Hong Kong SAR, China: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Hong Kong SAR, China

The Hong Kong uncooked pasta market dropped to $X in 2021, reducing by -5.3% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.0% against 2017 indices. Uncooked pasta consumption peaked at $X in 2020, and then fell in the following year.

Uncooked Pasta Production in Hong Kong SAR, China

In value terms, uncooked pasta production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 14% against the previous year. Uncooked pasta production peaked at $X in 2020, and then fell slightly in the following year.

Uncooked Pasta Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of uncooked pasta (containing eggs) were exported from Hong Kong SAR; shrinking by -43.4% against the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, uncooked pasta exports shrank notably to $X in 2021. In general, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for uncooked pasta exports from Hong Kong SAR, accounting for a 85% share of total exports. Moreover, uncooked pasta exports to Macao SAR exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-11.1% per year) and Singapore (-33.0% per year).

In value terms, Macao SAR ($X) remains the key foreign market for uncooked pasta (containing eggs) exports from Hong Kong SAR, comprising 87% of total exports. The second position in the ranking was held by Singapore ($X), with a 3.8% share of total exports. It was followed by Australia, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to Macao SAR totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-27.6% per year) and Australia (-12.4% per year).

Export Prices by Country

In 2021, the average uncooked pasta export price amounted to $X per ton, which is down by -1.6% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, uncooked pasta export price increased by +50.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Hong Kong SAR, China

In 2021, uncooked pasta imports into Hong Kong SAR dropped slightly to X tons, waning by -4.4% against the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, uncooked pasta imports surged to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), South Korea (X tons) and China (X tons) were the main suppliers of uncooked pasta imports to Hong Kong SAR, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +162.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta suppliers to Hong Kong SAR were South Korea ($X), Italy ($X) and China ($X), with a combined 81% share of total imports.

South Korea, with a CAGR of +156.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average uncooked pasta import price amounted to $X per ton, surging by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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