Hong Kong SAR, China - Cream Fresh - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCream Fresh Price in Hong Kong SAR - 2023
Contents:
- Cream Fresh Price in Hong Kong SAR (CIF) - 2023
- Cream Fresh Price in Hong Kong SAR (FOB) - 2023
- Cream Fresh Imports in Hong Kong SAR
- Cream Fresh Exports in Hong Kong SAR
Cream Fresh Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average cream fresh import price amounted to $3,523 per ton, shrinking by -4.3% against the previous month. Overall, the import price, however, recorded a mild increase. The most prominent rate of growth was recorded in December 2022 an increase of 23% month-to-month. Over the period under review, average import prices attained the maximum at $3,681 per ton in May 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($4,241 per ton), while the price for Slovenia ($895 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Australia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cream Fresh Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average cream fresh export price amounted to $5,139 per ton, with an increase of 4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in July 2022 an increase of 34% against the previous month. Over the period under review, the average export prices hit record highs at $5,509 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From June 2022 to June 2023, the rate of growth in terms of prices for Macao SAR amounted to +2.3% per month.
Cream Fresh Imports in Hong Kong SAR
In 2022, cream fresh imports into Hong Kong SAR reduced dramatically to 6.6K tons, with a decrease of -21.6% against the previous year. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18%.
In value terms, cream fresh imports contracted to $19M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year.
Import of Cream Fresh in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 4.9 | 2.6 | 5.1 | 4.2 | -5.0% |
France | 5.3 | 4.0 | 3.1 | 2.7 | -20.1% |
Malaysia | 0.9 | 1.8 | 1.6 | 2.3 | 36.7% |
Germany | 2.8 | 1.9 | 2.4 | 1.8 | -13.7% |
Belgium | 2.4 | 2.2 | 1.9 | 1.6 | -12.6% |
United Kingdom | 1.0 | 1.2 | 1.2 | 1.5 | 14.5% |
Australia | 1.0 | 1.0 | 1.8 | 1.3 | 9.1% |
China | 1.0 | 0.9 | 0.8 | 0.8 | -7.2% |
Slovenia | 0.8 | 0.3 | 1.2 | 0.7 | -4.4% |
South Korea | 1.3 | 0.1 | 0.1 | 0.1 | -57.5% |
Others | 1.8 | 1.7 | 1.7 | 2.1 | 5.3% |
Total | 23.2 | 18.0 | 20.9 | 19.1 | -6.3% |
Top Suppliers of Cream Fresh to Hong Kong SAR in 2022:
- New Zealand (1078.2 tons)
- Slovenia (927.4 tons)
- United Kingdom (828.1 tons)
- France (740.6 tons)
- Malaysia (590.1 tons)
- Germany (535.9 tons)
- Australia (530.0 tons)
- Belgium (485.8 tons)
- China (438.0 tons)
- South Korea (32.9 tons)
Cream Fresh Exports in Hong Kong SAR
In 2022, the amount of cream fresh exported from Hong Kong SAR contracted sharply to 780 tons, dropping by -28.9% against the year before. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 47%. As a result, the exports attained the peak of 1.1K tons, and then contracted rapidly in the following year.
In value terms, cream fresh exports declined to $3.5M in 2022. Overall, exports recorded a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of $3.8M, and then fell in the following year.
Export of Cream Fresh in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 3.7 | 2.7 | 3.8 | 3.5 | -1.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.7 | 2.7 | 3.8 | 3.5 | -1.8% |
Top Export Markets for Cream Fresh from Hong Kong SAR in 2022:
- Macao SAR (777.9 tons)
This report provides an in-depth analysis of the cream fresh 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 885 - Cream, Fresh
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
This report provides an in-depth analysis of the cream fresh market in Hong Kong SAR, China.
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