Hong Kong SAR, China - Sweet Biscuits Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSweet Biscuit Price in Hong Kong SAR - 2023
Contents:
- Sweet Biscuit Price in Hong Kong SAR (FOB) - 2023
- Sweet Biscuit Price in Hong Kong SAR (CIF) - 2023
- Sweet Biscuit Exports in Hong Kong SAR
- Sweet Biscuit Imports in Hong Kong SAR
Sweet Biscuit Price in Hong Kong SAR (FOB) - 2023
The average sweet biscuit export price stood at $11,961 per ton in September 2023, rising by 24% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 40% m-o-m. The export price peaked at $12,011 per ton in December 2022; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was South Korea ($18,247 per ton), while the average price for exports to China ($10,774 per ton) 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 Macao SAR (+4.4%), while the prices for the other major destinations experienced a decline.
Sweet Biscuit Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average sweet biscuit import price amounted to $4,003 per ton, stabilizing at the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 22% month-to-month. The import price peaked at $6,023 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($8,528 per ton), while the price for India ($2,084 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Biscuit Exports in Hong Kong SAR
In 2022, approx. 5.7K tons of sweet biscuits were exported from Hong Kong SAR; which is down by -36.8% against 2021. In general, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. As a result, the exports attained the peak of 8.9K tons, and then dropped significantly in the following year.
In value terms, sweet biscuit exports declined dramatically to $55M in 2022. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, the exports reached the peak of $101M, and then shrank remarkably in the following year.
| Export of Sweet Biscuit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.8 | 40.8 | 83.7 | 38.2 | -0.5% |
| Macao SAR | 13.8 | 8.8 | 9.5 | 9.5 | -11.7% |
| South Korea | 0.4 | 1.3 | 2.0 | 2.2 | 76.5% |
| Singapore | 1.0 | 0.7 | 1.1 | 1.8 | 21.6% |
| Taiwan (Chinese) | 1.3 | 1.9 | 1.3 | 0.8 | -14.9% |
| Malaysia | 0.5 | 0.4 | 0.8 | 0.8 | 17.0% |
| Others | 2.0 | 1.6 | 3.1 | 2.1 | 1.6% |
| Total | 57.8 | 55.5 | 101 | 55.4 | -1.4% |
Top Export Markets for Sweet Biscuit from Hong Kong SAR in 2022:
- China (3558.1 tons)
- Macao SAR (1361.8 tons)
- Singapore (199.0 tons)
- South Korea (111.1 tons)
- Malaysia (98.0 tons)
- Taiwan (Chinese) (71.3 tons)
Sweet Biscuit Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of sweet biscuits, which decreased by -12.5% to 18K tons in 2022. Over the period under review, imports continue to indicate a abrupt slump. The smallest decline of -1.1% was in 2020.
In value terms, sweet biscuit imports declined to $86M in 2022. In general, imports showed a deep setback.
| Import of Sweet Biscuit in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.0 | 25.4 | 27.6 | 17.0 | -16.3% |
| China | 17.2 | 15.0 | 15.6 | 15.5 | -3.4% |
| Denmark | 22.5 | 13.3 | 15.8 | 13.1 | -16.5% |
| United Kingdom | 12.6 | 11.4 | 9.1 | 9.3 | -9.6% |
| Germany | 3.8 | 1.7 | 1.4 | 8.0 | 28.2% |
| Indonesia | 17.2 | 16.5 | 1.8 | 4.9 | -34.2% |
| Taiwan (Chinese) | 2.9 | 2.2 | 2.2 | 2.1 | -10.2% |
| Singapore | 2.2 | 1.4 | 1.5 | 1.7 | -8.2% |
| Thailand | 11.6 | 11.9 | 5.2 | 1.6 | -48.3% |
| Philippines | 1.1 | 1.2 | 1.2 | 1.3 | 5.7% |
| Malaysia | 3.7 | 2.3 | 1.5 | 1.2 | -31.3% |
| India | 0.6 | 0.6 | 0.4 | 0.6 | 0.0% |
| Others | 14.3 | 11.3 | 9.3 | 10.1 | -10.9% |
| Total | 139 | 114 | 92.7 | 86.5 | -14.6% |
Top Suppliers of Sweet Biscuit to Hong Kong SAR in 2022:
- China (5.4K tons)
- United Kingdom (2.3K tons)
- Japan (2.1K tons)
- Denmark (1.7K tons)
- Indonesia (1.1K tons)
- Germany (1.0K tons)
- Singapore (0.5K tons)
- Philippines (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Malaysia (0.4K tons)
- India (0.3K tons)
- Thailand (0.3K tons)
This report provides an in-depth analysis of the sweet biscuit 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 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
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
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In May 2023, the price of Sweet Biscuit was $8,931 per ton (FOB, Hong Kong), showing a decrease of 12.7% compared to the previous month.
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In January 2023, the price of waffle and wafer was $5,558 per ton (CIF, Hong Kong, China), recording a 4.9% increase from the previous month.
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