Hong Kong SAR, China: Beer Market 2024

Beer Market Size in Hong Kong SAR, China

The Hong Kong beer market dropped to $X in 2022, waning by -4% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Beer Production in Hong Kong SAR, China

In value terms, beer production fell to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -17.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Beer Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of beer were exported from Hong Kong SAR; increasing by 14% compared with 2021. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, beer exports rose notably to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for beer exports from Hong Kong SAR, with a 39% share of total exports. Moreover, beer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Macao SAR (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-4.3% per year) and South Korea (+16.1% per year).

In value terms, the largest markets for beer exported from Hong Kong SAR were Macao SAR ($X), the United Arab Emirates ($X) and South Korea ($X), together accounting for 75% of total exports.

The United Arab Emirates, with a CAGR of +28.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beer export price stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of beer decreased by -3.2% to X tons, falling for the fifth consecutive year after six years of growth. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 5.4%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, beer imports reduced slightly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.9%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of beer imports to Hong Kong SAR, together comprising 80% of total imports. These countries were followed by Vietnam, Ireland, Japan, the Netherlands and Thailand, which together accounted for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the largest beer suppliers to Hong Kong SAR, with a combined 71% share of total imports. These countries were followed by Ireland, Malaysia, the Netherlands, Vietnam and Thailand, which together accounted for a further 17%.

Ireland, with a CAGR of +23.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beer import price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 4.3% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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