Hong Kong SAR, China - Skim Powdered Milk - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSkim Powdered Milk Price in Hong Kong SAR - 2023
Contents:
- Skim Powdered Milk Price in Hong Kong SAR (CIF) - 2022
- Skim Powdered Milk Price in Hong Kong SAR (FOB) - 2022
- Skim Powdered Milk Imports in Hong Kong SAR
- Skim Powdered Milk Exports in Hong Kong SAR
Skim Powdered Milk Price in Hong Kong SAR (CIF) - 2022
The average skim powdered milk import price stood at $4,789 per ton in 2022, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $6,313 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,982 per ton), while the price for Malaysia ($3,082 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Skim Powdered Milk Price in Hong Kong SAR (FOB) - 2022
In 2022, the average skim powdered milk export price amounted to $10,446 per ton, rising by 64% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, skim powdered milk export price increased by +97.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($11,147 per ton), while the average price for exports to China totaled $9,918 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.2%).
Skim Powdered Milk Imports in Hong Kong SAR
Skim powdered milk imports into Hong Kong SAR contracted to 5K tons in 2022, dropping by -12.1% compared with 2021 figures. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 8.6%.
In value terms, skim powdered milk imports totaled $24M in 2022. Over the period under review, imports saw a deep reduction.
Import of Skim Powdered Milk in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 8.8 | 7.3 | 9.2 | 8.1 | -2.7% |
China | 0.7 | 1.0 | 1.3 | 4.7 | 88.7% |
Australia | 9.8 | 11.3 | 4.6 | 2.9 | -33.4% |
Taiwan (Chinese) | 1.4 | 0.8 | 2.9 | 2.2 | 16.3% |
United States | 0.8 | 1.0 | 1.0 | 2.0 | 35.7% |
Netherlands | 2.0 | 1.8 | 1.7 | 1.9 | -1.7% |
Ireland | 1.1 | 0.4 | 1.3 | 0.7 | -14.0% |
Malaysia | 1.9 | 0.2 | 0.1 | N/A | -77.1% |
Others | 2.2 | 1.2 | 1.4 | 1.3 | -16.1% |
Total | 28.6 | 25.0 | 23.5 | 23.8 | -5.9% |
Top Suppliers of Skim Powdered Milk to Hong Kong SAR in 2022:
- New Zealand (1949.0 tons)
- China (670.1 tons)
- Australia (640.4 tons)
- United States (526.2 tons)
- Taiwan (Chinese) (333.4 tons)
- Netherlands (326.6 tons)
- Ireland (184.0 tons)
- Malaysia (2.8 tons)
Skim Powdered Milk Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of skim powdered milk, which decreased by -44.5% to 396 tons in 2022. Over the period under review, exports recorded a precipitous shrinkage. The smallest decline of -27.6% was in 2021.
In value terms, skim powdered milk exports declined to $4.1M in 2022. In general, exports saw a abrupt slump.
Export of Skim Powdered Milk in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.4 | 5.2 | 4.0 | 2.2 | -33.3% |
Macao SAR | 0.2 | 0.1 | 0.6 | 1.9 | 111.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 7.6 | 5.3 | 4.5 | 4.1 | -18.6% |
Top Export Markets for Skim Powdered Milk from Hong Kong SAR in 2022:
- China (226.1 tons)
- Macao SAR (170.0 tons)
This report provides an in-depth analysis of the skim powdered milk market 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 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
- 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
This report provides an in-depth analysis of the skim powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the whole powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global skim powdered milk market.
This report provides an in-depth analysis of the global powdered milk market.
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.
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.
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
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
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.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
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.
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.
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
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