Hong Kong SAR, China - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoft Drink Price in Hong Kong SAR - 2023
Contents:
- Soft Drink Price in Hong Kong SAR (CIF) - 2023
- Soft Drink Price in Hong Kong SAR (FOB) - 2023
- Soft Drink Imports in Hong Kong SAR
- Soft Drink Exports in Hong Kong SAR
Soft Drink Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average soft drink import price amounted to $1.2 per litre, growing by 18% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.4%. The import price peaked at $1.2 per litre in May 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($1.4 per litre), while the price for Taiwan (Chinese) ($847 per thousand litres) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Soft Drink Price in Hong Kong SAR (FOB) - 2023
The average soft drink export price stood at $1.4 per litre in September 2023, with a decrease of -15.4% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 47% against the previous month. Over the period under review, the average export prices reached the maximum at $2.1 per litre in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was China ($2.1 per litre), while the average price for exports to Singapore ($744 per thousand litres) 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 the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Soft Drink Imports in Hong Kong SAR
In 2022, approx. 297M litres of soft drinks were imported into Hong Kong SAR; almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 300M litres, and then fell in the following year.
In value terms, soft drink imports amounted to $305M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 9.7% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Soft Drink in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 118 | 109 | 116 | 125 | 1.9% |
Japan | 31.6 | 33.4 | 42.7 | 44.9 | 12.4% |
Taiwan (Chinese) | 27.9 | 27.0 | 29.6 | 26.7 | -1.5% |
Thailand | 10.9 | 11.5 | 15.3 | 15.2 | 11.7% |
South Korea | 16.7 | 18.4 | 17.0 | 13.8 | -6.2% |
Malaysia | 3.4 | 5.2 | 6.7 | 6.3 | 22.8% |
Indonesia | 2.8 | 4.3 | 7.6 | 5.9 | 28.2% |
Others | 85.5 | 64.1 | 64.8 | 67.6 | -7.5% |
Total | 297 | 273 | 300 | 305 | 0.9% |
Top Suppliers of Soft Drink to Hong Kong SAR in 2022:
- China (177.2M litres)
- Taiwan (Chinese) (30.5M litres)
- Japan (29.2M litres)
- Thailand (11.4M litres)
- Malaysia (8.1M litres)
- South Korea (8.1M litres)
- Indonesia (5.6M litres)
Soft Drink Exports in Hong Kong SAR
In 2022, approx. 101M litres of soft drinks were exported from Hong Kong SAR; shrinking by -8.9% compared with 2021. Over the period under review, exports recorded a abrupt slump. The exports peaked at 150M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, soft drink exports expanded notably to $128M in 2022. In general, exports saw a abrupt curtailment. Over the period under review, the exports attained the maximum at $165M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Soft Drink in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 88.1 | 49.0 | 50.7 | 56.6 | -13.7% |
Macao SAR | 46.1 | 43.5 | 41.2 | 42.9 | -2.4% |
United States | 4.4 | 4.7 | 4.1 | 5.3 | 6.4% |
Mongolia | 4.7 | 3.5 | 3.0 | 4.6 | -0.7% |
Papua New Guinea | 3.0 | 2.5 | 2.7 | 3.4 | 4.3% |
Canada | 2.1 | 2.5 | 2.2 | 2.6 | 7.4% |
Singapore | 2.4 | 2.5 | 2.7 | 2.1 | -4.4% |
United Kingdom | 1.9 | 1.6 | 1.7 | 2.0 | 1.7% |
Australia | 2.9 | 1.9 | 1.4 | 1.8 | -14.7% |
Philippines | 4.7 | 1.6 | 1.4 | 1.7 | -28.8% |
Others | 4.2 | 3.7 | 4.6 | 4.9 | 5.3% |
Total | 165 | 117 | 116 | 128 | -8.1% |
Top Export Markets for Soft Drink from Hong Kong SAR in 2022:
- China (34.3M litres)
- Macao SAR (31.2M litres)
- United States (7.9M litres)
- Mongolia (5.9M litres)
- Papua New Guinea (4.1M litres)
- Canada (3.3M litres)
- Singapore (3.1M litres)
- Philippines (2.3M litres)
- United Kingdom (2.2M litres)
- Australia (1.7M litres)
This report provides an in-depth analysis of the soft drink 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:
- Prodcom 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
- Prodcom 11071950 - z Non-alcoholic beverages not containing milk fat (excluding sweetened or unsweetened mineral, aerated or flavoured waters)
- Prodcom 11071970 - Non-alcoholic beverages containing milk fat
- Prodcom 110000Z1 - Non-alcoholic beverages, not containing milk, milk products and fats derived therefrom (excl. water, fruit or vegetable juices)
- Prodcom 11051010 - Non-alcoholic beer and beer containing . 0.5% alcohol
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
This report provides an in-depth analysis of the soft drink market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for non-alcoholic beverage, not containing milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the sugary soft drink market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global soft drink market.
This report provides an in-depth analysis of the global market for non-alcoholic beverage, not containing milk.
This report provides an in-depth analysis of the global sugary soft drink market.
This report provides an in-depth analysis of the soft drink market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for non-alcoholic beverage, not containing milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the sugary soft drink market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global soft drink market.
Discover the top import markets for soft drinks and key statistics on global import values. Explore the opportunities in the soft drink industry.
From the shift towards healthier lifestyles to the rise of functional beverages, read on to discover the latest consumer trends shaping the carbonated soft drinks market. We'll also dive into the key findings of the IndexBox market report and provide a list of the top companies and brands in the industry.
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Discover the top import markets for soft drinks and key statistics on global import values. Explore the opportunities in the soft drink industry.
From the shift towards healthier lifestyles to the rise of functional beverages, read on to discover the latest consumer trends shaping the carbonated soft drinks market. We'll also dive into the key findings of the IndexBox market report and provide a list of the top companies and brands in the industry.
In value terms, fruit juices imports totaled $X in 2016. Overall, fruit juices imports continue to indicate a relatively flat trend pattern. In that year, global fruit juices imports attained its ma...
In value terms, fruit juices exports amounted to $X in 2016. Overall, fruit juices exports continue to indicate a relatively flat trend pattern. In that year, global fruit juices exports reached its...