Hong Kong SAR, China - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhole Fresh Milk Price in Hong Kong SAR - 2023
Contents:
- Whole Fresh Milk Price in Hong Kong SAR (CIF) - 2023
- Whole Fresh Milk Price in Hong Kong SAR (FOB) - 2023
- Whole Fresh Milk Imports in Hong Kong SAR
- Whole Fresh Milk Exports in Hong Kong SAR
Whole Fresh Milk Price in Hong Kong SAR (CIF) - 2023
The average whole fresh milk import price stood at $1,180 per ton in June 2023, with a decrease of -1.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 4.2% against the previous month. As a result, import price attained the peak level of $1,204 per ton; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,026 per ton), while the price for Belgium ($589 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Whole Fresh Milk Price in Hong Kong SAR (FOB) - 2023
The average whole fresh milk export price stood at $2,032 per ton in June 2023, increasing by 1.6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 4.6% m-o-m. The export price peaked at $2,207 per ton in September 2022; however, from October 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was China ($2,097 per ton), while the average price for exports to Macao SAR stood at $2,028 per ton.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-0.9%).
Whole Fresh Milk Imports in Hong Kong SAR
Whole fresh milk imports into Hong Kong SAR was estimated at 89K tons in 2022, flattening at the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1.3%. As a result, imports attained the peak of 89K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, whole fresh milk imports reached $103M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 4.4%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Whole Fresh Milk in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 16.8 | 21.7 | 23.0 | 28.2 | 18.8% |
| China | 20.9 | 21.4 | 21.4 | 23.1 | 3.4% |
| Australia | 20.6 | 17.2 | 18.7 | 15.4 | -9.2% |
| Japan | 10.0 | 12.4 | 12.3 | 12.1 | 6.6% |
| Vietnam | 8.7 | 9.1 | 8.0 | 7.1 | -6.5% |
| France | 1.2 | 2.0 | 2.6 | 2.9 | 34.2% |
| Belgium | 2.1 | 2.5 | 1.8 | 1.9 | -3.3% |
| Others | 15.8 | 13.9 | 11.2 | 12.5 | -7.5% |
| Total | 96.1 | 100 | 99.0 | 103 | 2.3% |
Top Suppliers of Whole Fresh Milk to Hong Kong SAR in 2022:
- China (23.9K tons)
- Thailand (21.3K tons)
- Australia (11.6K tons)
- Vietnam (7.9K tons)
- Japan (6.1K tons)
- France (3.6K tons)
- Belgium (3.1K tons)
Whole Fresh Milk Exports in Hong Kong SAR
In 2022, shipments abroad of whole fresh milk was finally on the rise to reach 6.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep contraction.
In value terms, whole fresh milk exports expanded slightly to $14M in 2022. Overall, exports, however, recorded a deep downturn.
| Export of Whole Fresh Milk in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 14.5 | 13.5 | 13.8 | 14.3 | -0.5% |
| China | 2.2 | 0.3 | 0.1 | 0.1 | -64.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 16.8 | 13.8 | 13.9 | 14.4 | -5.0% |
Top Export Markets for Whole Fresh Milk from Hong Kong SAR in 2022:
- Macao SAR (6.8K tons)
- China (0.1K tons)
This report provides an in-depth analysis of the whole fresh milk 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:
- FCL 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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This report provides an in-depth analysis of the whole fresh milk market in Hong Kong SAR, China.
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The January 2023 price of fresh milk per ton (CIF, Hong Kong, China) was $1,182 - unchanged from the previous month.
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In November 2023, the import of Milk reached a record high with a value of $10M.
312
Explore the top import markets for whole fresh milk and their import values. Germany, China, Netherlands, Belgium, Italy, and more lead the global market. Discover key statistics and insights using data from the IndexBox market intelligence platform.
968
The global whole fresh milk market is estimated at $798.4B in 2018, an increase of 1.7% from 2017.
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From the shift towards plant-based alternatives to the growing demand for organic and sustainable milk products, the milk market is undergoing significant changes.
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The global milk market reduced to $778.1B in 2021, remaining constant against the previous year.
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Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tons by the end of 2030.
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Germany dominated in the global milk trade in 2014. In 2014, Germany exported X thousand tons of milk totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total milk exports in
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Developing countries are expected to display positive dynamics in per capita consumption of dairy products, due to robust income growth, expanding populations and a further globalization of diets.
