Hong Kong SAR, China - Sugary Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugary Soft Drink Price in Hong Kong SAR - 2023
Contents:
- Sugary Soft Drink Price in Hong Kong SAR (CIF) - 2023
- Sugary Soft Drink Price in Hong Kong SAR (FOB) - 2023
- Sugary Soft Drink Imports in Hong Kong SAR
- Sugary Soft Drink Exports in Hong Kong SAR
Sugary Soft Drink Price in Hong Kong SAR (CIF) - 2023
The average sugary soft drink import price stood at $660 per thousand litres in August 2023, falling by -11.9% against the previous month. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 18% m-o-m. The import price peaked at $766 per thousand litres in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($1.6 per litre), while the price for China ($570 per thousand litres) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Sugary Soft Drink Price in Hong Kong SAR (FOB) - 2023
In August 2023, the average sugary soft drink export price amounted to $879 per thousand litres, surging by 3.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 11% against the previous month. The export price peaked at $1.0 per litre in November 2022; however, from December 2022 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($1.1 per litre), while the average price for exports to China ($604 per thousand litres) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sugary Soft Drink Imports in Hong Kong SAR
After three years of growth, overseas purchases of sugary soft drinks decreased by -29% to 35M litres in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 5.6%. As a result, imports reached the peak of 49M litres, and then shrank markedly in the following year.
In value terms, sugary soft drink imports shrank sharply to $26M in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 8.8% against the previous year. Imports peaked at $33M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Sugary Soft Drink in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.1 | 16.0 | 16.5 | 16.3 | -5.1% |
| Japan | 3.3 | 3.7 | 2.9 | 2.7 | -6.5% |
| Taiwan (Chinese) | 1.2 | 2.3 | 2.8 | 1.2 | 0.0% |
| Italy | 1.1 | 1.1 | 1.2 | 0.9 | -6.5% |
| Malaysia | 0.3 | 1.5 | 0.9 | 0.9 | 44.2% |
| Indonesia | 0.9 | 1.1 | 3.0 | 0.4 | -23.7% |
| Vietnam | 0.2 | 0.6 | 0.7 | 0.4 | 26.0% |
| South Korea | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Others | 6.8 | 3.5 | 4.1 | 2.7 | -26.5% |
| Total | 33.0 | 30.1 | 32.7 | 25.8 | -7.9% |
Top Suppliers of Sugary Soft Drink to Hong Kong SAR in 2022:
- China (26.9M litres)
- Japan (1.4M litres)
- Malaysia (1.2M litres)
- Italy (1.0M litres)
- Taiwan (Chinese) (1.0M litres)
- Vietnam (0.6M litres)
- Indonesia (0.5M litres)
- South Korea (0.5M litres)
Sugary Soft Drink Exports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of sugary soft drinks, when their volume decreased by -20.6% to 17M litres. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. Over the period under review, the exports attained the maximum at 21M litres in 2021, and then plummeted in the following year.
In value terms, sugary soft drink exports contracted to $15M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $17M, and then shrank in the following year.
| Export of Sugary Soft Drink in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 5.1 | 6.7 | 6.6 | 6.8 | 10.1% |
| Mongolia | 4.7 | 3.5 | 3.0 | 4.6 | -0.7% |
| China | 3.4 | 4.4 | 6.4 | 2.6 | -8.6% |
| Northern Mariana Islands | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 1.0 | 0.9 | 1.2 | 1.0 | 0.0% |
| Total | 14.3 | 15.7 | 17.4 | 15.2 | 2.1% |
Top Export Markets for Sugary Soft Drink from Hong Kong SAR in 2022:
- Mongolia (5.9M litres)
- Macao SAR (5.7M litres)
- China (4.2M litres)
- Northern Mariana Islands (0.3M litres)
This report provides an in-depth analysis of the sugary 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)
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
444
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