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Hong Kong SAR, China - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Food Price in Hong Kong SAR - 2023
Contents:
- Baby Food Price in Hong Kong SAR (CIF) - 2022
- Baby Food Price in Hong Kong SAR (FOB) - 2023
- Baby Food Imports in Hong Kong SAR
- Baby Food Exports in Hong Kong SAR
Baby Food Price in Hong Kong SAR (CIF) - 2022
In 2022, the average baby food import price amounted to $11,152 per ton, waning by -8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs at $14,096 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,109 per ton), while the price for Germany ($6,209 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Baby Food Price in Hong Kong SAR (FOB) - 2023
The average baby food export price stood at $23,505 per ton in June 2023, picking up by 7% against the previous month. Over the period from September 2022 to June 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2022 an increase of 18% against the previous month. As a result, the export price attained the peak level of $24,158 per ton. From November 2022 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($24,222 per ton), while the average price for exports to Macao SAR amounted to $15,501 per ton.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%).
Baby Food Imports in Hong Kong SAR
In 2022, approx. 3.1K tons of food preparations for infants were imported into Hong Kong SAR; waning by -50.7% against 2021. Overall, imports saw a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, imports reached the peak of 6.2K tons, and then plummeted in the following year.
In value terms, baby food imports fell remarkably to $34M in 2022. In general, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 59%.
Import of Baby Food in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 28.1 | 13.2 | 32.0 | 14.0 | -20.7% |
Germany | 1.5 | 4.7 | 23.2 | 10.1 | 88.8% |
United States | 21.1 | 7.8 | 4.8 | 2.5 | -50.9% |
Netherlands | 3.5 | 0.7 | 5.5 | 2.3 | -13.1% |
Ireland | 3.9 | 5.8 | 2.3 | 2.2 | -17.4% |
Australia | 4.8 | 1.9 | 2.9 | 1.5 | -32.1% |
Belgium | N/A | N/A | 1.0 | 0.8 | -20.0% |
New Zealand | 3.9 | 1.2 | 0.4 | 0.2 | -62.8% |
Austria | 3.5 | 7.5 | 0.8 | N/A | -52.2% |
Others | 5.6 | 4.8 | 2.7 | 0.7 | -50.0% |
Total | 75.9 | 47.6 | 75.6 | 34.2 | -23.3% |
Top Suppliers of Baby Food to Hong Kong SAR in 2022:
- Germany (1619.0 tons)
- China (581.3 tons)
- Australia (231.1 tons)
- United States (192.5 tons)
- Netherlands (156.7 tons)
- Ireland (124.0 tons)
- Belgium (82.2 tons)
- New Zealand (18.7 tons)
Baby Food Exports in Hong Kong SAR
Baby food exports from Hong Kong SAR shrank rapidly to 2.7K tons in 2022, waning by -43.4% against the previous year. In general, exports saw a sharp decrease. The smallest decline of -23% was in 2020.
In value terms, baby food exports dropped markedly to $48M in 2022. Over the period under review, exports showed a precipitous contraction. The smallest decline of -22.5% was in 2021.
Export of Baby Food in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 132 | 93.1 | 72.2 | 46.1 | -29.6% |
Macao SAR | 5.5 | 2.6 | 2.1 | 2.1 | -27.5% |
Others | 0.8 | 0.3 | 0.1 | N/A | -64.6% |
Total | 138 | 95.9 | 74.3 | 48.1 | -29.6% |
Top Export Markets for Baby Food from Hong Kong SAR in 2022:
- China (2555.6 tons)
- Macao SAR (120.6 tons)
This report provides an in-depth analysis of the baby food 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 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
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
This report provides an in-depth analysis of the baby food market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global baby food market.
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This report provides an in-depth analysis of the global market for malt extract and food preparations of flour, meal, and starch.
This report provides an in-depth analysis of the global mixes and doughs market.
This report provides an in-depth analysis of the baby food market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for malt extract and food preparations of flour, meal, and starch in Hong Kong SAR, China.
In January 2023, the price for malt extract and food preparations such as flour, meal, and starch totaled $3,393 per ton (CIF, Hong Kong, China), representing no change from the previous month.
The global baby food market is projected to experience a steady growth in both volume and value over the next seven years. The market is expected to reach 8.2 million tons in volume and $72.8 billion in value by 2030, driven by increasing demand for baby food worldwide.
Explore the top import markets for baby food and the key statistics of these markets. Know about the countries with the highest import values for baby food, such as China, Saudi Arabia, the United States, and more.
Explore the top import markets for malt extract and food preparations of flour, meal, and starch in the world. Find out which countries lead the way in importing these essential food ingredients.
In January 2023, the price for malt extract and food preparations such as flour, meal, and starch totaled $3,393 per ton (CIF, Hong Kong, China), representing no change from the previous month.
The global baby food market is projected to experience a steady growth in both volume and value over the next seven years. The market is expected to reach 8.2 million tons in volume and $72.8 billion in value by 2030, driven by increasing demand for baby food worldwide.
Explore the top import markets for baby food and the key statistics of these markets. Know about the countries with the highest import values for baby food, such as China, Saudi Arabia, the United States, and more.
Explore the top import markets for malt extract and food preparations of flour, meal, and starch in the world. Find out which countries lead the way in importing these essential food ingredients.