Hong Kong SAR, China: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Hong Kong SAR, China

In 2022, the Hong Kong decaffeinated or roasted coffee market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Coffee (Decaffeinated or Roasted) in Hong Kong SAR, China

In value terms, decaffeinated or roasted coffee production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Hong Kong SAR, China

In 2022, overseas shipments of coffee (decaffeinated or roasted) increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports continue to indicate notable growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Macao SAR (X tons) and China (X tons) were the main destinations of decaffeinated or roasted coffee exports from Hong Kong SAR, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Macao SAR ($X) and Vietnam ($X) appeared to be the largest markets for decaffeinated or roasted coffee exported from Hong Kong SAR worldwide, together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded 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 mixed trend patterns.

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 China ($X per ton), while the average price for exports to Vietnam ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Hong Kong SAR, China

In 2022, purchases abroad of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of decaffeinated or roasted coffee imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Italy ($X) constituted the largest decaffeinated or roasted coffee suppliers to Hong Kong SAR, with a combined X% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 decaffeinated or roasted coffee import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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