Hong Kong SAR, China - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Mustard Price in Hong Kong SAR - 2023
Contents:
- Prepared Mustard Price in Hong Kong SAR (CIF) - 2023
- Prepared Mustard Price in Hong Kong SAR (FOB) - 2023
- Prepared Mustard Imports in Hong Kong SAR
- Prepared Mustard Exports in Hong Kong SAR
Prepared Mustard Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average prepared mustard import price amounted to $4,677 per ton, with a decrease of -12.2% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 29% month-to-month. Over the period under review, average import prices hit record highs at $5,734 per ton in February 2023; however, from March 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 the UK ($12,108 per ton), while the price for Taiwan (Chinese) ($2,808 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 the UK (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Mustard Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average prepared mustard export price amounted to $9,980 per ton, surging by 9.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 75% month-to-month. The export price peaked at $10,865 per ton in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Vietnam ($11,022 per ton), while the average price for exports to Canada ($1,575 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 Macao SAR (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Prepared Mustard Imports in Hong Kong SAR
In 2022, the amount of prepared mustard imported into Hong Kong SAR shrank remarkably to 582 tons, reducing by -36.5% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 917 tons, and then declined dramatically in the following year.
In value terms, prepared mustard imports shrank significantly to $2.5M in 2022. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $4M, and then reduced notably in the following year.
| Import of Prepared Mustard in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,201 | 871 | 1,929 | 681 | -17.2% |
| Japan | 621 | 820 | 798 | 665 | 2.3% |
| United States | 276 | 286 | 359 | 440 | 16.8% |
| France | 458 | 598 | 508 | 325 | -10.8% |
| United Kingdom | 463 | 191 | 354 | 262 | -17.3% |
| Taiwan (Chinese) | 46.3 | 32.9 | 33.2 | 34.3 | -9.5% |
| Others | 46.2 | 132 | 35.5 | 86.5 | 23.3% |
| Total | 3,111 | 2,930 | 4,016 | 2,495 | -7.1% |
Top Suppliers of Prepared Mustard to Hong Kong SAR in 2022:
- China (171.4 tons)
- United States (140.7 tons)
- France (96.6 tons)
- Japan (92.4 tons)
- United Kingdom (40.1 tons)
- Taiwan (Chinese) (19.3 tons)
Prepared Mustard Exports in Hong Kong SAR
In 2022, the amount of prepared mustard exported from Hong Kong SAR skyrocketed to 402 tons, with an increase of 92% against 2021 figures. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, prepared mustard exports soared to $3.9M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Prepared Mustard in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,402 | 1,422 | 1,281 | 3,362 | 33.8% |
| Macao SAR | 325 | 253 | 208 | 245 | -9.0% |
| China | 140 | 94.0 | 224 | 238 | 19.3% |
| Others | 8.5 | 3.9 | 5.9 | 14.0 | 18.1% |
| Total | 1,875 | 1,773 | 1,719 | 3,859 | 27.2% |
Top Export Markets for Prepared Mustard from Hong Kong SAR in 2022:
- Vietnam (322.4 tons)
- China (43.5 tons)
- Macao SAR (32.9 tons)
This report provides an in-depth analysis of the prepared mustard 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 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
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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