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Hong Kong SAR, China - Processed Cheese (Excluding Grated Or Powdered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR - 2023
Contents:
- Price for Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR (CIF) - 2023
- Price for Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR (FOB) - 2023
- Imports of Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR
- Exports of Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR
Price for Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for processed cheese (excluding grated or powdered) amounted to $7,977 per ton, surging by 6.6% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 18% against the previous month. The import price peaked at $8,459 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($14,290 per ton), while the price for Singapore ($4,298 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR (FOB) - 2023
The average export price for processed cheese (excluding grated or powdered) stood at $7,234 per ton in October 2023, waning by -18.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 9.2% m-o-m. Over the period under review, the average export prices hit record highs at $9,328 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From October 2022 to October 2023, the rate of growth in terms of prices for Macao SAR amounted to -0.9% per month.
Imports of Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR
Imports of processed cheese (excluding grated or powdered) into Hong Kong SAR shrank dramatically to 4.1K tons in 2022, with a decrease of -19.7% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 5.1K tons, and then contracted sharply in the following year.
In value terms, imports of processed cheese (excluding grated or powdered) reduced to $31M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of $35M, and then fell in the following year.
Import of Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 5.3 | 5.0 | 6.5 | 7.0 | 9.7% |
France | 5.0 | 4.0 | 6.2 | 4.4 | -4.2% |
United States | 4.4 | 4.8 | 5.3 | 4.0 | -3.1% |
United Kingdom | 3.1 | 3.6 | 3.2 | 3.3 | 2.1% |
Italy | 1.2 | 2.8 | 3.8 | 3.0 | 35.7% |
Australia | 5.0 | 3.1 | 3.0 | 2.7 | -18.6% |
Singapore | 1.0 | 1.5 | 1.8 | 1.8 | 21.6% |
Others | 4.3 | 5.0 | 5.0 | 4.9 | 4.5% |
Total | 29.2 | 29.8 | 34.8 | 31.1 | 2.1% |
Top Suppliers of Processed Cheese (Excluding Grated or Powdered) to Hong Kong SAR in 2022:
- New Zealand (961.7 tons)
- United States (507.2 tons)
- France (462.9 tons)
- Australia (455.6 tons)
- United Kingdom (426.6 tons)
- Italy (367.3 tons)
- Singapore (290.2 tons)
Exports of Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR
In 2022, shipments abroad of processed cheese (excluding grated or powdered) decreased by -28.3% to 194 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 2.3%. As a result, the exports attained the peak of 286 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of processed cheese (excluding grated or powdered) declined significantly to $1.5M in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 8.9% against the previous year. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Processed Cheese (Excluding Grated or Powdered) in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 2.1 | 2.3 | 2.2 | 1.5 | -10.6% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 2.1 | 2.3 | 2.2 | 1.5 | -10.6% |
Top Export Markets for Processed Cheese (Excluding Grated or Powdered) from Hong Kong SAR in 2022:
- Macao SAR (193.9 tons)
This report provides an in-depth analysis of the market for processed cheese (excluding grated or powdered) 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 10514070 - Processed cheese (excluding grated or powdered)
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
-
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 market for processed cheese (excluding grated or powdered) in Hong Kong SAR, China.
This report provides an in-depth analysis of the cheese market in Hong Kong SAR, China.
This report provides an in-depth analysis of the uncured cheese market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for grated and blue cheese in Hong Kong SAR, China.
This report provides an in-depth analysis of the cheese and curd market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for processed cheese (excluding grated or powdered).
This report provides an in-depth analysis of the global cheese market.
This report provides an in-depth analysis of the global uncured cheese market.
This report provides an in-depth analysis of the global market for grated and blue cheese.
This report provides an in-depth analysis of the global cheese and curd market.
In January 2023, the cheese and curd price stood at $6,965 per ton (CIF, Hong Kong), with a decrease of -1.6% against the previous month.
The global cheese market is forecast to reach a value of $123.2 billion by 2030, growing at a CAGR of around 4.2% during 2022-2030.
In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of...
The global cheese market revenue amounted to $111.7B in 2018, going up by 3.2% against the previous year. This figure refl...
In 2015, the cheese market was estimated at X thousand tons.
From 2007 to 2015, the global cheese market showed an upward trend. In 2015, the cheese market was estimated at X thousand tons. In value terms, the cheese market value seesawed due to price fluctuations. It stood at X million USD, which wa
Global cheese market production was estimated at X million USD in 2015, a decrease of X million USD (X%) against 2014. In physical terms, the production of cheese was estimated at X million USD in 2015, which was X million USD (X%) mo
From 2007 to 2015, global cheese exports increased by +X% per year, amounting to X billion USD in 2015. In physical terms, exports on the global cheese market reached X thousand tons in 2015, an increase of X thousand tons against the pr
The total value of global cheese imports in 2015 stood at X billion USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, cheese imports reached X thousand tons in 2015, an increase of X thousand ton
The global trade in cheese and curd amounted to X million USD in 2015, showing notable fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until expor