Hong Kong SAR, China - Fresh Bread and Miscellaneous Bakery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fresh Bread and Miscellaneous Bakery in Hong Kong SAR - 2023
Contents:
- Price for Fresh Bread and Miscellaneous Bakery in Hong Kong SAR (CIF) - 2023
- Price for Fresh Bread and Miscellaneous Bakery in Hong Kong SAR (FOB) - 2023
- Imports of Fresh Bread and Miscellaneous Bakery in Hong Kong SAR
- Exports of Fresh Bread and Miscellaneous Bakery in Hong Kong SAR
Price for Fresh Bread and Miscellaneous Bakery in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for fresh bread and miscellaneous bakery amounted to $4,455 per ton, growing by 5.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 10% m-o-m. Over the period under review, average import prices attained the maximum at $5,224 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,280 per ton), while the price for the Philippines ($2,177 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh Bread and Miscellaneous Bakery in Hong Kong SAR (FOB) - 2023
The average export price for fresh bread and miscellaneous bakery stood at $13,332 per ton in June 2023, jumping by 76% against the previous month. In general, the export price saw noticeable growth. The most prominent rate of growth was recorded in July 2022 an increase of 129% against the previous month. The export price peaked at $28,352 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($18,077 per ton), while the average price for exports to Malaysia ($3,395 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 (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh Bread and Miscellaneous Bakery in Hong Kong SAR
In 2022, approx. 78K tons of fresh bread and miscellaneous bakery were imported into Hong Kong SAR; with an increase of 4% against 2021. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, fresh bread and miscellaneous bakery imports expanded remarkably to $375M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Fresh Bread and Miscellaneous Bakery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 96.9 | 116 | 135 | 4.3% |
| Japan | 68.4 | 71.6 | 98.1 | 99.6 | 13.3% |
| Taiwan (Chinese) | 18.1 | 18.7 | 19.3 | 25.0 | 11.4% |
| South Korea | 12.3 | 16.4 | 19.0 | 17.5 | 12.5% |
| United Kingdom | 12.6 | 14.6 | 16.0 | 14.3 | 4.3% |
| Indonesia | 5.3 | 6.4 | 17.2 | 12.7 | 33.8% |
| Macao SAR | 2.2 | 1.1 | 1.2 | 8.7 | 58.1% |
| France | 8.6 | 7.4 | 8.0 | 8.4 | -0.8% |
| United States | 16.3 | 13.7 | 8.8 | 7.3 | -23.5% |
| Malaysia | 8.2 | 8.0 | 6.8 | 7.0 | -5.1% |
| Philippines | 3.3 | 3.3 | 4.1 | 3.7 | 3.9% |
| Others | 35.3 | 27.3 | 35.6 | 36.1 | 0.7% |
| Total | 310 | 285 | 350 | 375 | 6.6% |
Top Suppliers of Fresh Bread and Miscellaneous Bakery to Hong Kong SAR in 2022:
- China (37.7K tons)
- Japan (12.5K tons)
- Taiwan (Chinese) (4.0K tons)
- South Korea (4.0K tons)
- United Kingdom (3.5K tons)
- Indonesia (2.6K tons)
- Malaysia (1.7K tons)
- Philippines (1.5K tons)
- France (1.5K tons)
- Macao SAR (1.4K tons)
- United States (1.2K tons)
Exports of Fresh Bread and Miscellaneous Bakery in Hong Kong SAR
Fresh bread and miscellaneous bakery exports from Hong Kong SAR shrank notably to 27K tons in 2022, dropping by -19.7% compared with the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, the exports reached the peak of 34K tons, and then fell rapidly in the following year.
In value terms, fresh bread and miscellaneous bakery exports soared to $398M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fresh Bread and Miscellaneous Bakery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 200 | 213 | 229 | 305 | 15.1% |
| Macao SAR | 34.6 | 35.8 | 45.4 | 41.4 | 6.2% |
| United States | 8.9 | 7.0 | 9.2 | 11.8 | 9.9% |
| Canada | 5.3 | 4.6 | 7.8 | 7.6 | 12.8% |
| Taiwan (Chinese) | 6.1 | 2.5 | 6.2 | 7.3 | 6.2% |
| Philippines | 0.4 | 4.1 | 10.8 | 2.3 | 79.2% |
| Others | 17.2 | 12.9 | 16.8 | 22.1 | 8.7% |
| Total | 273 | 280 | 325 | 398 | 13.4% |
Top Export Markets for Fresh Bread and Miscellaneous Bakery from Hong Kong SAR in 2022:
- China (12.9K tons)
- Macao SAR (7.7K tons)
- Philippines (1.7K tons)
- United States (1.3K tons)
- Canada (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
This report provides an in-depth analysis of the market for fresh bread and miscellaneous bakery 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 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
- Prodcom 10711200 - Cake and pastry products, other bakers
- Prodcom 10721910 - Matzos
- Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
- Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
- Prodcom 10721950 - Savoury or salted extruded or expanded products
- Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)
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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In January 2023, the price of waffle and wafer was $5,558 per ton (CIF, Hong Kong, China), recording a 4.9% increase from the previous month.
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In May 2023, the price of Sweet Biscuit was $8,931 per ton (FOB, Hong Kong), showing a decrease of 12.7% compared to the previous month.
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The global bread and bakery product market displayed very modest, but sustainable growth throughout the period under review, increasing from X tons in 2007, to X tons in 2016. Bread and bakery constitute staple food products, therefore their
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The global bread market showed steady growth, rising from X million tons in 2007, to X million tons in 2015.
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Global exports have posted steady growth over the last few years, with an average annual rate of +X%. In 2015, exports on the bakery product market expanded to X thousand tons. In value terms, this was X million USD, a decline of X% less
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In 2015, the value of total imports for bread and bakery products stood at X billion USD. In physical terms, the total volume of bread and bakery products reached X thousand tons in 2015, X thousand tons (X%) more than the previous year.
