Report Hong Kong SAR, China - Wine and Grape Must - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 1, 2023

Hong Kong SAR, China - Wine and Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Wine Market 2023

Wine Market Size in Hong Kong SAR, China

The Hong Kong wine market contracted rapidly to $X in 2022, dropping by -24.7% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted notably in the following year.

Wine Production in Hong Kong SAR, China

In value terms, wine production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a slight downturn. The most prominent rate of growth was recorded in 2015 with an increase of 9.5%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Wine Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of wine and grape must increased by 49% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Over the period under review, the exports reached the maximum at X litres in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports surged to $X in 2022. In general, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 94% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X litres) was the main destination for wine exports from Hong Kong SAR, accounting for a 31% share of total exports. Moreover, wine exports to China exceeded the volume sent to the second major destination, Macao SAR (X litres), twofold.

From 2012 to 2022, the average annual growth rate of volume to China stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+6.2% per year) and Thailand (+24.3% per year).

In value terms, Macao SAR ($X), China ($X) and Thailand ($X) were the largest markets for wine exported from Hong Kong SAR worldwide, with a combined 35% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wine export price stood at $X per litre in 2022, falling by -3.2% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine export price increased by +10.7% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per litre. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per litre), while the average price for exports to China ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Hong Kong SAR, China

In 2022, the amount of wine and grape must imported into Hong Kong SAR declined to X litres, which is down by -13.8% against 2021. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of 20%. As a result, imports attained the peak of X litres. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, wine imports dropped dramatically to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 40%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X litres), France (X litres) and Italy (X litres) were the main suppliers of wine imports to Hong Kong SAR, with a combined 30% share of total imports. These countries were followed by the United States, Singapore, Chile, Spain, New Zealand, the UK, China and Germany, which together accounted for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +8.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of wine and grape must to Hong Kong SAR, comprising 18% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.9% share of total imports. It was followed by Australia, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.5% per year) and Australia (+7.2% per year).

Import Prices by Country

In 2022, the average wine import price amounted to $X per litre, falling by -13.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 an increase of 18%. As a result, import price reached the peak level of $X per litre, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for wine and grape must in the world?
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The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 46% share of global consumption. Pakistan, Germany, the UK, Indonesia, Italy, France, Canada, Egypt and Australia lagged somewhat behind, together comprising a further 26%.
What are the largest producers of wine and grape must in the world?
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China constituted the country with the largest volume of wine production, comprising approx. 24% of total volume. Moreover, wine production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 11% share.
What are the leading suppliers of wine and grape must to Hong Kong SAR, China?
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In value terms, France constituted the largest supplier of wine and grape must to Hong Kong SAR, comprising 18% of total imports. The second position in the ranking was taken by the UK, with a 7.9% share of total imports. It was followed by Australia, with a 6.4% share.
What are the leading importers of wine and grape must from Hong Kong SAR, China?
+
In value terms, Macao SAR, China and Thailand constituted the largest markets for wine exported from Hong Kong SAR worldwide, with a combined 35% share of total exports.
What is the average export price for wine and grape must in Hong Kong SAR, China?
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In 2022, the average wine export price amounted to $19 per litre, shrinking by -3.2% against the previous year.
What is the average import price for wine and grape must in Hong Kong SAR, China?
+
The average wine import price stood at $29 per litre in 2022, with a decrease of -13.1% against the previous year.

This report provides an in-depth analysis of the wine 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 564 - Wine
• FCL 563 - Must of Grape
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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