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Hong Kong SAR, China - Beer - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Apr 28, 2023
Hong Kong Beer Prices Up 4%: $955 per Thousand Litres
Hong Kong, China Beer Import Price in January 2023
In January 2023, the beer price stood at $955 per thousand litres (CIF, Hong Kong, China), rising by 4.1% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in July 2022 an increase of 5.3% against the previous month. Over the period under review, average import prices reached the peak figure in January 2023.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Japan ($2.4 per litre), while the price for China ($667 per thousand litres) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Import Price of Beer in Hong Kong, China (USD per litre) | |||||||||||||
| Japan | 1.7 | 1.7 | 1.8 | 1.6 | 1.8 | 1.9 | 1.8 | 1.9 | 1.8 | 1.6 | 1.7 | 2.0 | 2.4 |
| Vietnam | 0.6 | 0.6 | 1.1 | 1.1 | 1.0 | 1.1 | 1.1 | 1.2 | 1.2 | 1.1 | 1.6 | 1.0 | 2.2 |
| Netherlands | 1.1 | 0.9 | 0.8 | 1.6 | 1.4 | 1.0 | 1.2 | 1.2 | 1.4 | 1.5 | 1.5 | 1.6 | 1.6 |
| Ireland | 1.3 | 1.1 | 1.2 | 1.3 | 1.2 | 1.5 | 1.2 | 1.3 | 1.2 | 1.4 | 1.4 | 1.3 | 1.3 |
| South Korea | 0.9 | 0.8 | 0.8 | 0.8 | 0.9 | 0.6 | 0.8 | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 1.3 |
| Malaysia | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.7 | 0.9 | 0.8 | 0.7 | 0.8 | 0.8 |
| China | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 |
| Average | 0.8 | 0.9 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 |
Hong Kong, China Beer Imports
In January 2023, purchases abroad of beer was finally on the rise to reach 13M litres for the first time since October 2022, thus ending a two-month declining trend. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 with an increase of 55% month-to-month. As a result, imports reached the peak of 16M litres. From August 2022 to January 2023, the growth of imports failed to regain momentum.
In value terms, beer imports surged to $12M (IndexBox estimates) in January 2023. In general, total imports indicated a mild increase from January 2022 to January 2023: its value increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +28.1% against December 2022 indices. The most prominent rate of growth was recorded in July 2022 with an increase of 63% month-to-month. As a result, imports reached the peak of $13M. From August 2022 to January 2023, the growth of imports failed to regain momentum.
Hong Kong, China Beer Imports by Country
In January 2023, China (7.5M litres) constituted the largest supplier of beer to Hong Kong, accounting for a 57% share of total imports. Moreover, beer imports from China exceeded the figures recorded by the second-largest supplier, South Korea (3.5M litres), twofold. The third position in this ranking was held by Ireland (393K litres), with a 3% share.
From January 2022 to January 2023, the average monthly growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-0.9% per month) and Ireland (+6.7% per month).
In value terms, the largest beer suppliers to Hong Kong were China ($5M), South Korea ($4.3M) and Japan ($739K), with a combined 81% share of total imports.
Japan, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the beer 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 51 - Beer of Barley
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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