Hong Kong SAR, China - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in Hong Kong SAR - 2023
Contents:
- Price for Mixed Condiment, Sause and Seasoning in Hong Kong SAR (CIF) - 2023
- Price for Mixed Condiment, Sause and Seasoning in Hong Kong SAR (FOB) - 2023
- Imports of Mixed Condiment, Sause and Seasoning in Hong Kong SAR
- Exports of Mixed Condiment, Sause and Seasoning in Hong Kong SAR
Price for Mixed Condiment, Sause and Seasoning in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for mixed condiments, sauses and seasonings amounted to $3,904 per ton, flattening at the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 15% m-o-m. Over the period under review, average import prices reached the peak figure at $4,162 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($4,872 per ton), while the price for Thailand ($1,393 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 Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mixed Condiment, Sause and Seasoning in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for mixed condiments, sauses and seasonings amounted to $2,452 per ton, growing by 9.3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2023 an increase of 13% against the previous month. The export price peaked at $2,546 per ton in December 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Japan ($4,375 per ton), while the average price for exports to the United States ($1,383 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 Canada (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mixed Condiment, Sause and Seasoning in Hong Kong SAR
Mixed condiment, sause and seasoning imports into Hong Kong SAR soared to 137K tons in 2022, jumping by 23% compared with 2021. The total import volume increased at an average annual rate of +13.7% 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 attained the peak and are likely to continue growth in the immediate term.
In value terms, mixed condiment, sause and seasoning imports soared to $481M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mixed Condiment, Sause and Seasoning in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 118 | 122 | 170 | 341 | 42.4% |
| Japan | 52.8 | 57.5 | 61.3 | 59.0 | 3.8% |
| Thailand | 16.9 | 20.7 | 19.4 | 16.2 | -1.4% |
| United States | 15.7 | 14.5 | 14.7 | 11.6 | -9.6% |
| Taiwan (Chinese) | 7.7 | 7.0 | 7.5 | 8.2 | 2.1% |
| South Korea | 4.6 | 6.8 | 8.4 | 7.8 | 19.2% |
| Philippines | 4.1 | 3.8 | 4.4 | 4.6 | 3.9% |
| Others | 32.5 | 35.8 | 35.8 | 33.2 | 0.7% |
| Total | 252 | 268 | 321 | 481 | 24.0% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to Hong Kong SAR in 2022:
- China (93.4K tons)
- Japan (13.0K tons)
- Thailand (11.5K tons)
- United States (3.1K tons)
- Taiwan (Chinese) (2.5K tons)
- Philippines (2.2K tons)
- South Korea (2.2K tons)
Exports of Mixed Condiment, Sause and Seasoning in Hong Kong SAR
In 2022, mixed condiment, sause and seasoning exports from Hong Kong SAR fell modestly to 72K tons, waning by -4% on 2021 figures. In general, exports saw a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.4%.
In value terms, mixed condiment, sause and seasoning exports dropped slightly to $167M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 8.4%.
| Export of Mixed Condiment, Sause and Seasoning in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.8 | 24.8 | 26.5 | 23.6 | 2.7% |
| Macao SAR | 21.8 | 20.7 | 19.9 | 21.2 | -0.9% |
| China | 30.8 | 24.6 | 28.4 | 20.9 | -12.1% |
| Japan | 18.5 | 15.5 | 19.3 | 19.6 | 1.9% |
| Australia | 14.8 | 13.1 | 15.2 | 17.2 | 5.1% |
| South Korea | 14.5 | 14.0 | 13.9 | 13.4 | -2.6% |
| United Kingdom | 10.3 | 8.7 | 12.4 | 8.8 | -5.1% |
| Netherlands | 8.5 | 7.3 | 7.6 | 5.6 | -13.0% |
| Taiwan (Chinese) | 5.7 | 4.7 | 3.5 | 5.5 | -1.2% |
| Canada | 3.4 | 3.6 | 3.3 | 4.9 | 13.0% |
| Belgium | 0.8 | 0.8 | 1.3 | 3.6 | 65.1% |
| Germany | 0.2 | 0.5 | 0.8 | 2.8 | 141.0% |
| Others | 20.6 | 19.0 | 18.5 | 20.1 | -0.8% |
| Total | 172 | 157 | 171 | 167 | -1.0% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from Hong Kong SAR in 2022:
- United States (17.4K tons)
- Australia (8.3K tons)
- China (7.4K tons)
- South Korea (5.9K tons)
- Macao SAR (5.3K tons)
- Japan (4.7K tons)
- United Kingdom (3.8K tons)
- Canada (3.1K tons)
- Netherlands (2.9K tons)
- Taiwan (Chinese) (2.1K tons)
- Belgium (2.1K tons)
- Germany (1.7K tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and 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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