Hong Kong SAR, China - Buttermilk And Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Buttermilk and Buttermilk Powder in Hong Kong SAR - 2023
Contents:
- Price for Buttermilk and Buttermilk Powder in Hong Kong SAR (CIF) - 2023
- Price for Buttermilk and Buttermilk Powder in Hong Kong SAR (FOB) - 2023
- Imports of Buttermilk and Buttermilk Powder in Hong Kong SAR
- Exports of Buttermilk and Buttermilk Powder in Hong Kong SAR
Price for Buttermilk and Buttermilk Powder in Hong Kong SAR (CIF) - 2023
The average buttermilk and buttermilk powder import price stood at $1,406 per ton in September 2023, shrinking by -6.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 26% against the previous month. As a result, import price reached the peak level of $2,225 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($8,005 per ton), while the price for China ($1,271 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 Switzerland (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buttermilk and Buttermilk Powder in Hong Kong SAR (FOB) - 2023
The average buttermilk and buttermilk powder export price stood at $1,904 per ton in September 2023, growing by 3% against the previous month. Over the period under review, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 14% m-o-m. The export price peaked at $2,865 per ton in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($2,406 per ton), while the average price for exports to China stood at $1,149 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.5%).
Imports of Buttermilk and Buttermilk Powder in Hong Kong SAR
In 2022, approx. 7.8K tons of buttermilk and buttermilk powder were imported into Hong Kong SAR; picking up by 33% compared with the year before. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, buttermilk and buttermilk powder imports expanded notably to $13M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Buttermilk and Buttermilk Powder in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.1 | 10.5 | 9.2 | 9.0 | -3.8% |
| Vietnam | 0.2 | 0.4 | 0.5 | 1.8 | 108.0% |
| Switzerland | N/A | 1.0 | 0.8 | 1.0 | 0.0% |
| Taiwan (Chinese) | 0.4 | 0.5 | 0.3 | 0.4 | 0.0% |
| Thailand | 0.4 | 0.2 | 0.5 | 0.4 | 0.0% |
| Others | 0.7 | 0.7 | 0.6 | 0.7 | 0.0% |
| Total | 11.7 | 13.4 | 11.9 | 13.3 | 4.4% |
Top Suppliers of Buttermilk and Buttermilk Powder to Hong Kong SAR in 2022:
- China (5.7K tons)
- Vietnam (1.2K tons)
- Taiwan (Chinese) (0.3K tons)
- Thailand (0.3K tons)
- Switzerland (0.1K tons)
Exports of Buttermilk and Buttermilk Powder in Hong Kong SAR
In 2022, overseas shipments of buttermilk and buttermilk powder decreased by -8.3% to 1.8K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of 3.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, buttermilk and buttermilk powder exports reduced slightly to $4.2M in 2022. Over the period under review, exports continue to indicate a deep reduction.
| Export of Buttermilk and Buttermilk Powder in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 6.8 | 4.0 | 3.9 | 3.2 | -22.2% |
| China | 0.5 | 2.2 | 0.4 | 1.0 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.3 | 6.2 | 4.4 | 4.2 | -16.8% |
Top Export Markets for Buttermilk and Buttermilk Powder from Hong Kong SAR in 2022:
- Macao SAR (1391.5 tons)
- China (390.3 tons)
This report provides an in-depth analysis of the market for buttermilk and buttermilk powder 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:
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
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
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