Hong Kong SAR, China - Beer - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHong Kong Beer Prices Up 4%: $955 per Thousand Litres
Hong Kong, China Beer Import Price in January 2023
In January 2023, the beer price stood at $955 per thousand litres (CIF, Hong Kong, China), rising by 4.1% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in July 2022 an increase of 5.3% against the previous month. Over the period under review, average import prices reached the peak figure in January 2023.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Japan ($2.4 per litre), while the price for China ($667 per thousand litres) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Import Price of Beer in Hong Kong, China (USD per litre) | |||||||||||||
| Japan | 1.7 | 1.7 | 1.8 | 1.6 | 1.8 | 1.9 | 1.8 | 1.9 | 1.8 | 1.6 | 1.7 | 2.0 | 2.4 |
| Vietnam | 0.6 | 0.6 | 1.1 | 1.1 | 1.0 | 1.1 | 1.1 | 1.2 | 1.2 | 1.1 | 1.6 | 1.0 | 2.2 |
| Netherlands | 1.1 | 0.9 | 0.8 | 1.6 | 1.4 | 1.0 | 1.2 | 1.2 | 1.4 | 1.5 | 1.5 | 1.6 | 1.6 |
| Ireland | 1.3 | 1.1 | 1.2 | 1.3 | 1.2 | 1.5 | 1.2 | 1.3 | 1.2 | 1.4 | 1.4 | 1.3 | 1.3 |
| South Korea | 0.9 | 0.8 | 0.8 | 0.8 | 0.9 | 0.6 | 0.8 | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 1.3 |
| Malaysia | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.7 | 0.9 | 0.8 | 0.7 | 0.8 | 0.8 |
| China | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 |
| Average | 0.8 | 0.9 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 |
Hong Kong, China Beer Imports
In January 2023, purchases abroad of beer was finally on the rise to reach 13M litres for the first time since October 2022, thus ending a two-month declining trend. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 with an increase of 55% month-to-month. As a result, imports reached the peak of 16M litres. From August 2022 to January 2023, the growth of imports failed to regain momentum.
In value terms, beer imports surged to $12M (IndexBox estimates) in January 2023. In general, total imports indicated a mild increase from January 2022 to January 2023: its value increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +28.1% against December 2022 indices. The most prominent rate of growth was recorded in July 2022 with an increase of 63% month-to-month. As a result, imports reached the peak of $13M. From August 2022 to January 2023, the growth of imports failed to regain momentum.
Hong Kong, China Beer Imports by Country
In January 2023, China (7.5M litres) constituted the largest supplier of beer to Hong Kong, accounting for a 57% share of total imports. Moreover, beer imports from China exceeded the figures recorded by the second-largest supplier, South Korea (3.5M litres), twofold. The third position in this ranking was held by Ireland (393K litres), with a 3% share.
From January 2022 to January 2023, the average monthly growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-0.9% per month) and Ireland (+6.7% per month).
In value terms, the largest beer suppliers to Hong Kong were China ($5M), South Korea ($4.3M) and Japan ($739K), with a combined 81% share of total imports.
Japan, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, among 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 beer 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 51 - Beer of Barley
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
