Legume bran, sharps and residues market in Hong Kong

Earlier Report Observations

The market for legume bran, sharps and residues in Hong Kong expanded dramatically between 2018 and 2023, with its volume rising from 2,667 metric tons to 10,239 metric tons. This represents a near fourfold increase over the six-year period, marking a significant scaling up of the market.

Growth accelerated markedly after 2019, with the market volume more than doubling by 2022 and continuing its sharp ascent into 2023. This sustained expansion was overwhelmingly supported by import flows, which rose from 2,371 metric tons in 2018 to 9,996 metric tons in 2023, becoming the primary source of supply for the local market.

Domestic production levels remained consistent at approximately 300 metric tons annually throughout the period, while export volumes were negligible. This structure underscores that the Hong Kong market is fundamentally import-dependent, with foreign sources meeting the bulk of the growing consumption.

Production legume bran, sharps and residues in Hong Kong

In kind, 2017-2020, t

Top producers of legume bran, sharps and residues, 2017-2020

World map of production of legume bran, sharps and residues, 2017-2020

Hong Kong's production of legume bran, sharps, and residues has grown for the third year in a row. In 2020, the output reached 364.3 tons, marking a 9.4% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 24.8%, which translates to an average annual growth rate of 7.7%.

Annual dynamics of production in Hong Kong in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the value of legume bran, sharps, and residues produced in Hong Kong was 569.3 thousand US dollars, showing a sharp rise of 27.4% compared to 2019. Over the 2017-2020 period, production value increased by 23.2%, averaging 7.2% per year. The lowest value was recorded in 2019 at 446.8 thousand US dollars, which also saw the largest decline of 13.4%.

Annual dynamics of production in Hong Kong in value, 2017-2020, K $ US

Exports legume bran, sharps and residues from Hong Kong

Exports in kind, t

The export market showed significant volatility during these years. Exports dropped to a low of 33 tons in 2018, then surged to a peak of 87 tons in 2019, resulting in a 2.6-fold variation between these two years. In 2020, exports from Hong Kong totaled 75 tons, representing a notable decrease of 14.2% year-over-year. The largest decline occurred in 2018 at 38.7%, while the largest increase was in 2019 at 164.4%.

Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, t

From 2017 to 2020, Macao and China were the primary destinations for Hong Kong's exports in kind, together accounting for 91.3% of total flows, with the remaining share distributed among other markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Hong Kong in kind, 2017-2020

Exports in value, K $ US

Market performance exhibited noticeable fluctuations over this period. Exports in value terms peaked at 117 thousand US dollars in 2019 and fell to a low of 52 thousand US dollars in 2018, creating a 2.3-fold difference. In 2020, exports remained broadly stable at 117 thousand US dollars compared to the previous year. The largest decline was recorded in 2018 at 39.2%, while the largest increase occurred in 2019 at 126.2%.

Annual dynamics of product's exports from Hong Kong in value, 2017-2020, K $ US

During 2017-2020, Hong Kong's export structure in value terms was heavily concentrated on Macao, which held a 73.1% share of total flows, with other partners making up the remainder.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Hong Kong in value, 2017-2020

Imports legume bran, sharps and residues to Hong Kong

Imports in kind, t

Hong Kong's imports of legume bran, sharps, and residues have increased for the third consecutive year. In 2020, import volume reached 3 645 tons, up 49.4% from the previous year. From 2017 to 2020, imports grew by 213.7%, equivalent to an average annual rate of 46.4%.

Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, t

Between 2017 and 2020, China and Japan together accounted for 98.1% of Hong Kong's total imports in kind of legume bran, sharps, and residues, with the rest spread across smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Hong Kong in kind, 2017-2020

Imports in value, K $ US

The data shows irregular changes, reflecting a volatile market environment. Imports in value terms peaked in 2020 at 3 012 thousand US dollars, up 36.8% from the previous year, and varied by 2.2-fold from the low in 2017. The largest decline was in 2019 at 9.9%, while the largest increase occurred in 2018 at 82.0%.

Annual dynamics of product's imports to Hong Kong in value, 2017-2020, K $ US

From 2017 to 2020, two markets—China and Japan—dominated Hong Kong's imports in value terms, jointly representing 98.2% of total flows, with the rest allocated to other destinations.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Hong Kong in value, 2017-2020