Hong Kong SAR, China - Uncooked Pasta - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUncooked Pasta Price in Hong Kong SAR - 2023
Contents:
- Uncooked Pasta Price in Hong Kong SAR (CIF) - 2023
- Uncooked Pasta Price in Hong Kong SAR (FOB) - 2023
- Uncooked Pasta Imports in Hong Kong SAR
- Uncooked Pasta Exports in Hong Kong SAR
Uncooked Pasta Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average uncooked pasta import price amounted to $1,517 per ton, therefore, remained relatively stable against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 7.5% against the previous month. As a result, import price reached the peak level of $1,621 per ton. From December 2022 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 South Korea ($3,146 per ton), while the price for Turkey ($914 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 China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Uncooked Pasta Price in Hong Kong SAR (FOB) - 2023
The average uncooked pasta export price stood at $2,947 per ton in June 2023, which is down by -2.8% against the previous month. In general, the export price recorded a mild decrease. The most prominent rate of growth was recorded in April 2023 an increase of 49% against the previous month. The export price peaked at $3,521 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was China ($5,916 per ton), while the average price for exports to Malaysia ($1,968 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 Guam (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Uncooked Pasta Imports in Hong Kong SAR
In 2022, overseas purchases of uncooked pasta decreased by -26.8% to 39K tons, falling for the second consecutive year after two years of growth. Overall, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 0.6%. As a result, imports attained the peak of 59K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, uncooked pasta imports shrank sharply to $61M in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 4.9%. As a result, imports attained the peak of $83M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Uncooked Pasta in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.3 | 36.9 | 36.7 | 28.0 | -12.8% |
Italy | 10.1 | 16.1 | 15.3 | 13.7 | 10.7% |
Japan | 9.2 | 9.7 | 8.9 | 6.7 | -10.0% |
Taiwan (Chinese) | 2.7 | 3.9 | 2.6 | 2.7 | 0.0% |
Turkey | 2.4 | 2.4 | 2.6 | 1.8 | -9.1% |
Australia | 1.2 | 1.4 | 0.8 | 1.7 | 12.3% |
Indonesia | 1.5 | 1.5 | 1.3 | 1.0 | -12.6% |
Others | 9.3 | 10.6 | 7.7 | 5.6 | -15.6% |
Total | 78.7 | 82.5 | 76.1 | 61.1 | -8.1% |
Top Suppliers of Uncooked Pasta to Hong Kong SAR in 2022:
- China (22.1K tons)
- Italy (7.2K tons)
- Turkey (2.5K tons)
- Japan (1.9K tons)
- Taiwan (Chinese) (1.1K tons)
- Australia (0.8K tons)
- Indonesia (0.8K tons)
Uncooked Pasta Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of uncooked pasta, which decreased by -42% to 5K tons in 2022. Over the period under review, exports continue to indicate a sharp decrease. The smallest decline of -4.9% was in 2020.
In value terms, uncooked pasta exports dropped sharply to $15M in 2022. In general, exports saw a abrupt decrease. The smallest decline of -0.8% was in 2020.
Export of Uncooked Pasta in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 9.3 | 9.5 | 7.2 | 5.3 | -17.1% |
Canada | 4.0 | 3.8 | 3.2 | 2.2 | -18.1% |
China | 1.2 | 3.4 | 2.3 | 1.5 | 7.7% |
United States | 2.2 | 2.4 | 1.7 | 1.3 | -16.1% |
Singapore | 1.8 | 1.7 | 1.4 | 1.0 | -17.8% |
Netherlands | 1.6 | 1.5 | 1.6 | 1.0 | -14.5% |
Australia | 2.0 | 1.0 | 0.7 | 0.8 | -26.3% |
Malaysia | 1.8 | 0.8 | 0.9 | 0.7 | -27.0% |
Others | 2.7 | 2.3 | 1.6 | 1.0 | -28.2% |
Total | 26.5 | 26.3 | 20.5 | 14.8 | -17.6% |
Top Export Markets for Uncooked Pasta from Hong Kong SAR in 2022:
- Macao SAR (1466.7 tons)
- Canada (693.4 tons)
- Singapore (532.6 tons)
- Netherlands (518.3 tons)
- United States (492.9 tons)
- China (305.4 tons)
- Malaysia (261.7 tons)
- Australia (240.1 tons)
This report provides an in-depth analysis of the uncooked pasta 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:
- Prodcom 10731130 - Uncooked pasta, containing eggs (excluding stuffed or otherwise prepared)
- Prodcom 10731150 - Uncooked pasta (excluding containing eggs, stuffed or otherwise prepared)
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
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From April 2023 to June 2023, the imports of Uncooked Pasta did not recover their growth momentum. The value of uncooked pasta imports significantly increased to $5.9M in June 2023.
In June 2023, the Pasta And Couscous price remained steady at $2,509 per ton (CIF, Hong Kong), similar to the previous month.
The growth of imports of Uncooked Pasta Containing Eggs failed to regain momentum from January 2023 to October 2023. The value of these imports reduced to $576K in October 2023.
Between April 2023 and August 2023, there was a lack of growth in imports. The value of imported uncooked pasta not containing eggs declined to $5.2M in August 2023.
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