Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in Hong Kong SAR - 2023
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR (CIF) - 2023
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR (FOB) - 2023
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR (CIF) - 2023
The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $6,422 per ton in October 2023, waning by -5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 30% against the previous month. As a result, import price attained the peak level of $7,765 per ton. From March 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Thailand ($8,334 per ton), while the price for Turkey ($3,594 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $7,501 per ton, shrinking by -13.4% against the previous month. Overall, export price indicated modest growth from November 2022 to October 2023: its price increased at an average monthly rate of +1.2% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa decreased by -40.1% against June 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 36% m-o-m. The export price peaked at $12,526 per ton in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($9,378 per ton), while the average price for exports to the United States ($3,528 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR
In 2022, the amount of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa imported into Hong Kong SAR fell significantly to 20K tons, waning by -15.1% compared with 2021 figures. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa contracted markedly to $123M in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 14%.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 67.3 | 52.5 | 51.7 | 42.2 | -14.4% |
| China | 31.2 | 24.2 | 28.9 | 22.0 | -11.0% |
| Germany | 12.6 | 12.4 | 17.5 | 16.7 | 9.8% |
| United States | 17.2 | 8.7 | 11.8 | 9.0 | -19.4% |
| Thailand | 12.6 | 5.8 | 10.4 | 7.8 | -14.8% |
| United Kingdom | 5.4 | 3.6 | 3.8 | 4.3 | -7.3% |
| Malaysia | 7.6 | 3.9 | 4.2 | 4.3 | -17.3% |
| Taiwan (Chinese) | 3.4 | 2.8 | 2.6 | 2.6 | -8.6% |
| Turkey | 1.0 | 0.6 | 1.2 | 2.1 | 28.1% |
| Netherlands | 5.0 | 2.8 | 2.1 | 1.9 | -27.6% |
| Indonesia | 2.2 | 1.4 | 1.3 | 1.2 | -18.3% |
| Others | 18.7 | 10.9 | 11.9 | 9.3 | -20.8% |
| Total | 184 | 130 | 147 | 123 | -12.6% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Hong Kong SAR in 2022:
- Japan (5.3K tons)
- China (4.0K tons)
- Germany (4.0K tons)
- United States (1.3K tons)
- Thailand (1.2K tons)
- Malaysia (0.8K tons)
- Turkey (0.6K tons)
- United Kingdom (0.6K tons)
- Indonesia (0.4K tons)
- Netherlands (0.3K tons)
- Taiwan (Chinese) (0.3K tons)
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR
Exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa from Hong Kong SAR dropped slightly to 15K tons in 2022, which is down by -1.8% on the previous year. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 16K tons, and then fell slightly in the following year.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa shrank to $102M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 47%. As a result, the exports attained the peak of $116M, and then dropped in the following year.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.4 | 36.7 | 65.9 | 62.0 | 10.1% |
| Macao SAR | 21.4 | 18.1 | 28.2 | 24.2 | 4.2% |
| United States | 5.6 | 6.1 | 5.1 | 4.4 | -7.7% |
| Vietnam | 1.2 | 0.4 | 0.3 | 3.0 | 35.7% |
| Canada | 3.1 | 5.3 | 4.3 | 2.0 | -13.6% |
| Australia | 2.9 | 2.7 | 2.3 | 0.8 | -34.9% |
| Netherlands | 1.5 | 2.0 | 2.6 | 0.3 | -41.5% |
| Others | 10.3 | 7.6 | 7.4 | 5.5 | -18.9% |
| Total | 92.5 | 78.8 | 116 | 102 | 3.3% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Hong Kong SAR in 2022:
- China (9.6K tons)
- Macao SAR (2.8K tons)
- United States (0.8K tons)
- Vietnam (0.7K tons)
- Canada (0.6K tons)
- Netherlands (0.1K tons)
- Australia (0.1K tons)
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