Hong Kong SAR, China - Skimmed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Powdered, Condensed or Evaporated Milk in Hong Kong SAR - 2023
Contents:
- Price for Powdered, Condensed or Evaporated Milk in Hong Kong SAR (CIF) - 2022
- Price for Powdered, Condensed or Evaporated Milk in Hong Kong SAR (FOB) - 2022
- Imports of Powdered, Condensed or Evaporated Milk in Hong Kong SAR
- Exports of Powdered, Condensed or Evaporated Milk in Hong Kong SAR
Price for Powdered, Condensed or Evaporated Milk in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for powdered, condensed or evaporated milk amounted to $7,384 per ton, picking up by 1.8% against the previous year. Overall, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2014 an increase of 15%. As a result, import price attained the peak level of $11,055 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($17,759 per ton), while the price for Thailand ($1,377 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Powdered, Condensed or Evaporated Milk in Hong Kong SAR (FOB) - 2022
The average export price for powdered, condensed or evaporated milk stood at $18,706 per ton in 2022, picking up by 55% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $19,072 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($20,954 per ton), while the average price for exports to Macao SAR totaled $13,129 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.0%).
Imports of Powdered, Condensed or Evaporated Milk in Hong Kong SAR
In 2022, the amount of powdered, condensed or evaporated milk imported into Hong Kong SAR fell dramatically to 78K tons, waning by -27.9% against the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 6.6% against the previous year.
In value terms, powdered, condensed or evaporated milk imports declined remarkably to $578M in 2022. Overall, imports recorded a significant contraction. The smallest decline of -14% was in 2021.
| Import of Powdered, Condensed or Evaporated Milk in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 285 | 244 | 238 | 209 | -9.8% |
| China | 365 | 154 | 243 | 120 | -31.0% |
| Netherlands | 429 | 270 | 136 | 106 | -37.2% |
| Malaysia | 29.9 | 23.2 | 29.1 | 30.9 | 1.1% |
| Australia | 141 | 85.9 | 46.1 | 25.8 | -43.2% |
| Germany | 65.1 | 19.1 | 14.8 | 19.9 | -32.6% |
| Ireland | 98.0 | 35.1 | 23.5 | 17.5 | -43.7% |
| Thailand | 10.1 | 10.6 | 10.2 | 9.9 | -0.7% |
| Singapore | 13.8 | 6.1 | 5.6 | 5.5 | -26.4% |
| Others | 105 | 67.7 | 41.6 | 34.1 | -31.3% |
| Total | 1,542 | 916 | 788 | 578 | -27.9% |
Top Suppliers of Powdered, Condensed or Evaporated Milk to Hong Kong SAR in 2022:
- Netherlands (19.3K tons)
- New Zealand (17.2K tons)
- Malaysia (14.5K tons)
- Thailand (7.2K tons)
- China (6.8K tons)
- Australia (2.8K tons)
- Singapore (2.3K tons)
- Ireland (1.3K tons)
- Germany (1.2K tons)
Exports of Powdered, Condensed or Evaporated Milk in Hong Kong SAR
In 2022, exports of powdered, condensed or evaporated milk from Hong Kong SAR shrank rapidly to 19K tons, waning by -47.3% against 2021 figures. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 26%.
In value terms, powdered, condensed or evaporated milk exports shrank significantly to $363M in 2022. Overall, exports showed a precipitous shrinkage. The smallest decline of -10.8% was in 2021.
| Export of Powdered, Condensed or Evaporated Milk in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 781 | 410 | 364 | 293 | -27.9% |
| Macao SAR | 178 | 88.2 | 79.6 | 68.7 | -27.2% |
| Others | 1.0 | 0.5 | 0.5 | 0.8 | -7.2% |
| Total | 959 | 498 | 444 | 363 | -27.7% |
Top Export Markets for Powdered, Condensed or Evaporated Milk from Hong Kong SAR in 2022:
- China (14.0K tons)
- Macao SAR (5.2K tons)
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk 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 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow 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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Hong Kong SAR, China.
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This report provides an in-depth analysis of the market for evaporated and condensed milk in Hong Kong SAR, China.
328
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Hong Kong SAR, China.
398
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Hong Kong SAR, China.
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This report provides an in-depth analysis of the powdered milk market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the skim powdered milk market in Hong Kong SAR, China.
238
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Hong Kong SAR, China.
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This report provides an in-depth analysis of the whole powdered milk market in Hong Kong SAR, China.
1356
This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
1867
This report provides an in-depth analysis of the global market for evaporated and condensed milk.
249
In January 2023, the price of Powdered Milk was $12,484 CIF (Cost, Insurance, Freight) per ton in Hong Kong, a decrease of -1.5% from the previous month.
1310
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1708
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
301
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
231
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
249
In January 2023, the price of Powdered Milk was $12,484 CIF (Cost, Insurance, Freight) per ton in Hong Kong, a decrease of -1.5% from the previous month.
1310
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1708
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
301
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
231
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
