Hong Kong SAR, China - Coffee (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGreen Coffee Price in Hong Kong SAR - 2023
Contents:
- Green Coffee Price in Hong Kong SAR (CIF) - 2022
- Green Coffee Price in Hong Kong SAR (FOB) - 2023
- Green Coffee Imports in Hong Kong SAR
- Green Coffee Exports in Hong Kong SAR
Green Coffee Price in Hong Kong SAR (CIF) - 2022
In 2022, the average green coffee import price amounted to $5,173 per ton, picking up by 38% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green coffee import price increased by +81.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($9,258 per ton), while the price for Vietnam ($2,348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Green Coffee Price in Hong Kong SAR (FOB) - 2023
In August 2023, the average green coffee export price amounted to $4,459 per ton, declining by -8.6% against the previous month. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in April 2023 an increase of 59% month-to-month. Over the period under review, the average export prices attained the peak figure at $10,505 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($14,196 per ton), while the average price for exports to China ($2,204 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Green Coffee Imports in Hong Kong SAR
In 2022, the amount of coffee (green) imported into Hong Kong SAR rose significantly to 5.1K tons, surging by 6.8% on the year before. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, green coffee imports surged to $27M in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 63%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
Import of Green Coffee in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 2.9 | 2.2 | 2.3 | 5.2 | 21.5% |
Indonesia | 2.2 | 1.6 | 2.1 | 3.3 | 14.5% |
Ethiopia | 1.1 | 0.9 | 2.7 | 2.9 | 38.1% |
Colombia | 1.1 | 0.8 | 0.9 | 2.9 | 38.1% |
Vietnam | 1.3 | 1.1 | 1.6 | 2.0 | 15.4% |
Honduras | 0.4 | 0.4 | 0.7 | 1.7 | 62.0% |
China | 0.4 | 0.7 | 2.7 | 1.4 | 51.8% |
Guatemala | 0.4 | 0.3 | 0.7 | 1.0 | 35.7% |
Peru | 0.2 | 0.3 | 0.3 | 0.7 | 51.8% |
South Korea | 0.3 | 0.3 | 0.5 | 0.7 | 32.6% |
Macao SAR | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
India | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
Others | 2.2 | 2.1 | 3.2 | 4.3 | 25.0% |
Total | 13.0 | 11.1 | 18.0 | 26.6 | 27.0% |
Top Suppliers of Green Coffee to Hong Kong SAR in 2022:
- Brazil (1025.1 tons)
- Indonesia (1014.0 tons)
- Vietnam (839.3 tons)
- Ethiopia (384.0 tons)
- Colombia (328.0 tons)
- Honduras (284.8 tons)
- China (237.3 tons)
- Guatemala (129.5 tons)
- Peru (113.0 tons)
- South Korea (103.0 tons)
- Macao SAR (82.4 tons)
- India (77.9 tons)
Green Coffee Exports in Hong Kong SAR
In 2022, the amount of coffee (green) exported from Hong Kong SAR soared to 507 tons, increasing by 34% compared with 2021 figures. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, green coffee exports surged to $3.6M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
Export of Green Coffee in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 573 | 900 | 926 | 618 | 2.6% |
Macao SAR | 304 | 444 | 360 | 605 | 25.8% |
Japan | N/A | 225 | 148 | 437 | 39.4% |
South Korea | 25.4 | N/A | 247 | 396 | 149.8% |
Singapore | 71.4 | 368 | 102 | 361 | 71.6% |
United Arab Emirates | 3.7 | 64.5 | N/A | 245 | 304.6% |
Indonesia | N/A | N/A | 13.2 | 199 | 1407.6% |
Others | 271 | 219 | 252 | 752 | 40.5% |
Total | 1,249 | 2,221 | 2,048 | 3,611 | 42.5% |
Top Export Markets for Green Coffee from Hong Kong SAR in 2022:
- China (120.3 tons)
- Macao SAR (101.7 tons)
- South Korea (71.9 tons)
- Japan (55.6 tons)
- Singapore (35.6 tons)
- Indonesia (23.5 tons)
- United Arab Emirates (20.7 tons)
This report provides an in-depth analysis of the green coffee 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 656 - Coffee green
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
- 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, HARVESTED AREA 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
- Area Harvested, 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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The most significant growth rate was observed in March 2023, showing a 37% month-to-month increase. The value of roasted coffee imports decreased to $3.9M in October 2023.
Explore the top import markets for green coffee beans and their key statistics. The United States, Germany, Italy, Japan, and Switzerland lead the way in satisfying the global demand for quality green coffee. Discover the trends and market insights on IndexBox market intelligence platform.
Coffee prices remain highly volatile. In 2022, the average annual price for Arabica is forecast to decline thanks to expected production growth, while Robusta price will go up on skyrocketed demand from consumers, preferring cheaper alternatives to more expensive counterparts.
Global prices for coffee have skyrocketed to a seven-year high, driven by fears of a significant reduction in production in Brazil due to freezes and the depletion of global stocks. Further growth in prices for the product will be stimulated by the reduction in production in other leading supplying countries such as Honduras and Indonesia, coupled with increased freight costs. A decrease in coffee production will lead to a fall in global exports by -4% y-o-y, which could lead to local imbalances in supply and demand and drive up consumer prices in key European and American markets.
Coffee yield figures remained robust in 2020 and coffee bean exports increased, despite the disruption to supply chains caused by the Coronavirus restrictions. Home coffee consumption surged, thereby helping to offset the slump in sales following the closure of the HoReCa segment. Average coffee prices remained growing gradually through to Q1 2021.
Global green coffee consumption amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global green coffee exports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
Global green coffee imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
In 2015, the countries with the highest levels of green coffee production were Brazil (X thousand tons), Vietnam (X thousand tons), Colombia (X thousand tons), together accounting for X% of total output.
Brazil continued its dominance in the global green coffee trade. In 2014, Brazil exported X thousand tons of green coffee totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it