Hong Kong SAR, China - Spirits Obtained From Distilled Grape Wine Or Grape Marc - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrape Wine Spirits Price in Hong Kong SAR - 2023
Contents:
- Grape Wine Spirits Price in Hong Kong SAR (FOB) - 2023
- Grape Wine Spirits Price in Hong Kong SAR (CIF) - 2022
- Grape Wine Spirits Exports in Hong Kong SAR
- Grape Wine Spirits Imports in Hong Kong SAR
Grape Wine Spirits Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average grape wine spirits export price amounted to $99.2 per litre, therefore, remained relatively stable against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices hit record highs at $111 per litre in January 2023; however, from February 2023 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In June 2023, the country with the highest price was China ($92.9 per litre), while the average price for exports to Macao SAR stood at $87.4 per litre.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.3%).
Grape Wine Spirits Price in Hong Kong SAR (CIF) - 2022
The average grape wine spirits import price stood at $48 per litre in 2022, falling by -9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $53 per litre, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($83 per litre), while the price for the Philippines ($2.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Grape Wine Spirits Exports in Hong Kong SAR
In 2022, exports of spirits obtained from distilled grape wine or grape marc from Hong Kong SAR shrank remarkably to 1.6M litres, with a decrease of -39.4% against 2021. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The exports peaked at 3M litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, grape wine spirits exports reduced remarkably to $125M in 2022. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. The exports peaked at $227M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Grape Wine Spirits in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 140 | 130 | 152 | 68.6 | -21.2% |
| Macao SAR | 58.1 | 22.2 | 47.5 | 40.0 | -11.7% |
| Singapore | 2.0 | 11.4 | 12.8 | 5.6 | 40.9% |
| Russia | N/A | N/A | 0.9 | 3.2 | 255.6% |
| Indonesia | 0.7 | N/A | N/A | 2.0 | 41.9% |
| Vietnam | 21.8 | 4.8 | 2.0 | 0.7 | -68.2% |
| Others | 4.5 | 6.1 | 6.4 | 4.5 | 0.0% |
| Total | 227 | 174 | 222 | 125 | -18.0% |
Top Export Markets for Grape Wine Spirits from Hong Kong SAR in 2022:
- China (1016.3K litres)
- Macao SAR (323.3K litres)
- Singapore (116.2K litres)
- Russia (35.7K litres)
- Indonesia (28.6K litres)
- Vietnam (10.6K litres)
Grape Wine Spirits Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of spirits obtained from distilled grape wine or grape marc, which decreased by -10.2% to 2.8M litres in 2022. In general, imports continue to indicate a deep reduction. Imports peaked at 5M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, grape wine spirits imports contracted rapidly to $135M in 2022. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 6.4%. Over the period under review, imports reached the peak figure at $220M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Grape Wine Spirits in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 113 | 77.3 | 90.1 | 64.1 | -17.2% |
| China | 1.9 | 7.8 | 20.7 | 35.0 | 164.1% |
| France | 98.7 | 57.3 | 32.5 | 19.3 | -42.0% |
| Belgium | 0.1 | 0.5 | 1.1 | 4.7 | 260.9% |
| Japan | 0.3 | 0.1 | 1.0 | 3.9 | 135.1% |
| Spain | 0.9 | 0.4 | 0.3 | 0.4 | -23.7% |
| Philippines | 0.1 | 0.1 | 1.1 | 0.1 | 0.0% |
| India | 0.4 | 1.2 | N/A | N/A | 200.0% |
| Others | 4.9 | 11.4 | 19.2 | 7.1 | 13.2% |
| Total | 220 | 156 | 166 | 135 | -15.0% |
Top Suppliers of Grape Wine Spirits to Hong Kong SAR in 2022:
- Singapore (1087.2K litres)
- France (754.7K litres)
- China (506.4K litres)
- Spain (137.0K litres)
- Belgium (118.4K litres)
- Philippines (50.1K litres)
- Japan (47.2K litres)
This report provides an in-depth analysis of the grape wine spirits 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 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)
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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