Hong Kong SAR, China: Market for Condensed Or Evaporated Milk (Unsweetened) 2025

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Hong Kong SAR, China

After two years of decline, the Hong Kong market for condensed or evaporated milk (unsweetened) increased by 4.4% to $X in 2021. Overall, consumption, however, recorded a pronounced slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Hong Kong SAR, China

In 2021, shipments abroad of condensed or evaporated milk (unsweetened) was finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a deep downturn. The growth pace was the most rapid in 2013 when exports increased by 66%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports stood at $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Hong Kong SAR, accounting for a 96% share of total exports. It was followed by Taiwan (Chinese) (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+7.3% per year) and China (-41.9% per year).

In value terms, Macao SAR ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.4% per year) and China (-44.8% per year).

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China ($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 Macao SAR (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Hong Kong SAR, China

In 2021, purchases abroad of condensed or evaporated milk (unsweetened) was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, recorded a mild contraction. The growth pace was the most rapid in 2016 when imports increased by 8.4% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports rose modestly to $X in 2021. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2014 with an increase of 18% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to Hong Kong SAR, together accounting for 89% of total imports. Singapore, Lithuania and China lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +33.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Malaysia ($X) and Thailand ($X) were the largest unsweetened condensed and evaporated milk suppliers to Hong Kong SAR, with a combined 87% share of total imports. These countries were followed by Singapore, Lithuania and China, which together accounted for a further 11%.

Among the main suppliers, Lithuania, with a CAGR of +33.8%, saw the highest growth rate of 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

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, 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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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