Hong Kong SAR, China - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in Hong Kong SAR - 2023
Contents:
- Powdered Milk Price in Hong Kong SAR (CIF) - 2023
- Powdered Milk Price in Hong Kong SAR (FOB) - 2023
- Powdered Milk Imports in Hong Kong SAR
- Powdered Milk Exports in Hong Kong SAR
Powdered Milk Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average powdered milk import price amounted to $14,601 per ton, with an increase of 5.7% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 19% against the previous month. Over the period under review, average import prices hit record highs at $15,250 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($26,817 per ton), while the price for the United States ($3,002 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Powdered Milk Price in Hong Kong SAR (FOB) - 2023
In August 2023, the average powdered milk export price amounted to $25,096 per ton, shrinking by -3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in February 2023 an increase of 21% month-to-month. The export price peaked at $25,989 per ton in July 2023, and then shrank in the following month.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was China ($25,395 per ton), while the average price for exports to Macao SAR stood at $24,545 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.2%).
Powdered Milk Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of powdered milk, which decreased by -21.6% to 37K tons in 2022. Overall, imports faced a precipitous decline. The smallest decline of -19% was in 2021.
In value terms, powdered milk imports dropped rapidly to $510M in 2022. Over the period under review, imports recorded a precipitous setback. The smallest decline of -15.3% was in 2021.
Import of Powdered Milk in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 285 | 244 | 238 | 209 | -9.8% |
China | 361 | 149 | 239 | 115 | -31.7% |
Netherlands | 397 | 240 | 106 | 80.1 | -41.3% |
Australia | 140 | 85.2 | 45.5 | 25.1 | -43.6% |
Germany | 65.0 | 18.9 | 14.6 | 19.7 | -32.8% |
Ireland | 98.0 | 35.1 | 23.5 | 17.5 | -43.7% |
Malaysia | 17.0 | 11.8 | 13.0 | 11.6 | -12.0% |
Taiwan (Chinese) | 12.2 | 8.0 | 8.7 | 9.4 | -8.3% |
Japan | 11.8 | 17.3 | 11.4 | 7.6 | -13.6% |
United States | 10.8 | 4.1 | 4.6 | 2.7 | -37.0% |
Others | 74.5 | 35.5 | 15.1 | 11.9 | -45.7% |
Total | 1,472 | 849 | 719 | 510 | -29.8% |
Top Suppliers of Powdered Milk to Hong Kong SAR in 2022:
- New Zealand (17.2K tons)
- China (4.8K tons)
- Netherlands (4.5K tons)
- Australia (2.5K tons)
- Malaysia (1.6K tons)
- Taiwan (Chinese) (1.3K tons)
- Ireland (1.3K tons)
- Germany (1.0K tons)
- Japan (0.6K tons)
- United States (0.6K tons)
Powdered Milk Exports in Hong Kong SAR
Powdered milk exports from Hong Kong SAR dropped rapidly to 17K tons in 2022, waning by -22.7% against the previous year. Over the period under review, exports recorded a precipitous curtailment. The smallest decline of -18.4% was in 2021.
In value terms, powdered milk exports contracted sharply to $358M in 2022. In general, exports faced a significant contraction. The smallest decline of -10.9% was in 2021.
Export of Powdered Milk in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 780 | 410 | 364 | 293 | -27.8% |
Macao SAR | 173 | 83.7 | 75.1 | 63.8 | -28.3% |
Others | 0.6 | 0.3 | 0.3 | 0.6 | 0.0% |
Total | 954 | 494 | 440 | 358 | -27.9% |
Top Export Markets for Powdered Milk from Hong Kong SAR in 2022:
- China (14.0K tons)
- Macao SAR (2.9K tons)
This report provides an in-depth analysis of the powdered milk 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 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
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, PRODUCING ANIMALS 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
- Producing Animals Slaughtered, 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
This report provides an in-depth analysis of the powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the skim powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Hong Kong SAR, China.
This report provides an in-depth analysis of the whole powdered milk market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global powdered milk market.
This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
In January 2023, the price of Powdered Milk was $12,484 CIF (Cost, Insurance, Freight) per ton in Hong Kong, a decrease of -1.5% from the previous month.
From 2017 to 2023, the growth of imports for Evaporated And Condensed Milk remained modest, with import values reaching $143M in 2023.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
In January 2023, the price of Powdered Milk was $12,484 CIF (Cost, Insurance, Freight) per ton in Hong Kong, a decrease of -1.5% from the previous month.
From 2017 to 2023, the growth of imports for Evaporated And Condensed Milk remained modest, with import values reaching $143M in 2023.
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.