Hong Kong SAR, China - Candy, Sweets, and Nonchocolate Confectionery - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR - 2023
Contents:
- Price for Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR (CIF) - 2022
- Price for Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR (FOB) - 2023
- Imports of Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR
- Exports of Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR
Price for Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR (CIF) - 2022
The average import price for candies, sweets, and nonchocolate confectionery stood at $6,039 per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 5.7% against the previous year. Over the period under review, average import prices reached the maximum at $6,155 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($8,004 per ton), while the price for Indonesia ($3,327 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for candies, sweets, and nonchocolate confectionery amounted to $12,526 per ton, growing by 10% against the previous month. Over the period under review, export price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, candy, sweets, and nonchocolate confectionery export price increased by +40.0% against April 2023 indices. The growth pace was the most rapid in February 2023 when the average export price increased by 35% against the previous month. The export price peaked in June 2023.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was China ($13,840 per ton), while the average price for exports to the United States ($5,426 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR
In 2022, the amount of candies, sweets, and nonchocolate confectionery imported into Hong Kong SAR dropped to 21K tons, reducing by -15% against the previous year's figure. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2021 when imports increased by 13%.
In value terms, candy, sweets, and nonchocolate confectionery imports fell significantly to $129M in 2022. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
| Import of Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 68.7 | 52.9 | 52.3 | 42.6 | -14.7% |
| China | 35.7 | 25.7 | 30.6 | 23.6 | -12.9% |
| Germany | 12.6 | 12.4 | 17.5 | 16.7 | 9.8% |
| United States | 17.2 | 8.7 | 11.9 | 9.0 | -19.4% |
| Thailand | 12.7 | 5.8 | 10.4 | 7.8 | -15.0% |
| Taiwan (Chinese) | 9.3 | 6.2 | 6.3 | 6.2 | -12.6% |
| United Kingdom | 5.5 | 3.6 | 3.8 | 4.4 | -7.2% |
| Malaysia | 7.6 | 3.9 | 4.2 | 4.3 | -17.3% |
| Turkey | 1.0 | 0.6 | 1.2 | 2.1 | 28.1% |
| Netherlands | 5.1 | 2.9 | 2.1 | 1.9 | -28.0% |
| Indonesia | 2.2 | 1.4 | 1.3 | 1.2 | -18.3% |
| Others | 19.2 | 11.2 | 12.2 | 9.5 | -20.9% |
| Total | 197 | 135 | 154 | 129 | -13.2% |
Top Suppliers of Candy, Sweets, and Nonchocolate Confectionery to Hong Kong SAR in 2022:
- Japan (5.3K tons)
- China (4.5K tons)
- Germany (4.0K tons)
- United States (1.3K tons)
- Thailand (1.2K tons)
- Taiwan (Chinese) (0.8K tons)
- Malaysia (0.8K tons)
- Turkey (0.6K tons)
- United Kingdom (0.6K tons)
- Indonesia (0.4K tons)
- Netherlands (0.3K tons)
Exports of Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR
Candy, sweets, and nonchocolate confectionery exports from Hong Kong SAR contracted slightly to 15K tons in 2022, reducing by -2.5% on 2021 figures. Over the period under review, exports, however, saw a modest increase. The growth pace was the most rapid in 2021 when exports increased by 30%. As a result, the exports reached the peak of 16K tons, and then fell slightly in the following year.
In value terms, candy, sweets, and nonchocolate confectionery exports shrank to $103M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports reached the peak of $117M, and then contracted in the following year.
| Export of Candy, Sweets, and Nonchocolate Confectionery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.8 | 37.2 | 66.4 | 62.3 | 10.0% |
| Macao SAR | 22.2 | 18.5 | 28.7 | 24.6 | 3.5% |
| United States | 5.6 | 6.1 | 5.1 | 4.4 | -7.7% |
| Vietnam | 1.2 | 0.4 | 0.3 | 3.0 | 35.7% |
| Canada | 3.1 | 5.3 | 4.3 | 2.0 | -13.6% |
| Australia | 2.9 | 2.7 | 2.3 | 0.8 | -34.9% |
| Netherlands | 1.5 | 2.0 | 2.6 | 0.3 | -41.5% |
| Others | 10.3 | 7.6 | 7.4 | 5.5 | -18.9% |
| Total | 93.7 | 79.7 | 117 | 103 | 3.2% |
Top Export Markets for Candy, Sweets, and Nonchocolate Confectionery from Hong Kong SAR in 2022:
- China (9.6K tons)
- Macao SAR (2.9K tons)
- United States (0.8K tons)
- Vietnam (0.7K tons)
- Canada (0.6K tons)
- Netherlands (0.1K tons)
- Australia (0.1K tons)
This report provides an in-depth analysis of the market for candy, sweets, and nonchocolate confectionery 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 10822310 - Chewing gum
- Prodcom 10822320 - Liquorice cakes, blocks, sticks and pastilles containing > .10 % by weight of sucrose, but not containing any other substances
- Prodcom 10822330 - White chocolate
- Prodcom 10822353 - Sugar confectionery pastes in immediate packings of a net content . 1 kg (including marzipan, fondant, nougat and almond pastes)
- Prodcom 10822355 - Throat pastilles and cough drops consisting essentially of sugars and flavouring agents (excluding pastilles or drops with flavouring agents containing medicinal properties)
- Prodcom 10822363 - Sugar-coated (panned) goods (including sugar almonds)
- Prodcom 10822365 - Gums, fruit jellies and fruit pastes in the form of sugar confectionery (excluding chewing gum)
- Prodcom 10822373 - Boiled sweets
- Prodcom 10822375 - Toffees, caramels and similar sweets
- Prodcom 10822383 - Compressed tablets of sugar confectionery (including cachous)
- Prodcom 10822390 - Sugar confectionery, n.e.c.
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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