Hong Kong SAR, China - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Hong Kong SAR - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Hong Kong SAR (CIF) - 2023
- Price for Sweetened Condensed and Evaporated Milk in Hong Kong SAR (FOB) - 2023
- Imports of Sweetened Condensed and Evaporated Milk in Hong Kong SAR
- Exports of Sweetened Condensed and Evaporated Milk in Hong Kong SAR
Price for Sweetened Condensed and Evaporated Milk in Hong Kong SAR (CIF) - 2023
The average import price for condensed or evaporated milk (sweetened) stood at $1,898 per ton in June 2023, shrinking by -18.4% against the previous month. Overall, the import price saw a slight setback. The pace of growth was the most pronounced in January 2023 when the average import price increased by 35% against the previous month. Over the period under review, average import prices reached the peak figure at $2,327 per ton in May 2023, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Taiwan (Chinese) ($3,477 per ton), while the price for Malaysia ($1,234 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) (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for condensed or evaporated milk (sweetened) amounted to $3,611 per ton, with an increase of 7.9% against the previous month. Overall, export price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% 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, sweetened condensed and evaporated milk export price increased by +73.3% against December 2022 indices. The most prominent rate of growth was recorded in July 2022 an increase of 51% against the previous month. As a result, the export price attained the peak level of $3,876 per ton. From August 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From June 2022 to June 2023, the rate of growth in terms of prices for Macao SAR amounted to +2.9% per month.
Imports of Sweetened Condensed and Evaporated Milk in Hong Kong SAR
In 2022, approx. 4.8K tons of condensed or evaporated milk (sweetened) were imported into Hong Kong SAR; dropping by -15.8% against the previous year. Overall, imports showed a abrupt slump. The smallest decline of less than 0.1% was in 2021.
In value terms, sweetened condensed and evaporated milk imports shrank to $9.5M in 2022. Over the period under review, imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 4% against the previous year. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sweetened Condensed and Evaporated Milk in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 3.3 | 3.1 | 3.2 | 3.3% |
| Thailand | 3.0 | 3.3 | 3.5 | 2.6 | -4.7% |
| Malaysia | 1.4 | 1.2 | 1.3 | 1.4 | 0.0% |
| Netherlands | 0.8 | 0.9 | 0.9 | 0.7 | -4.4% |
| Australia | 0.5 | 0.6 | 0.4 | 0.5 | 0.0% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Singapore | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
| Spain | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Total | 10.1 | 10.5 | 10.3 | 9.5 | -2.0% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Hong Kong SAR in 2022:
- Thailand (1681.8 tons)
- China (1136.7 tons)
- Malaysia (1039.1 tons)
- Netherlands (270.7 tons)
- Singapore (242.1 tons)
- Australia (185.9 tons)
- Taiwan (Chinese) (166.2 tons)
- Spain (19.7 tons)
Exports of Sweetened Condensed and Evaporated Milk in Hong Kong SAR
In 2022, shipments abroad of condensed or evaporated milk (sweetened) increased by 6.7% to 508 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern.
In value terms, sweetened condensed and evaporated milk exports expanded markedly to $1.5M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sweetened Condensed and Evaporated Milk in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,416 | 1,416 | 1,257 | 1,444 | 0.7% |
| China | 16.1 | N/A | N/A | 54.8 | 50.4% |
| Singapore | 54.3 | 65.8 | 66.7 | N/A | 10.8% |
| Others | 3.0 | 8.7 | N/A | 3.4 | 4.3% |
| Total | 1,490 | 1,491 | 1,323 | 1,502 | 0.3% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Hong Kong SAR in 2022:
- Macao SAR (489.8 tons)
- China (17.9 tons)
This report provides an in-depth analysis of the market for sweetened condensed and 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 896 - Skim Milk, Condensed
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
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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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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Hong Kong SAR, China.
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1717
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
1319
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