Hong Kong SAR, China - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong Milk Price Jumps to $1,182/Ton
Hong Kong, China Whole Fresh Milk Import Price in January 2023
In January 2023, the whole fresh milk price stood at $1,182 per ton (CIF, Hong Kong, China), remaining constant against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2022 an increase of 7.2% month-to-month. The import price peaked at $1,226 per ton in August 2022; afterwards, it flattened through to 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 ($2,021 per ton), while the price for Belgium ($528 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.4%), 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 Whole Fresh Milk in Hong Kong, China (USD per ton) | |||||||||||||
| Japan | 2085.0 | 2132.0 | 2042.0 | 2023.0 | 2071.0 | 1971.0 | 2032.0 | 2027.0 | 1872.0 | 1828.0 | 1823.0 | 1953.0 | 2021.0 |
| Australia | 1124.0 | 1343.0 | 1177.0 | 1534.0 | 1395.0 | 1371.0 | 1230.0 | 1240.0 | 1335.0 | 1361.0 | 1430.0 | 1537.0 | 1490.0 |
| Thailand | 1296.0 | 1317.0 | 1346.0 | 1344.0 | 1311.0 | 1321.0 | 1316.0 | 1316.0 | 1298.0 | 1320.0 | 1315.0 | 1322.0 | 1341.0 |
| Germany | 765.0 | 839.0 | 995.0 | 926.0 | 1127.0 | 1010.0 | 1622.0 | 1989.0 | 869.0 | 1503.0 | 1224.0 | 1079.0 | 1006.0 |
| China | 948.0 | 971.0 | 1006.0 | 983.0 | 990.0 | 1002.0 | 956.0 | 957.0 | 931.0 | 961.0 | 950.0 | 954.0 | 944.0 |
| Vietnam | 878.0 | 900.0 | 912.0 | 876.0 | 938.0 | 877.0 | 886.0 | 766.0 | 933.0 | 908.0 | 909.0 | 861.0 | 927.0 |
| New Zealand | 954.0 | N/A | 1033.0 | 828.0 | 818.0 | 919.0 | 1023.0 | 891.0 | 964.0 | 918.0 | 972.0 | 863.0 | 895.0 |
| France | 738.0 | 763.0 | 780.0 | 786.0 | 779.0 | 808.0 | 671.0 | 777.0 | 786.0 | 832.0 | 816.0 | 877.0 | 890.0 |
| Belgium | 529.0 | 612.0 | 527.0 | 622.0 | 543.0 | 583.0 | 555.0 | 1124.0 | 978.0 | 526.0 | 578.0 | 735.0 | 528.0 |
| Average | 1074.0 | 1152.0 | 1172.0 | 1167.0 | 1172.0 | 1198.0 | 1151.0 | 1226.0 | 1153.0 | 1143.0 | 1179.0 | 1176.0 | 1182.0 |
Hong Kong, China Whole Fresh Milk Imports
In January 2023, whole fresh milk imports into Hong Kong reduced to 7.4K tons, falling by -5.4% compared with December 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when imports increased by 30% month-to-month.
In value terms, whole fresh milk imports declined to $8.7M (IndexBox estimates) in January 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 33% month-to-month.
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Hong Kong, China Whole Fresh Milk Imports by Country
China (2K tons), Thailand (1.8K tons) and Australia (1K tons) were the main suppliers of whole fresh milk imports to Hong Kong, with a combined 66% share of total imports. These countries were followed by Vietnam, Japan, France, New Zealand, Belgium and Germany, which together accounted for a further 28%.
From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Thailand ($2.4M), China ($1.9M) and Australia ($1.5M) appeared to be the largest whole fresh milk suppliers to Hong Kong, with a combined 67% share of total imports. These countries were followed by Japan, Vietnam, France, New Zealand, Germany and Belgium, which together accounted for a further 27%.
New Zealand, with a CAGR of +13.2%, recorded the highest growth rate of 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.
This report provides an in-depth analysis of the whole fresh milk 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 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
