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Hong Kong SAR, China - Egg Products - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Feb 29, 2024

Imports of Egg Products Increase to $1.1M in Hong Kong in November 2023

Hong Kong Egg Product Imports

Egg product imports into Hong Kong skyrocketed to 348 tons in November 2023, rising by 45% on the month before. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 90% against the previous month. Over the period under review, imports reached the peak figure in November 2023.

In value terms, egg product imports expanded to $1.1M (IndexBox estimates) in November 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 60% month-to-month. Hong Kong Egg Product Imports By Country (Thousand USD)

COUNTRY	Import Value of Egg Product in Hong Kong (thousand USD)
COUNTRY	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023
China	356	315	88.6	125	441	282	597	824	691	859	449	525	652
Japan	318	124	99.7	109	151	113	175	201	166	298	226	249	201
Australia	43.8	330	118	125	91.2	134	95.3	94.9	131	95.8	85.7	64.3	143
Malaysia	64.6	109	37.3	68.2	60.2	65.7	79.8	56.1	104	98.6	108	68.4	65.6
Belgium	213	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	38.9
Denmark	126	N/A	35.4	N/A	N/A	15.6	21.5	147	92.5	84.4	N/A	74.8	N/A
Others	30.1	22.4	53.8	62.4	38.9	115	2.3	17.4	47.2	9.7	43.2	104	28.0
Total	1,152	901	432	489	783	725	971	1,340	1,232	1,446	911	1,085	1,128

Imports by Country

In November 2023, China (224 tons) constituted the largest egg product supplier to Hong Kong, with a 64% share of total imports. Moreover, egg product imports from China exceeded the figures recorded by the second-largest supplier, Australia (44 tons), fivefold. The third position in this ranking was held by Japan (44 tons), with a 13% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of volume from China stood at +7.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (+8.2% per month) and Japan (-5.6% per month).

In value terms, China ($652K) constituted the largest supplier of egg product to Hong Kong, comprising 58% of total imports. The second position in the ranking was held by Japan ($201K), with an 18% share of total imports. It was followed by Australia, with a 13% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of value from China stood at +5.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-3.8% per month) and Australia (+10.3% per month).

Import Prices by Country

In November 2023, the egg product price stood at $3,238 per ton (CIF, Hong Kong), dropping by -28.4% against the previous month. In general, the import price recorded a slight slump. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 23% m-o-m. Over the period under review, average import prices reached the peak figure at $5,668 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($4,600 per ton), while the price for China ($2,913 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the egg product 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:

Prodcom 10891230 - Egg products, fresh, dried, cooked by steaming or by boiling in water, moulded, frozen or otherwise preserved (excluding albumin, in the shell)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Hong Kong SAR, China - Egg Products - Market Analysis, Forecast, Size, Trends And Insights

Imports of Egg Products Increase to $1.1M in Hong Kong in November 2023

Hong Kong Egg Product Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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