Hong Kong SAR, China: Pulses Market 2024

Pulses Market Size in Hong Kong SAR, China

The Hong Kong pulses market expanded markedly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained 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 totaled $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with a decrease of X% against the previous year. Pulses production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of pulses in Hong Kong SAR stood at less than X kg per ha in 2022, approximately equating the previous year. In general, the yield continues to indicate 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, therefore, remained relatively stable against 2021 figures. Overall, the harvested area saw a relatively flat trend pattern.

Pulses Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of pulses increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, pulses exports amounted to $X in 2022. In general, exports, however, recorded a drastic downturn. 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 remained at a lower figure.

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), with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the average pulses export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, 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, imports of pulses into Hong Kong SAR dropped to X tons, therefore, remained relatively stable against the previous year. In general, imports showed a mild reduction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pulses imports rose sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat 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. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate 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 ($X) constituted the largest supplier of pulses to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($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 growth rate of value from China amounted to 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

In 2022, the average pulses import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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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