Hong Kong SAR, China - Wine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWine Price in Hong Kong SAR - 2023
Contents:
- Wine Price in Hong Kong SAR (CIF) - 2023
- Wine Price in Hong Kong SAR (FOB) - 2022
- Wine Imports in Hong Kong SAR
- Wine Exports in Hong Kong SAR
Wine Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average wine import price amounted to $29.8 per litre, picking up by 26% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 42% month-to-month. As a result, import price attained the peak level of $46.1 per litre. From April 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($136 per litre), while the price for Chile ($4.1 per litre) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Wine Price in Hong Kong SAR (FOB) - 2022
The average wine export price stood at $19 per litre in 2022, which is down by -3.6% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine export price increased by +10.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $25 per litre. From 2017 to 2022, the average export prices remained at a 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 Macao SAR ($28 per litre), while the average price for exports to China ($8.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Wine Imports in Hong Kong SAR
In 2022, the amount of wine imported into Hong Kong SAR dropped to 35M litres, with a decrease of -14.1% against the previous year's figure. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports reached the maximum at 41M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, wine imports reduced rapidly to $1B in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $1.4B, and then fell dramatically in the following year.
Import of Wine in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 452 | 452 | 586 | 368 | -6.6% |
United Kingdom | 178 | 140 | 188 | 161 | -3.3% |
Australia | 85.1 | 80.5 | 143 | 130 | 15.2% |
United States | 136 | 86.7 | 81.6 | 81.9 | -15.6% |
Singapore | 42.5 | 52.6 | 125 | 75.1 | 20.9% |
Italy | 27.8 | 25.5 | 35.9 | 31.3 | 4.0% |
New Zealand | 8.3 | 9.1 | 12.5 | 23.3 | 41.1% |
China | 60.5 | 16.9 | 31.9 | 23.0 | -27.6% |
Spain | 15.6 | 8.9 | 14.7 | 11.4 | -9.9% |
Chile | 16.3 | 9.6 | 8.4 | 10.0 | -15.0% |
Others | 102 | 86.0 | 136 | 105 | 1.0% |
Total | 1,124 | 968 | 1,364 | 1,020 | -3.2% |
Top Suppliers of Wine to Hong Kong SAR in 2022:
- Australia (10.2M litres)
- France (8.1M litres)
- Italy (2.8M litres)
- United States (2.7M litres)
- Singapore (2.2M litres)
- Chile (1.7M litres)
- Spain (1.5M litres)
- New Zealand (1.2M litres)
- United Kingdom (1.0M litres)
- China (1.0M litres)
Wine Exports in Hong Kong SAR
Wine exports from Hong Kong SAR surged to 15M litres in 2022, increasing by 49% against 2021 figures. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, wine exports skyrocketed to $296M in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Wine in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 56.4 | 33.9 | 67.2 | 122 | 29.3% |
China | 100 | 46.6 | 68.6 | 82.7 | -6.1% |
Thailand | 0.9 | 1.6 | 1.7 | 4.6 | 72.3% |
Others | 35.1 | 33.8 | 67.8 | 86.0 | 34.8% |
Total | 193 | 116 | 205 | 296 | 15.3% |
Top Export Markets for Wine from Hong Kong SAR in 2022:
- China (9.6M litres)
- Macao SAR (4.4M litres)
- Thailand (0.4M litres)
This report provides an in-depth analysis of the wine 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:
- FCL 564 - Wine
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
- 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 2016 to 2023, the growth of imports remained at a slightly lower rate. In terms of value, Wine imports decreased to $948M in 2023.
From May 2023 to October 2023, the importation of Wine experienced a modest growth. In terms of value, Wine imports surged to $66M in October 2023.
From 2016 to 2023, the growth of imports for Wine remained at a lower figure. In value terms, Wine imports contracted to $971M in 2023.
Explore the top import markets for wine in the world in 2023. Find out which countries are leading in wine imports and what opportunities they offer for wine producers looking to expand globally.
The global wine market is expected to reach $165 billion in 2030, growing with a CAGR of +4.5% from 2022 to 2030.
The global wine market revenue amounted to $130.3B in 2018, going down by -3.3% against the previous year. This...
In 2016, global wine market reached $X in wholesale prices. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price
Global wine consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
The value of total imports on the global wine market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, wine imports reached X million liters in 2015, X million liters
From 2007 to 2015, global exports on the wine market increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X million liters in 2015, which figure remained relatively stable over the last four years.