Hong Kong SAR, China - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in Hong Kong SAR - 2023
Contents:
- Peanut Butter Price in Hong Kong SAR (CIF) - 2023
- Peanut Butter Price in Hong Kong SAR (FOB) - 2023
- Peanut Butter Imports in Hong Kong SAR
- Peanut Butter Exports in Hong Kong SAR
Peanut Butter Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average peanut butter import price amounted to $3,296 per ton, with a decrease of -21.1% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 26% month-to-month. The import price peaked at $4,259 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($7,160 per ton), while the price for Italy ($2,059 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 Italy (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Price in Hong Kong SAR (FOB) - 2023
The average peanut butter export price stood at $4,905 per ton in September 2023, with an increase of 1.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 44% m-o-m. As a result, the export price attained the peak level of $6,057 per ton. From June 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($5,499 per ton), while the average price for exports to Canada ($3,432 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 China (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Imports in Hong Kong SAR
After two years of decline, supplies from abroad of peanut butter and prepared or preserved groundnuts increased by 15% to 7.6K tons in 2022. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, peanut butter imports reached $27M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Peanut Butter in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 10.8 | 10.9 | 13.0 | 7.4% |
| United States | 4.3 | 4.2 | 4.2 | 4.0 | -2.4% |
| Indonesia | 2.8 | 3.3 | 2.6 | 2.8 | 0.0% |
| Greece | N/A | N/A | N/A | 2.3 | 0% |
| Malaysia | 1.3 | 1.9 | 1.8 | 1.4 | 2.5% |
| Thailand | 2.7 | 0.8 | 0.4 | 0.4 | -47.1% |
| Others | 1.9 | 1.9 | 3.4 | 2.7 | 12.4% |
| Total | 23.5 | 22.9 | 23.3 | 26.7 | 4.3% |
Top Suppliers of Peanut Butter to Hong Kong SAR in 2022:
- China (4.8K tons)
- United States (1.1K tons)
- Indonesia (0.8K tons)
- Greece (0.3K tons)
- Malaysia (0.2K tons)
- Thailand (0.1K tons)
Peanut Butter Exports in Hong Kong SAR
Peanut butter exports from Hong Kong SAR dropped to 511 tons in 2022, falling by -7.8% compared with 2021 figures. Overall, exports showed a dramatic descent.
In value terms, peanut butter exports fell to $2.1M in 2022. In general, exports faced a significant decline. The smallest decline of -5.1% was in 2021.
| Export of Peanut Butter in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,753 | 1,464 | 1,564 | 1,738 | -0.3% |
| China | 2,731 | 759 | 605 | 130 | -63.8% |
| United States | 88.4 | 77.3 | 93.0 | 112 | 8.2% |
| Canada | 165 | 114 | 120 | 96.9 | -16.3% |
| Malaysia | 198 | 49.0 | 1.8 | 1.0 | -82.8% |
| Others | 120 | 89.2 | 36.7 | 69.5 | -16.6% |
| Total | 5,055 | 2,552 | 2,421 | 2,148 | -24.8% |
Top Export Markets for Peanut Butter from Hong Kong SAR in 2022:
- Macao SAR (394.9 tons)
- China (42.3 tons)
- United States (31.0 tons)
- Canada (24.2 tons)
- Malaysia (0.5 tons)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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
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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
512
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This report provides an in-depth analysis of the peanut butter market in Hong Kong SAR, China.
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295
In March 2023, the peanut butter price amounted to $4,079 per ton (CIF, Hong Kong), with an increase of 12% against the previous month.
8777
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1990
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1161
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
295
In March 2023, the peanut butter price amounted to $4,079 per ton (CIF, Hong Kong), with an increase of 12% against the previous month.
8777
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1990
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1161
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
