X) remains the key foreign market for vegetables exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Macao SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Philippines (X% per year).
Export Prices by Country
In 2023, the average vegetable export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vegetable export price increased by X% against 2020 indices. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2023, 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 Imports
Imports into Hong Kong SAR, China
In 2023, the amount of vegetables imported into Hong Kong SAR reached X tons, increasing by X% against 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.
In value terms, vegetable imports reached $X in 2023. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) was the main supplier of vegetable to Hong Kong SAR, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of volume from China was relatively modest.
In value terms, China ($X) constituted the largest supplier of vegetables to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from China stood at X%.
Import Prices by Country
The average vegetable import price stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).
Source: IndexBox Platform
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 2030.
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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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