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Hong Kong SAR, China - Uncooked Pasta - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Uncooked Pasta - Market Analysis, Forecast, Size, Trends And Insights

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Oct 19, 2023

Increase in Uncooked Pasta Import to $5.9M in Hong Kong As of June 2023

Hong Kong Uncooked Pasta Imports

In June 2023, supplies from abroad of uncooked pasta was finally on the rise to reach 3.9K tons for the first time since March 2023, thus ending a two-month declining trend. Overall, imports saw a modest increase. The most prominent rate of growth was recorded in March 2023 when imports increased by 351% against the previous month. As a result, imports reached the peak of 12K tons. From April 2023 to June 2023, the growth of imports failed to regain momentum.

In value terms, uncooked pasta imports expanded markedly to $5.9M (IndexBox estimates) in June 2023. In general, imports posted a slight expansion. The most prominent rate of growth was recorded in March 2023 when imports increased by 385% month-to-month. As a result, imports attained the peak of $19M. From April 2023 to June 2023, the growth of imports remained at a lower figure.Hong Kong Uncooked Pasta Imports By Country (Million USD)

COUNTRYImport Value of Uncooked Pasta in Hong Kong (million USD)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
China1.41.21.41.51.31.71.81.31.914.32.52.12.7
Japan0.80.80.50.40.70.80.70.50.52.00.90.90.9
Italy1.31.01.21.50.80.71.51.40.40.90.90.80.6
South Korea0.30.40.40.30.30.50.50.50.30.30.70.50.6
Turkey0.50.30.40.40.30.40.50.50.20.40.30.40.4
Others0.80.90.60.70.80.80.60.60.50.80.80.70.6
Total5.04.74.54.94.24.95.64.83.818.66.05.35.9

Imports by Country

In June 2023, China (2.3K tons) constituted the largest supplier of uncooked pasta to Hong Kong, with a 58% share of total imports. Moreover, uncooked pasta imports from China exceeded the figures recorded by the second-largest supplier, Turkey (479 tons), fivefold. The third position in this ranking was taken by Japan (296 tons), with a 7.6% share.

From June 2022 to June 2023, the average monthly growth rate of volume from China stood at +4.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkey (-2.0% per month) and Japan (+2.7% per month).

In value terms, China ($2.7M) constituted the largest supplier of uncooked pasta to Hong Kong, comprising 46% of total imports. The second position in the ranking was held by Japan ($909K), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from China stood at +5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+1.1% per month) and Italy (-5.7% per month).

Imports by Type

In June 2023, uncooked pasta not containing eggs (3.5K tons) was the main type of uncooked pasta supplied to Hong Kong, with a 91% share of total imports. Moreover, uncooked pasta not containing eggs exceeded the figures recorded for the second-largest type, uncooked pasta containing eggs (353 tons), tenfold.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of uncooked pasta not containing eggs amounted to +1.4%.

In value terms, uncooked pasta not containing eggs ($5M) constituted the largest type of uncooked pasta supplied to Hong Kong, comprising 84% of total imports. The second position in the ranking was taken by uncooked pasta containing eggs ($924K), with a 16% share of total imports.

Import Prices by Country

In June 2023, the uncooked pasta price amounted to $1,517 per ton (CIF, Hong Kong), flattening at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 7.5% against the previous month. As a result, import price attained the peak level of $1,621 per ton. From December 2022 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Korea ($3,146 per ton), while the price for Turkey ($914 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.0%), 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 uncooked pasta 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 10731130 - Uncooked pasta, containing eggs (excluding stuffed or otherwise prepared)
  • Prodcom 10731150 - Uncooked pasta (excluding containing eggs, stuffed or otherwise prepared)

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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