Hong Kong SAR, China - Whisky - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWhisky Price in Hong Kong SAR - 2023
Contents:
- Whisky Price in Hong Kong SAR (CIF) - 2022
- Whisky Price in Hong Kong SAR (FOB) - 2023
- Whisky Imports in Hong Kong SAR
- Whisky Exports in Hong Kong SAR
Whisky Price in Hong Kong SAR (CIF) - 2022
The average whisky import price stood at $26 per litre in 2022, picking up by 4.5% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whisky import price increased by +44.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($65 per litre), while the price for India ($2.9 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Whisky Price in Hong Kong SAR (FOB) - 2023
The average whisky export price stood at $83.2 per litre in June 2023, surging by 76% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 119% m-o-m. Over the period under review, the average export prices reached the peak figure at $106 per litre in September 2022; however, from October 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($138 per litre), while the average price for exports to Singapore ($39.9 per litre) 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 Indonesia (+118.5%), while the prices for the other major destinations experienced more modest paces of growth.
Whisky Imports in Hong Kong SAR
In 2022, the amount of whisky imported into Hong Kong SAR rose rapidly to 4.2M litres, increasing by 5.1% compared with the year before. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Imports peaked at 5M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, whisky imports expanded rapidly to $108M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. Over the period under review, imports reached the maximum at $110M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Whisky in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 29.0 | 21.6 | 28.1 | 36.7 | 8.2% |
| Singapore | 51.7 | 29.9 | 43.5 | 36.5 | -11.0% |
| China | 1.3 | 0.8 | 4.0 | 12.6 | 113.2% |
| Japan | 2.5 | 2.4 | 10.1 | 12.2 | 69.6% |
| United States | 2.9 | 1.6 | 5.3 | 4.1 | 12.2% |
| France | 7.7 | 0.7 | 0.5 | 0.4 | -62.7% |
| India | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Australia | 4.1 | N/A | N/A | N/A | 0% |
| Others | 11.1 | 3.0 | 6.3 | 4.8 | -24.4% |
| Total | 110 | 60.3 | 98.0 | 108 | -0.6% |
Top Suppliers of Whisky to Hong Kong SAR in 2022:
- United Kingdom (1961.3K litres)
- China (753.3K litres)
- Singapore (557.8K litres)
- United States (333.5K litres)
- Japan (203.6K litres)
- India (91.5K litres)
- France (69.1K litres)
- Australia (0.4K litres)
Whisky Exports in Hong Kong SAR
Whisky exports from Hong Kong SAR dropped to 3M litres in 2022, reducing by -7.9% compared with 2021 figures. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 313% against the previous year. As a result, the exports reached the peak of 3.3M litres, and then contracted in the following year.
In value terms, whisky exports amounted to $94M in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 147%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Whisky in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.0 | 17.4 | 57.2 | 39.2 | 21.2% |
| Macao SAR | 12.7 | 13.5 | 19.9 | 25.2 | 25.7% |
| Singapore | 1.6 | 1.5 | 7.0 | 8.1 | 71.7% |
| Russia | N/A | N/A | 3.7 | 7.1 | 91.9% |
| Mongolia | 1.4 | 1.3 | 0.8 | 3.2 | 31.7% |
| Netherlands | N/A | N/A | 1.0 | 2.6 | 160.0% |
| South Korea | 10.3 | 1.5 | 0.7 | 1.7 | -45.1% |
| United Kingdom | 0.6 | 0.7 | 0.9 | 1.5 | 35.7% |
| Australia | 3.0 | N/A | N/A | N/A | 0% |
| Others | 3.4 | 1.8 | 1.9 | 5.2 | 15.2% |
| Total | 55.0 | 37.7 | 93.1 | 93.7 | 19.4% |
Top Export Markets for Whisky from Hong Kong SAR in 2022:
- China (1465.5K litres)
- Macao SAR (505.6K litres)
- Singapore (472.6K litres)
- Mongolia (249.1K litres)
- Netherlands (71.6K litres)
- Russia (60.0K litres)
- United Kingdom (47.4K litres)
- South Korea (44.8K litres)
- Australia (2.1K litres)
This report provides an in-depth analysis of the whisky 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 11011030 - Whisky (important: excluding alcohol duty)
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
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