Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (FOB) - 2022
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (CIF) - 2022
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $7,757 per ton, reducing by -7.4% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. The export price peaked at $9,838 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($7,775 per ton), while the average price for exports to Macao SAR totaled $1,786 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.8%).
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $3,864 per ton in 2022, jumping by 17% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 775%. As a result, import price attained the peak level of $22,841 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($19,723 per ton), while the price for Canada totaled $2,401 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+99.7%), while the prices for the other major suppliers experienced a decline.
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5%, when their volume decreased by -38% to 438 tons. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% dropped notably to $3.4M in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year.
| Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 2.2 | 3.0 | 1.7 | 12.3% |
| Others | 1.2 | 2.2 | 3.0 | 1.7 | 12.3% |
| Total | 2.4 | 4.3 | 5.9 | 3.4 | 12.3% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Hong Kong SAR in 2022:
- China (218.2 tons)
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR
In 2022, the amount of powdered sweetened milk and cream of fat weight content over 1.5% imported into Hong Kong SAR contracted significantly to 54 tons, declining by -37.7% compared with 2021. In general, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 4.4%.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% fell sharply to $210K in 2022. Over the period under review, imports faced a abrupt downturn. The smallest decline of -13.1% was in 2021.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 115 | 82.7 | 99.3 | 59.7 | -19.6% |
| New Zealand | 84.5 | 82.0 | 45.1 | 45.2 | -18.8% |
| Others | 200 | 167 | 144 | 105 | -19.3% |
| Total | 399 | 332 | 289 | 210 | -19.3% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Hong Kong SAR in 2022:
- Canada (24.9 tons)
- New Zealand (2.3 tons)
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