Hong Kong SAR, China - Malt - 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 Kongs October 2023 Malt Import Drops to $279K
Hong Kong Malt Imports
In October 2023, imports of malt into Hong Kong shrank markedly to 374 tons, falling by -32.6% against the previous month. Overall, imports recorded a mild slump. The most prominent rate of growth was recorded in August 2023 when imports increased by 844% m-o-m. As a result, imports reached the peak of 811 tons. From September 2023 to October 2023, the growth of imports failed to regain momentum.
In value terms, malt imports fell markedly to $279K (IndexBox estimates) in October 2023. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 with an increase of 815% m-o-m. As a result, imports attained the peak of $579K. From September 2023 to October 2023, the growth of imports remained at a somewhat lower figure.
| COUNTRY | Import Value of Malt in Hong Kong (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Australia | N/A | 202 | 206 | N/A | 176 | 295 | 195 | 113 | N/A | 63.2 | 127 | 196 | 254 |
| Belgium | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 383 | 124 | 10.1 |
| Vietnam | 21.6 | 10.9 | N/A | 18.0 | 10.9 | 23.4 | 14.7 | 10.5 | 18.8 | N/A | 10.3 | 25.0 | 9.0 |
| China | 248 | 84.5 | 264 | 64.4 | 301 | 56.0 | N/A | 66.7 | 186 | N/A | 58.8 | 63.5 | N/A |
| Others | 7.0 | N/A | 11.2 | N/A | N/A | N/A | < 0.1 | N/A | N/A | N/A | N/A | N/A | 5.6 |
| Total | 277 | 297 | 481 | 82.4 | 488 | 374 | 210 | 191 | 204 | 63.2 | 579 | 408 | 279 |
Imports by Country
In October 2023, Australia (346 tons) was the main supplier of malt to Hong Kong, with a 93% share of total imports. Moreover, malt imports from Australia exceeded the figures recorded by the second-largest supplier, Belgium (12 tons), more than tenfold.
From October 2022 to October 2023, the average monthly growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (-84.9% per month) and Vietnam (-7.4% per month).
In value terms, Australia ($254K) constituted the largest supplier of malt to Hong Kong, comprising 91% of total imports. The second position in the ranking was taken by Belgium ($10K), with a 3.6% share of total imports.
From October 2022 to October 2023, the average monthly growth rate of value from Australia amounted to +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (-83.7% per month) and Vietnam (-7.0% per month).
Import Prices by Country
In October 2023, the malt price stood at $745 per ton (CIF, Hong Kong), approximately mirroring the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in June 2023 when the average import price increased by 16% m-o-m. The import price peaked in October 2023.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Vietnam ($896 per ton), while the price for Australia ($733 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the malt 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 11061030 - Malt, not roasted (excluding alcohol duty)
- Prodcom 11061050 - Roasted malt (excluding alcohol duty, products which have undergone further processing, roasted malt put up as coffee substitutes)
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 2012–2024
- 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
-
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
-
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
