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Hong Kong SAR, China - Roasted Coffee - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

Hong Kong SAR, China - Roasted Coffee - Market Analysis, Forecast, Size, Trends And Insights

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Mar 10, 2024

Hong Kongs Imported Coffee Hit a Low of $3.9M in October 2023

Hong Kong Roasted Coffee Imports

After two months of growth, purchases abroad of roasted coffee decreased by -12.9% to 314 tons in October 2023. In general, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in March 2023 with an increase of 37% month-to-month.

In value terms, roasted coffee imports dropped to $3.9M (IndexBox estimates) in October 2023. Overall, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in March 2023 when imports increased by 117% m-o-m. As a result, imports reached the peak of $5.5M. From April 2023 to October 2023, the growth of imports remained at a lower figure.Hong Kong Roasted Coffee Imports By Country (Thousand USD)

COUNTRYImport Value of Roasted Coffee in Hong Kong (thousand USD)
Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023
Belgium2,0528988331,7136522,8321,1638769711,1317921,4811,010
China256335248391319371588434464182466383608
Malaysia367324344475229222242527371369345391426
Japan247358218269198267155151370257314308392
Italy397351533679306441480852798464341627391
Singapore255157236247194163132153252214235251329
Macao77.093.110987.574.310612693.613392.411111682.2
Others1,5149605025315561,0928019398018061,031827626
Total5,1673,4783,0224,3932,5275,4933,6874,0254,1593,5153,6364,3853,863

Imports by Country

In October 2023, China (78 tons) constituted the largest roasted coffee supplier to Hong Kong, with a 25% share of total imports. Moreover, roasted coffee imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (36 tons), twofold. The third position in this ranking was taken by Singapore (31 tons), with a 10% share.

From October 2022 to October 2023, the average monthly growth rate of volume from China totaled +5.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.7% per month) and Singapore (-0.9% per month).

In value terms, the largest roasted coffee suppliers to Hong Kong were Belgium ($1M), China ($608K) and Malaysia ($426K), with a combined 53% share of total imports.

In terms of the main suppliers, China, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In October 2023, roasted coffee (not decaffeinated) (297 tons) was the main type of roasted coffee supplied to Hong Kong, accounting for a 95% share of total imports. Moreover, roasted coffee (not decaffeinated) exceeded the figures recorded for the second-largest type, roasted decaffeinated coffee (17 tons), more than tenfold.

From October 2022 to October 2023, the average monthly growth rate of the volume of import of roasted coffee (not decaffeinated) was relatively modest.

In value terms, roasted coffee (not decaffeinated) ($3.8M) constituted the largest type of roasted coffee supplied to Hong Kong, comprising 97% of total imports. The second position in the ranking was taken by roasted decaffeinated coffee ($107K), with a 2.8% share of total imports.

Import Prices by Country

In October 2023, the roasted coffee price stood at $12,303 per ton (CIF, Hong Kong), flattening at the previous month. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in March 2023 an increase of 59% m-o-m. As a result, import price attained the peak level of $16,192 per ton. From April 2023 to October 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 Belgium ($33,418 per ton), while the price for Macao ($4,485 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 Indonesia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the roasted coffee 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 10831150 - Roasted coffee, not decaffeinated
  • Prodcom 10831170 - Roasted decaffeinated coffee

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 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    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 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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