Hong Kong SAR, China - Egg Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kong Sees 2% Decline in Egg Product Imports, Now Valued at $11M for 2023
Hong Kong Egg Product Imports
Egg product imports into Hong Kong shrank to 2.4K tons in 2023, with a decrease of -11.1% against 2022 figures. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked at 3.4K tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.
In value terms, egg product imports shrank slightly to $11M (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +1.6% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of $13M. From 2022 to 2023, the growth of imports remained at a lower figure.
| COUNTRY | Import Value of Egg Product in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 1.6 | 1.6 | 1.4 | 1.0 | 1.5 | 1.2 | 1.6 | 1.9 | 5.1 | 4.6 | 6.2 |
| Japan | 1.9 | 1.9 | 1.8 | 2.2 | 1.7 | 2.1 | 2.3 | 1.6 | 1.9 | 2.3 | 2.2 |
| Australia | 0.1 | N/A | 0.8 | 0.9 | 0.5 | 0.8 | 0.7 | 0.2 | 0.1 | 0.8 | 1.1 |
| Malaysia | N/A | N/A | N/A | N/A | N/A | N/A | 1.0 | 0.8 | 0.9 | 1.1 | 0.9 |
| Denmark | 0.1 | 0.1 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.2 | 0.5 | 0.5 | 0.5 |
| Italy | 0.1 | 0.1 | 1.3 | 0.4 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.2 |
| United States | 3.4 | 3.3 | 1.3 | 1.6 | 2.3 | 2.5 | 2.2 | 1.6 | 2.1 | 0.8 | 0.1 |
| Canada | 1.1 | 1.1 | 1.1 | 1.5 | 1.4 | 1.2 | 1.4 | 1.0 | 1.1 | 0.7 | N/A |
| Belgium | N/A | N/A | 0.8 | 1.3 | 1.2 | 1.1 | 1.1 | 0.5 | 0.7 | 0.4 | N/A |
| Others | 1.3 | 1.4 | 0.9 | 1.1 | 0.7 | 0.4 | 0.6 | 0.1 | 0.3 | 0.2 | 0.2 |
| Total | 9.7 | 9.5 | 9.8 | 10.4 | 9.8 | 10.0 | 11.6 | 8.1 | 12.9 | 11.5 | 11.3 |
Imports by Country
China (1K tons), Japan (509 tons) and Australia (348 tons) were the main suppliers of egg product imports to Hong Kong, together accounting for 78% of total imports. Malaysia, Denmark, Italy, the United States and Belgium lagged somewhat behind, together comprising a further 20%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +55.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($6.2M) constituted the largest supplier of egg products to Hong Kong, comprising 54% of total imports. The second position in the ranking was held by Japan ($2.2M), with a 19% share of total imports. It was followed by Australia, with a 9.3% share.
From 2013 to 2023, the average annual growth rate of value from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.5% per year) and Australia (+24.0% per year).
Import Prices by Country
In 2023, the egg product price amounted to $4,712 per ton (CIF, Hong Kong), rising by 10% against the previous year. Overall, import price indicated a noticeable expansion from 2013 to 2023: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, egg product import price increased by +59.8% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 25%. The import price peaked in 2023 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,080 per ton), while the price for Australia ($3,022 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the egg product 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 10891230 - Egg products, fresh, dried, cooked by steaming or by boiling in water, moulded, frozen or otherwise preserved (excluding albumin, in the shell)
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
