Hong Kong SAR, China - Biological Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Biological Product Market 2024
Biological Product Market Size in Hong Kong SAR, China
The Hong Kong biological product market declined to $X in 2023, falling by X% against the previous year. Overall, consumption, however, posted a mild expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.
Biological Product Production in Hong Kong SAR, China
In value terms, biological product production fell modestly to $X in 2023 estimated in export price. In general, production, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Biological product production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.
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Biological Product Exports
Exports from Hong Kong SAR, China
In 2023, after two years of decline, there was significant growth in shipments abroad of biological products, when their volume increased by X% to X tons. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.
In value terms, biological product exports surged to $X in 2023. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.
Exports by Country
China (X tons) was the main destination for biological product exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, biological product exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), sevenfold. Australia (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Australia (X% per year).
In value terms, China ($X), Macao SAR ($X) and Australia ($X) were the largest markets for biological product exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Italy, Brazil, the Philippines, Mexico, South Korea, Thailand and India lagged somewhat behind, together comprising a further X%.
Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average biological product export price amounted to $X per kg, falling by X% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2018 to 2023, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Macao SAR ($X per kg), while the average price for exports to India ($X per kg) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.
Biological Product Imports
Imports into Hong Kong SAR, China
After two years of decline, overseas purchases of biological products increased by X% to X tons in 2023. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, biological product imports soared to $X in 2023. In general, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
The Netherlands (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of biological product imports to Hong Kong SAR, with a combined X% share of total imports. Belgium, the United States, Thailand, Singapore, Australia, Ireland, Italy, France and Malaysia lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest biological product suppliers to Hong Kong SAR were Switzerland ($X), the United States ($X) and Germany ($X), together accounting for X% of total imports. The Netherlands, Singapore, Belgium, Ireland, Australia, France, Italy, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.
Among the main suppliers, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average biological product import price stood at $X per kg in 2023, waning by X% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per kg, and then shrank sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per kg), while the price for Thailand ($X per kg) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.
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This report provides an in-depth analysis of the biological product 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 21202120 -
- Prodcom 21202140 -
- Prodcom 21202145 - Vaccines for human medicine
- Prodcom 21202160 - Vaccines for veterinary medicine
- Prodcom 21106055 - Human blood, animal blood prepared for therapeutic, p rophylactic or diagnostic uses, cultures of micro-organisms, t oxins (excluding yeasts)
- Prodcom 21202320 - Blood-grouping reagents
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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