Report Update: May 1, 2024

Hong Kong SAR, China - Prepared Baking Powders - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Baking Powder Price in Hong Kong SAR - 2023

Prepared Baking Powder Price in Hong Kong SAR (CIF) - 2023

The average prepared baking powder import price stood at $4,170 per ton in September 2023, increasing by 26% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 162% m-o-m. As a result, import price attained the peak level of $4,174 per ton; afterwards, it flattened through to September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($8,112 per ton), while the price for China ($2,245 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 Japan (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Prepared Baking Powder Price in Hong Kong SAR (FOB) - 2022

In 2022, the average prepared baking powder export price amounted to $3,227 per ton, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($5,622 per ton), while the average price for exports to Macao SAR ($2,622 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 Vietnam (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports in Hong Kong SAR

In 2022, approx. 576 tons of prepared baking powders were imported into Hong Kong SAR; growing by 22% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt contraction.

In value terms, prepared baking powder imports skyrocketed to $1.9M in 2022. Overall, imports, however, showed a noticeable curtailment.

Import of Prepared Baking Powder in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	814	705	499	608	-9.3%
Singapore	690	193	346	468	-12.1%
Malaysia	277	49.2	164	351	8.2%
United States	240	246	164	212	-4.1%
Japan	24.3	166	158	150	83.4%
France	57.9	102	86.6	52.2	-3.4%
Others	4.0	44.6	4.3	12.7	47.0%
Total	2,107	1,506	1,422	1,853	-4.2%

Top Suppliers of Prepared Baking Powder to Hong Kong SAR in 2022:

China (228.1 tons)
Singapore (126.7 tons)
Malaysia (95.9 tons)
United States (69.2 tons)
Japan (40.5 tons)
France (10.6 tons)

Prepared Baking Powder Exports in Hong Kong SAR

In 2022, the amount of prepared baking powders exported from Hong Kong SAR declined dramatically to 133 tons, which is down by -18.7% on 2021 figures. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 5.8% against the previous year.

In value terms, prepared baking powder exports shrank to $430K in 2022. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 7.7% against the previous year.

Export of Prepared Baking Powder in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	215	193	207	230	2.3%
Macao SAR	128	113	131	93.8	-9.8%
Vietnam	41.1	15.1	13.2	50.5	7.1%
Singapore	5.4	28.3	5.1	22.7	61.4%
Canada	12.1	11.1	10.9	11.1	-2.8%
Australia	25.2	30.4	14.6	3.5	-48.2%
China	13.7	21.7	29.0	N/A	45.5%
Malaysia	25.3	N/A	N/A	N/A	0%
Others	56.2	11.5	46.0	19.0	-30.3%
Total	521	424	456	430	-6.2%

Top Export Markets for Prepared Baking Powder from Hong Kong SAR in 2022:

Netherlands (79.1 tons)
Macao SAR (35.8 tons)
Vietnam (9.0 tons)
Singapore (4.0 tons)
Canada (2.4 tons)
Australia (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the prepared baking powder 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 10891370 - Prepared baking powders

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023