Hong Kong SAR, China - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Chewing Gum in Hong Kong Spikes by 6% to $6,016 per Metric Ton
Hong Kong Chewing Gum Import Price in May 2023
In May 2023, the chewing gum price amounted to $6,016 per ton (CIF, Hong Kong), picking up by 6.3% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 17% m-o-m. Over the period under review, average import prices hit record highs at $6,627 per ton in June 2022; however, from July 2022 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($9,577 per ton), while the price for China ($4,133 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Chewing Gum in Hong Kong (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Japan | 7,284 | 6,816 | 5,800 | 5,660 | 7,577 | 5,334 | 6,522 | 6,927 | 7,002 | 6,864 | 7,176 | 8,076 | 9,577 |
| Taiwan (Chinese) | 6,623 | 8,367 | 8,421 | 7,976 | 9,638 | 7,502 | 7,872 | 7,831 | 7,526 | 7,495 | 7,744 | 7,217 | 6,992 |
| China | 3,391 | 2,898 | 3,304 | 4,322 | 3,715 | 3,033 | 3,687 | 3,551 | 3,899 | 3,754 | 3,256 | 3,889 | 4,133 |
| Canada | N/A | N/A | N/A | 2,468 | 2,467 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Average | 5,949 | 6,627 | 6,184 | 5,139 | 5,278 | 6,178 | 5,745 | 5,306 | 5,642 | 5,524 | 5,442 | 5,660 | 6,016 |
Hong Kong Chewing Gum Imports
In May 2023, purchases abroad of chewing gum increased by 17% to 125 tons, rising for the third consecutive month after three months of decline. Overall, total imports indicated a resilient increase from May 2022 to May 2023: its volume increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +56.4% against February 2023 indices. The pace of growth appeared the most rapid in November 2022 when imports increased by 67% m-o-m.
In value terms, chewing gum imports skyrocketed to $749K (IndexBox estimates) in May 2023. Over the period under review, total imports indicated strong growth from May 2022 to May 2023: its value increased at an average monthly rate of +6.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +70.4% against February 2023 indices. The growth pace was the most rapid in June 2022 when imports increased by 84% month-to-month. Imports peaked in May 2023.
Hong Kong Chewing Gum Imports by Country
China (62 tons), Taiwan (Chinese) (53 tons) and Japan (7.9 tons) were the main suppliers of chewing gum imports to Hong Kong, with a combined 99% share of total imports.
From May 2022 to May 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +13.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Taiwan (Chinese) ($372K), China ($256K) and Japan ($75K) were the largest chewing gum suppliers to Hong Kong, together accounting for 94% of total imports.
China, with a CAGR of +14.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the chewing gum 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 10822310 - Chewing gum
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
