Hong Kong SAR, China - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Hong Kong SAR - 2023
Contents:
- Breakfast Cereal Price in Hong Kong SAR (CIF) - 2023
- Breakfast Cereal Price in Hong Kong SAR (FOB) - 2023
- Breakfast Cereal Imports in Hong Kong SAR
- Breakfast Cereal Exports in Hong Kong SAR
Breakfast Cereal Price in Hong Kong SAR (CIF) - 2023
The average breakfast cereal import price stood at $4,204 per ton in September 2023, with an increase of 8.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 19% month-to-month. The import price peaked at $4,604 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($6,897 per ton), while the price for the Philippines ($2,053 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average breakfast cereal export price amounted to $4,553 per ton, picking up by 5.4% against the previous month. Over the period under review, export price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, breakfast cereal export price decreased by -14.5% against May 2023 indices. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 25% m-o-m. The export price peaked at $5,327 per ton in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Taiwan (Chinese) ($5,552 per ton), while the average price for exports to Canada ($3,259 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Imports in Hong Kong SAR
In 2022, approx. 13K tons of breakfast cereals were imported into Hong Kong SAR; increasing by 2.5% compared with the previous year. Over the period under review, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 9.4%.
In value terms, breakfast cereal imports totaled $51M in 2022. In general, imports, however, saw a deep slump.
| Import of Breakfast Cereal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 13.8 | 14.2 | 13.0 | -6.7% |
| Japan | 21.1 | 8.7 | 8.6 | 8.2 | -27.0% |
| Thailand | 7.1 | 7.1 | 5.2 | 5.6 | -7.6% |
| United Kingdom | 4.2 | 4.2 | 4.4 | 3.5 | -5.9% |
| South Korea | 3.1 | 3.5 | 3.2 | 3.5 | 4.1% |
| United States | 4.5 | 4.2 | 2.9 | 3.4 | -8.9% |
| Malaysia | 2.0 | 1.8 | 1.8 | 2.4 | 6.3% |
| Germany | 1.4 | 0.8 | 1.9 | 2.0 | 12.6% |
| Others | 7.0 | 5.9 | 8.1 | 9.2 | 9.5% |
| Total | 66.4 | 49.9 | 50.3 | 50.7 | -8.6% |
Top Suppliers of Breakfast Cereal to Hong Kong SAR in 2022:
- China (5.3K tons)
- Japan (1.5K tons)
- Thailand (0.9K tons)
- South Korea (0.8K tons)
- Germany (0.7K tons)
- United Kingdom (0.6K tons)
- Malaysia (0.6K tons)
- United States (0.5K tons)
Breakfast Cereal Exports in Hong Kong SAR
In 2022, breakfast cereal exports from Hong Kong SAR surged to 3.5K tons, growing by 28% on the previous year. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, breakfast cereal exports shrank to $14M in 2022. Overall, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports reached the peak of $15M, and then reduced in the following year.
| Export of Breakfast Cereal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 6.0 | 5.4 | 6.3 | 3.5 | -16.4% |
| China | 7.9 | 6.1 | 4.3 | 2.9 | -28.4% |
| Australia | 0.2 | 0.2 | 1.1 | 2.7 | 138.1% |
| Canada | N/A | N/A | 0.8 | 1.5 | 87.5% |
| Taiwan (Chinese) | 0.2 | 0.5 | 0.6 | 1.0 | 71.0% |
| Singapore | N/A | 0.4 | 0.7 | 0.8 | 41.4% |
| United States | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Others | 0.1 | 0.2 | 1.2 | 0.6 | 81.7% |
| Total | 14.4 | 13.0 | 15.2 | 13.6 | -1.9% |
Top Export Markets for Breakfast Cereal from Hong Kong SAR in 2022:
- Australia (877.3 tons)
- China (800.6 tons)
- Macao SAR (682.5 tons)
- Canada (510.3 tons)
- Taiwan (Chinese) (181.4 tons)
- Singapore (162.6 tons)
- United States (124.9 tons)
This report provides an in-depth analysis of the breakfast cereal 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 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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