Hong Kong SAR, China - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in Hong Kong SAR - 2023
Contents:
- Price for Evaporated and Condensed Milk in Hong Kong SAR (CIF) - 2023
- Price for Evaporated and Condensed Milk in Hong Kong SAR (FOB) - 2023
- Imports of Evaporated and Condensed Milk in Hong Kong SAR
- Exports of Evaporated and Condensed Milk in Hong Kong SAR
Price for Evaporated and Condensed Milk in Hong Kong SAR (CIF) - 2023
The average evaporated and condensed milk import price stood at $1,626 per ton in June 2023, dropping by -4.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 7.3% against the previous month. As a result, import price attained the peak level of $1,760 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($2,483 per ton), while the price for Thailand ($1,351 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Evaporated and Condensed Milk in Hong Kong SAR (FOB) - 2023
The average evaporated and condensed milk export price stood at $2,504 per ton in June 2023, jumping by 25% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($3,103 per ton), while the average price for exports to Taiwan (Chinese) ($1,607 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Evaporated and Condensed Milk in Hong Kong SAR
In 2022, the amount of evaporated and condensed milk imported into Hong Kong SAR contracted to 41K tons, falling by -10% against the previous year's figure. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 4.6% against the previous year.
In value terms, evaporated and condensed milk imports amounted to $69M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 3.1% against the previous year.
Import of Evaporated and Condensed Milk in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 32.3 | 30.2 | 30.0 | 25.5 | -7.6% |
Malaysia | 13.0 | 11.4 | 16.1 | 19.2 | 13.9% |
Thailand | 9.5 | 10.5 | 10.2 | 9.7 | 0.7% |
China | 4.1 | 4.3 | 4.1 | 5.1 | 7.5% |
Singapore | 4.2 | 3.7 | 3.9 | 3.9 | -2.4% |
Lithuania | 4.5 | 3.7 | 2.2 | 2.6 | -16.7% |
Others | 2.4 | 2.6 | 2.0 | 2.5 | 1.4% |
Total | 70.1 | 66.4 | 68.5 | 68.5 | -0.8% |
Top Suppliers of Evaporated and Condensed Milk to Hong Kong SAR in 2022:
- Netherlands (14.8K tons)
- Malaysia (12.8K tons)
- Thailand (7.1K tons)
- Singapore (2.2K tons)
- China (1.9K tons)
- Lithuania (1.3K tons)
Exports of Evaporated and Condensed Milk in Hong Kong SAR
In 2022, the amount of evaporated and condensed milk exported from Hong Kong SAR dropped to 2.4K tons, flattening at 2021. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 2.6% against the previous year.
In value terms, evaporated and condensed milk exports expanded sharply to $5.1M in 2022. In general, exports continue to indicate a noticeable shrinkage.
Export of Evaporated and Condensed Milk in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 5.1 | 4.5 | 4.4 | 4.9 | -1.3% |
China | 0.4 | N/A | N/A | 0.1 | -37.0% |
Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
Total | 5.8 | 4.7 | 4.6 | 5.1 | -4.2% |
Top Export Markets for Evaporated and Condensed Milk from Hong Kong SAR in 2022:
- Macao SAR (2292.7 tons)
- Taiwan (Chinese) (68.1 tons)
- China (17.9 tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk 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 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
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
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From 2017 to 2023, the growth of imports for Evaporated And Condensed Milk remained modest, with import values reaching $143M in 2023.
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.