Hong Kong SAR, China: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Hong Kong SAR, China

The Hong Kong tapioca and substitutes market soared to $X in 2023, rising 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, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the immediate term.

Tapioca And Substitutes Exports

Exports from Hong Kong SAR, China

In 2023, the amount of tapioca and substitutes exported from Hong Kong SAR rose significantly to X tons, increasing by X% against the previous year. In general, exports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, tapioca and substitutes exports declined slightly to $X in 2023. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for tapioca and substitutes exports from Hong Kong SAR, with a X% share of total exports. Moreover, tapioca and substitutes exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), twofold. The United States (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 China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and the United States (X% per year).

In value terms, the largest markets for tapioca and substitutes exported from Hong Kong SAR were Macao SAR ($X), China ($X) and the United States ($X), together accounting for X% of total exports.

Macao SAR, with a CAGR of X%, saw the highest growth rate of 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 2023, the average tapioca and substitutes export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to the UK ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Hong Kong SAR, China

In 2023, imports of tapioca and substitutes into Hong Kong SAR soared to X tons, picking up by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports surged to $X in 2023. Overall, total imports indicated buoyant growth 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main suppliers of tapioca and substitutes imports to Hong Kong SAR, with a combined X% share of total imports. Indonesia lagged somewhat behind, accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes suppliers to Hong Kong SAR were China ($X), Taiwan (Chinese) ($X) and Thailand ($X), with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average tapioca and substitutes import price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform