Hong Kong SAR, China - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Hong Kong SAR - 2023
Contents:
- Extracts of Tea Price in Hong Kong SAR (CIF) - 2023
- Extracts of Tea Price in Hong Kong SAR (FOB) - 2022
- Extracts of Tea Imports in Hong Kong SAR
- Extracts of Tea Exports in Hong Kong SAR
Extracts of Tea Price in Hong Kong SAR (CIF) - 2023
The average extracts of tea import price stood at $5,956 per ton in May 2023, rising by 39% against the previous month. Overall, the import price, however, recorded a mild shrinkage. Over the period under review, average import prices attained the maximum at $7,088 per ton in September 2022; however, from October 2022 to May 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Japan ($25,694 per ton), while the price for India ($1,975 per ton) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in Hong Kong SAR (FOB) - 2022
In 2022, the average extracts of tea export price amounted to $8,341 per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2014 an increase of 36%. The export price peaked at $11,517 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($10,866 per ton), while the average price for exports to China ($4,848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of extracts, essences and concentrates of tea or mate, which decreased by -4.4% to 1.8K tons in 2022. Overall, imports faced a precipitous setback.
In value terms, extracts of tea imports shrank remarkably to $11M in 2022. In general, imports saw a sharp setback. The smallest decline of -19% was in 2021.
| Import of Extracts of Tea in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.2 | 9.9 | 5.0 | 3.6 | -36.7% |
| Japan | 2.2 | 1.9 | 1.7 | 1.7 | -8.2% |
| United States | 7.2 | 3.0 | 5.9 | 1.6 | -39.4% |
| Taiwan (Chinese) | 0.7 | 0.9 | 0.9 | 1.0 | 12.6% |
| Indonesia | 6.5 | 2.6 | 0.5 | 1.0 | -46.4% |
| Sri Lanka | 0.8 | 0.5 | 0.4 | 0.9 | 4.0% |
| Malaysia | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
| Thailand | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| Others | 2.0 | 0.6 | 0.9 | 0.3 | -46.9% |
| Total | 34.1 | 20.0 | 16.2 | 10.8 | -31.8% |
Top Suppliers of Extracts of Tea to Hong Kong SAR in 2022:
- China (879.4 tons)
- Sri Lanka (236.6 tons)
- Indonesia (204.1 tons)
- Japan (130.1 tons)
- Taiwan (Chinese) (94.9 tons)
- Malaysia (90.9 tons)
- Thailand (51.0 tons)
- United States (42.1 tons)
Extracts of Tea Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of extracts, essences and concentrates of tea or mate, which decreased by -46.3% to 145 tons in 2022. Overall, exports showed a sharp reduction. The smallest decline of -8.9% was in 2020.
In value terms, extracts of tea exports shrank sharply to $1.2M in 2022. In general, exports recorded a dramatic slump. The smallest decline of -25% was in 2020.
| Export of Extracts of Tea in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 624 | 649 | 794 | 609 | -0.8% |
| China | 7,559 | 5,181 | 809 | 212 | -69.6% |
| Malaysia | N/A | N/A | N/A | 120 | 0% |
| Netherlands | 58.6 | 62.1 | 80.4 | 62.9 | 2.4% |
| Australia | 37.0 | 44.6 | 33.6 | 48.5 | 9.4% |
| United States | 54.2 | 292 | 113 | 35.2 | -13.4% |
| Philippines | 35.1 | 38.2 | 106 | 33.1 | -1.9% |
| Others | 163 | 132 | 62.2 | 89.1 | -18.2% |
| Total | 8,531 | 6,398 | 1,998 | 1,210 | -47.8% |
Top Export Markets for Extracts of Tea from Hong Kong SAR in 2022:
- Macao SAR (60.0 tons)
- China (43.8 tons)
- Malaysia (12.5 tons)
- Netherlands (5.8 tons)
- Philippines (5.0 tons)
- Australia (4.7 tons)
- United States (4.6 tons)
This report provides an in-depth analysis of the extracts of tea 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 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
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
- 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
-
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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