Hong Kong SAR, China: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Hong Kong SAR, China

In 2021, the Hong Kong chocolate bar with filling market decreased by -27.2% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a perceptible contraction. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Production of Chocolate Bars With Fillings in Hong Kong SAR, China

In value terms, chocolate bar with filling production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 340% against the previous year. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Exports of Chocolate Bars With Fillings

Exports from Hong Kong SAR, China

In 2021, chocolate bar with filling exports from Hong Kong SAR dropped dramatically to X tons, shrinking by -42.6% against 2020 figures. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 72%. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, chocolate bar with filling exports dropped sharply to $X in 2021. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Macao SAR (X tons) were the main destinations of chocolate bar with filling exports from Hong Kong SAR, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +35.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Macao SAR ($X) were the largest markets for chocolate bar with filling exported from Hong Kong SAR worldwide, with a combined 95% share of total exports.

The United States, with a CAGR of +36.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, picking up by 5.8% against the previous year. In general, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+25.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars With Fillings

Imports into Hong Kong SAR, China

Chocolate bar with filling imports into Hong Kong SAR dropped to X tons in 2021, falling by -6.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, chocolate bar with filling imports dropped notably to $X in 2021. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 34%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of chocolate bar with filling imports to Hong Kong SAR, together comprising 61% of total imports. Japan, Singapore, the UK, Turkey, Germany, Italy, Switzerland, Belgium, South Korea and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Japan ($X) and China ($X) constituted the largest chocolate bar with filling suppliers to Hong Kong SAR, with a combined 61% share of total imports. The United States, Singapore, the UK, Belgium, Germany, Italy, Switzerland, Turkey, South Korea and France lagged somewhat behind, together accounting for a further 36%.

The UK, with a CAGR of +9.1%, 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

The average chocolate bar with filling import price stood at $X per ton in 2021, which is down by -12.3% against the previous year. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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