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Hong Kong SAR, China - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights

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Jul 9, 2023

Hong Kong's Peanut Butter Price Grows Modestly to $4,079 per Ton

Hong Kong Peanut Butter Import Price in March 2023

In March 2023, the peanut butter price amounted to $4,079 per ton (CIF, Hong Kong), with an increase of 12% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $4,151 per ton. From June 2022 to March 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 Malaysia ($12,835 per ton), while the price for Indonesia ($2,437 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Peanut Butter in Hong Kong (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Malaysia7,66312,9017,3149,2361,3318,86610,572N/A9,47212,8728,17810,31012,835
Taiwan (Chinese)8,56910,58611,1017,64010,5415,0368,6918,74812,1199,81912,01910,82212,078
GreeceN/AN/A9,804N/A1,304N/AN/A10,3147,43110,215N/A9,48610,235
Japan8,5856,3048,1867,0648,1168,6096,5256,9808,0328,86811,63410,1986,409
United States4,2594,1703,3613,4223,6384,1714,3553,5623,8093,8544,1573,4714,050
China2,6423,2083,3882,5272,7833,5932,7262,8013,2102,2242,6902,7133,246
Indonesia3,2863,3373,1493,3723,3593,5113,3073,5423,3573,2863,4233,1292,437
Average4,0493,4824,1513,2373,4113,9033,3733,9733,6853,1483,3123,6384,079

Hong Kong Peanut Butter Imports

In March 2023, approximately 495 tons of peanut butter and prepared or preserved groundnuts were imported into Hong Kong; picking up by 14% against the previous month's figure. In general, imports posted a notable expansion. The growth pace was the most rapid in December 2022 with an increase of 88% month-to-month. As a result, imports reached the peak of 952 tons. From January 2023 to March 2023, the growth of imports remained at a lower figure.

In value terms, peanut butter imports soared to $2M (IndexBox estimates) in March 2023. Overall, total imports indicated a notable increase from March 2022 to March 2023: its value increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +52.0% against January 2023 indices. The most prominent rate of growth was recorded in December 2022 when imports increased by 60% month-to-month. As a result, imports reached the peak of $3M. From January 2023 to March 2023, the growth of imports remained at a lower figure.

Hong Kong Peanut Butter Imports by Country

In March 2023, China (289 tons) constituted the largest peanut butter supplier to Hong Kong, accounting for a 58% share of total imports. Moreover, peanut butter imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (65 tons), fourfold. The United States (64 tons) ranked third in terms of total imports with a 13% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+6.2% per month) and the United States (-3.4% per month).

In value terms, China ($939K) constituted the largest supplier of peanut butter to Hong Kong, comprising 47% of total imports. The second position in the ranking was taken by the United States ($258K), with a 13% share of total imports. It was followed by Greece, with a 13% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from China amounted to +10.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-3.8% per month) and Greece (-3.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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