Hong Kong SAR, China: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Hong Kong SAR, China

The Hong Kong casein and caseinates market amounted to $X in 2022, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Hong Kong SAR, China

In value terms, casein and caseinates production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 34%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of casein and caseinates decreased by -74.7% to X tons, falling for the fifth year in a row after three years of growth. Overall, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2015 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, casein and caseinates exports declined markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for casein and caseinates exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled -28.2%.

In value terms, China ($X) also remains the key foreign market for casein and caseinates exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -19.5%.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, jumping by 57% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 132%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 +12.2% per year.

Casein And Caseinates Imports

Imports into Hong Kong SAR, China

After three years of decline, overseas purchases of casein and caseinates increased by 11% to X tons in 2022. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 20% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, casein and caseinates imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest casein and caseinates supplier to Hong Kong SAR, accounting for a 56% share of total imports. Moreover, casein and caseinates imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.1% per year) and Japan (-12.1% per year).

In value terms, the largest casein and caseinates suppliers to Hong Kong SAR were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 57% of total imports. Poland, Switzerland and the United States lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, Switzerland, with a CAGR of +5.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, which is down by -16.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 37%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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