Hong Kong SAR, China: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Hong Kong SAR, China

In 2023, the Hong Kong wine of fresh grapes market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Wine of fresh grapes consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Hong Kong SAR, China

In value terms, wine of fresh grapes production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X%. Wine of fresh grapes production peaked at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Hong Kong SAR, China

Wine of fresh grapes exports from Hong Kong SAR expanded remarkably to X litres in 2023, picking up by X% compared with 2022 figures. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports skyrocketed to $X in 2023. Over the period under review, exports showed noticeable growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X litres), Macao SAR (X litres) and Vietnam (X litres) were the main destinations of wine of fresh grapes exports from Hong Kong SAR, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for wine of fresh grapes exported from Hong Kong SAR were Macao SAR ($X), China ($X) and Vietnam ($X), together comprising 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 a decline.

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per litre in 2022, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per litre), while the average price for exports to China ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Hong Kong SAR, China

In 2023, wine of fresh grapes imports into Hong Kong SAR reduced to X litres, waning by X% against 2022 figures. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X litres in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, wine of fresh grapes imports declined to $X in 2023. In general, imports saw a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Australia (X litres), France (X litres) and the United States (X litres) were the main suppliers of wine of fresh grapes imports to Hong Kong SAR, with a combined X% share of total imports. Italy, Chile, Singapore, Spain, the UK, New Zealand, China and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Australia (X% per year).

Import Prices by Country

In 2023, the average wine of fresh grapes import price amounted to $X per litre, picking up by X% against the previous year. Over the period under review, import price indicated pronounced 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, wine of fresh grapes import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per litre. From 2022 to 2023, the average import prices failed to regain momentum.

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 the UK ($X per litre), while the price for Chile ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform