Hong Kong SAR, China - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWaffle and Wafer Price in Hong Kong SAR - 2023
Contents:
- Waffle and Wafer Price in Hong Kong SAR (CIF) - 2023
- Waffle and Wafer Price in Hong Kong SAR (FOB) - 2023
- Waffle and Wafer Imports in Hong Kong SAR
- Waffle and Wafer Exports in Hong Kong SAR
Waffle and Wafer Price in Hong Kong SAR (CIF) - 2023
The average waffle and wafer import price stood at $3,855 per ton in June 2023, shrinking by -23.7% against the previous month. Overall, the import price saw a slight descent. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 24% m-o-m. Over the period under review, average import prices hit record highs at $5,903 per ton in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Singapore ($7,880 per ton), while the price for China ($2,621 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 Indonesia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Waffle and Wafer Price in Hong Kong SAR (FOB) - 2023
The average waffle and wafer export price stood at $6,272 per ton in June 2023, falling by -14.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 67% month-to-month. The export price peaked at $10,336 per ton in January 2023; however, from February 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Macao SAR ($9,098 per ton), while the average price for exports to Australia ($4,971 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Waffle and Wafer Imports in Hong Kong SAR
In 2022, imports of waffles and wafers into Hong Kong SAR contracted to 1.6K tons, shrinking by -8.1% compared with the previous year. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 4.4% against the previous year.
In value terms, waffle and wafer imports dropped to $7.2M in 2022. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 4.5%.
| Import of Waffle and Wafer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,128 | 2,228 | 2,555 | 2,868 | 10.5% |
| China | 2,453 | 2,076 | 2,087 | 2,179 | -3.9% |
| Thailand | 667 | 468 | 400 | 358 | -18.7% |
| Indonesia | 1,593 | 467 | 412 | 356 | -39.3% |
| United Kingdom | 169 | 447 | 561 | 278 | 18.0% |
| Germany | 412 | 131 | 184 | 215 | -19.5% |
| Japan | 904 | 484 | 462 | 209 | -38.6% |
| Australia | 111 | 80.2 | 50.9 | 172 | 15.7% |
| Netherlands | 945 | 189 | 57.1 | 148 | -46.1% |
| Taiwan (Chinese) | 1,332 | 187 | 124 | 73.4 | -61.9% |
| Singapore | 816 | 79.3 | 330 | 5.4 | -81.2% |
| Others | 1,062 | 450 | 391 | 351 | -30.9% |
| Total | 12,592 | 7,286 | 7,614 | 7,213 | -16.9% |
Top Suppliers of Waffle and Wafer to Hong Kong SAR in 2022:
- China (779.6 tons)
- Italy (484.8 tons)
- Indonesia (94.8 tons)
- Thailand (49.6 tons)
- United Kingdom (34.9 tons)
- Australia (29.7 tons)
- Japan (24.8 tons)
- Germany (24.3 tons)
- Netherlands (18.5 tons)
- Taiwan (Chinese) (8.3 tons)
- Singapore (1.8 tons)
Waffle and Wafer Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of waffles and wafers, which decreased by -28.9% to 229 tons in 2022. Overall, exports faced a dramatic curtailment. The smallest decline of -20.4% was in 2021.
In value terms, waffle and wafer exports fell sharply to $1.5M in 2022. Over the period under review, exports showed a precipitous curtailment. The smallest decline of -18.5% was in 2021.
| Export of Waffle and Wafer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,366 | 1,715 | 837 | 707 | -40.6% |
| Macao SAR | 806 | 518 | 640 | 602 | -9.3% |
| Australia | 184 | 102 | 160 | 141 | -8.5% |
| Taiwan (Chinese) | 71.7 | 70.7 | 18.4 | 17.2 | -37.9% |
| Canada | N/A | 15.0 | 22.1 | N/A | 47.3% |
| Others | 121 | 51.1 | 337 | 43.5 | -28.9% |
| Total | 4,548 | 2,472 | 2,014 | 1,510 | -30.8% |
Top Export Markets for Waffle and Wafer from Hong Kong SAR in 2022:
- China (126.0 tons)
- Macao SAR (66.4 tons)
- Australia (31.5 tons)
- Taiwan (Chinese) (3.2 tons)
This report provides an in-depth analysis of the waffle and wafer 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 10721259 - Waffles and wafers (including salted) (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
305
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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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