Hong Kong SAR, China - Gingerbread, Sweet Biscuits And Waffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR - 2023
Contents:
- Price for Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR (FOB) - 2023
- Price for Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR (CIF) - 2023
- Exports of Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR
- Imports of Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR
Price for Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR (FOB) - 2023
In September 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $11,584 per ton, rising by 20% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 39% against the previous month. Over the period under review, the average export prices hit record highs at $11,904 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was South Korea ($18,247 per ton), while the average price for exports to China ($10,399 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 (+4.2%), while the prices for the other major destinations experienced a decline.
Price for Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR (CIF) - 2023
In September 2023, the average import price for gingerbread, sweet biscuits and waffles amounted to $4,134 per ton, remaining constant against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 22% against the previous month. Over the period under review, average import prices reached the maximum at $5,995 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($8,425 per ton), while the price for India ($2,084 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 Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR
In 2022, approx. 5.9K tons of gingerbread, sweet biscuits and waffles were exported from Hong Kong SAR; falling by -36.3% against 2021 figures. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 44%. As a result, the exports attained the peak of 9.3K tons, and then shrank notably in the following year.
In value terms, gingerbread, sweet biscuit and waffle exports reduced notably to $57M in 2022. Over the period under review, exports showed a perceptible slump. The growth pace was the most rapid in 2021 when exports increased by 78%. As a result, the exports attained the peak of $104M, and then contracted remarkably in the following year.
| Export of Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.1 | 42.5 | 84.5 | 38.9 | -2.6% |
| Macao SAR | 14.6 | 9.4 | 10.2 | 10.2 | -11.3% |
| South Korea | 0.4 | 1.3 | 2.0 | 2.2 | 76.5% |
| Singapore | 1.0 | 0.7 | 1.1 | 1.8 | 21.6% |
| Taiwan (Chinese) | 1.4 | 1.9 | 1.4 | 0.8 | -17.0% |
| Malaysia | 0.5 | 0.4 | 0.8 | 0.8 | 17.0% |
| Others | 2.3 | 1.7 | 3.6 | 2.3 | 0.0% |
| Total | 62.4 | 58.0 | 104 | 57.0 | -3.0% |
Top Export Markets for Gingerbread, Sweet Biscuit and Waffle from Hong Kong SAR in 2022:
- China (3684.0 tons)
- Macao SAR (1442.9 tons)
- Singapore (199.0 tons)
- South Korea (111.1 tons)
- Malaysia (98.0 tons)
- Taiwan (Chinese) (74.5 tons)
Imports of Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of gingerbread, sweet biscuits and waffles, which decreased by -12.1% to 19K tons in 2022. In general, imports showed a abrupt downturn. The smallest decline of -4.3% was in 2020.
In value terms, gingerbread, sweet biscuit and waffle imports reduced to $94M in 2022. Over the period under review, imports saw a abrupt shrinkage.
| Import of Gingerbread, Sweet Biscuit and Waffle in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.6 | 17.0 | 17.7 | 17.7 | -3.3% |
| Japan | 29.9 | 25.8 | 28.1 | 17.2 | -16.8% |
| Denmark | 22.5 | 13.3 | 15.8 | 13.1 | -16.5% |
| United Kingdom | 12.8 | 11.8 | 9.8 | 9.6 | -9.1% |
| Germany | 4.3 | 1.8 | 1.6 | 8.2 | 24.0% |
| Indonesia | 18.8 | 17.0 | 2.2 | 5.3 | -34.4% |
| Italy | 2.4 | 2.9 | 3.2 | 3.3 | 11.2% |
| Taiwan (Chinese) | 4.3 | 2.4 | 2.3 | 2.2 | -20.0% |
| Thailand | 12.3 | 12.4 | 5.6 | 2.0 | -45.4% |
| Singapore | 3.0 | 1.4 | 1.8 | 1.7 | -17.2% |
| Philippines | 1.1 | 1.2 | 1.2 | 1.3 | 5.7% |
| Malaysia | 3.9 | 2.3 | 1.7 | 1.3 | -30.7% |
| India | 0.6 | 0.6 | 0.4 | 0.6 | 0.0% |
| Others | 15.9 | 11.3 | 9.1 | 10.3 | -13.5% |
| Total | 152 | 121 | 100 | 93.8 | -14.9% |
Top Suppliers of Gingerbread, Sweet Biscuit and Waffle to Hong Kong SAR in 2022:
- China (6.2K tons)
- United Kingdom (2.4K tons)
- Japan (2.1K tons)
- Denmark (1.7K tons)
- Indonesia (1.2K tons)
- Germany (1.0K tons)
- Italy (0.6K tons)
- Singapore (0.5K tons)
- Philippines (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Malaysia (0.4K tons)
- Thailand (0.4K tons)
- India (0.3K tons)
This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle 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 10721230 - Gingerbread and the like
- Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
- Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721257 - Waffles and wafers with a water content > .10 % by weight of the finished product (excluding ice cream cornets, s andwiched waffles, other similar products)
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
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.
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The production of bread and bakery products illustrated steady growth from 2007 to 2015. In 2015, production amounted to X million tons. In value terms, the output growth was more pronounced from 2007-2011; it then decelerated. From 2007 to 2015,
