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Hong Kong SAR, China - Roasted Coffee - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Mar 10, 2024

Hong Kongs Imported Coffee Hit a Low of $3.9M in October 2023

Hong Kong Roasted Coffee Imports

After two months of growth, purchases abroad of roasted coffee decreased by -12.9% to 314 tons in October 2023. In general, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in March 2023 with an increase of 37% month-to-month.

In value terms, roasted coffee imports dropped to $3.9M (IndexBox estimates) in October 2023. Overall, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in March 2023 when imports increased by 117% m-o-m. As a result, imports reached the peak of $5.5M. From April 2023 to October 2023, the growth of imports remained at a lower figure. Hong Kong Roasted Coffee Imports By Country (Thousand USD)

COUNTRY	Import Value of Roasted Coffee in Hong Kong (thousand USD)
COUNTRY	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023
Belgium	2,052	898	833	1,713	652	2,832	1,163	876	971	1,131	792	1,481	1,010
China	256	335	248	391	319	371	588	434	464	182	466	383	608
Malaysia	367	324	344	475	229	222	242	527	371	369	345	391	426
Japan	247	358	218	269	198	267	155	151	370	257	314	308	392
Italy	397	351	533	679	306	441	480	852	798	464	341	627	391
Singapore	255	157	236	247	194	163	132	153	252	214	235	251	329
Macao	77.0	93.1	109	87.5	74.3	106	126	93.6	133	92.4	111	116	82.2
Others	1,514	960	502	531	556	1,092	801	939	801	806	1,031	827	626
Total	5,167	3,478	3,022	4,393	2,527	5,493	3,687	4,025	4,159	3,515	3,636	4,385	3,863

Imports by Country

In October 2023, China (78 tons) constituted the largest roasted coffee supplier to Hong Kong, with a 25% share of total imports. Moreover, roasted coffee imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (36 tons), twofold. The third position in this ranking was taken by Singapore (31 tons), with a 10% share.

From October 2022 to October 2023, the average monthly growth rate of volume from China totaled +5.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.7% per month) and Singapore (-0.9% per month).

In value terms, the largest roasted coffee suppliers to Hong Kong were Belgium ($1M), China ($608K) and Malaysia ($426K), with a combined 53% share of total imports.

In terms of the main suppliers, China, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In October 2023, roasted coffee (not decaffeinated) (297 tons) was the main type of roasted coffee supplied to Hong Kong, accounting for a 95% share of total imports. Moreover, roasted coffee (not decaffeinated) exceeded the figures recorded for the second-largest type, roasted decaffeinated coffee (17 tons), more than tenfold.

From October 2022 to October 2023, the average monthly growth rate of the volume of import of roasted coffee (not decaffeinated) was relatively modest.

In value terms, roasted coffee (not decaffeinated) ($3.8M) constituted the largest type of roasted coffee supplied to Hong Kong, comprising 97% of total imports. The second position in the ranking was taken by roasted decaffeinated coffee ($107K), with a 2.8% share of total imports.

Import Prices by Country

In October 2023, the roasted coffee price stood at $12,303 per ton (CIF, Hong Kong), flattening at the previous month. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in March 2023 an increase of 59% m-o-m. As a result, import price attained the peak level of $16,192 per ton. From April 2023 to October 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($33,418 per ton), while the price for Macao ($4,485 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+4.7%), 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 roasted coffee 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 10831150 - Roasted coffee, not decaffeinated
Prodcom 10831170 - Roasted decaffeinated coffee

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 - Roasted Coffee - Market Analysis, Forecast, Size, Trends And Insights

Hong Kongs Imported Coffee Hit a Low of $3.9M in October 2023

Hong Kong Roasted Coffee Imports

Imports by Country

Imports by Type

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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