Hong Kong SAR, China: Brewing Dregs Market 2024

Brewing Dregs Market Size in Hong Kong SAR, China

The Hong Kong brewing dregs market dropped slightly to $X in 2022, which is down by -3.4% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Brewing Dregs Production in Hong Kong SAR, China

In value terms, brewing dregs production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 65%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Brewing Dregs Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of brewing or distilling dregs and waste were finally on the rise to reach X tons after nine years of decline. Over the period under review, exports, however, saw a precipitous descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, brewing dregs exports surged to $X in 2022. Overall, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2013 when exports increased by 136% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for brewing dregs exports from Hong Kong SAR, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -23.5%.

In value terms, China ($X) also remains the key foreign market for brewing or distilling dregs and waste exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China stood at -29.8%.

Export Prices by Country

The average brewing dregs export price stood at $X per ton in 2022, falling by -9.5% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 144% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -8.2% per year.

Brewing Dregs Imports

Imports into Hong Kong SAR, China

Brewing dregs imports into Hong Kong SAR soared to X tons in 2022, jumping by 44% compared with 2021 figures. Overall, imports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 247%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, brewing dregs imports skyrocketed to $X in 2022. In general, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2019 with an increase of 217% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of brewing dregs to Hong Kong SAR, with a 81% share of total imports. Moreover, brewing dregs imports from the United States exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+37.5% per year) and China (+7.2% per year).

In value terms, the United States ($X) constituted the largest supplier of brewing or distilling dregs and waste to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+28.4% per year) and China (+14.0% per year).

Import Prices by Country

In 2022, the average brewing dregs import price amounted to $X per ton, approximately mirroring the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs import price decreased by +0.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 115% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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