Hong Kong SAR, China: Dairy Spread Market 2025

Dairy Spread Market Size in Hong Kong SAR, China

The Hong Kong dairy spread market dropped slightly to $X in 2022, which is down by -3.3% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. Dairy spread consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Dairy Spread Production in Hong Kong SAR, China

In value terms, dairy spread production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 60%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports from Hong Kong SAR, China

In 2021, after three years of decline, there was decline in shipments abroad of dairy spreads, when their volume decreased by 0% to X kg. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 8,232%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, dairy spread exports amounted to $X in 2021. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 226% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X kg) was the main destination for dairy spread exports from Hong Kong SAR, with a approx. 5.2% share of total exports.

From 2016 to 2021, the average annual growth rate of volume to the Philippines was relatively modest.

From 2016 to 2021, the average annual rate of growth in terms of value to the Philippines was relatively modest.

Export Prices by Country

In 2021, the average dairy spread export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price faced a dramatic slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.8% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2016 to 2021, the rate of growth in terms of prices for the Philippines amounted to 0.0% per year.

Dairy Spread Imports

Imports into Hong Kong SAR, China

In 2022, dairy spread imports into Hong Kong SAR surged to X tons, growing by 58% compared with 2021. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 901% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, dairy spread imports skyrocketed to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 724%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ireland (X tons), the United States (X tons) and Ukraine (X tons) were the main suppliers of dairy spread imports to Hong Kong SAR, together comprising 60% of total imports. Australia and France lagged somewhat behind, together accounting for a further 4.1%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy spread suppliers to Hong Kong SAR were Ireland ($X), the United States ($X) and Ukraine ($X), together accounting for 60% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +29.6%, 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 dairy spread import price stood at $X per ton in 2022, dropping by -2.7% against the previous year. Over the period under review, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 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 France ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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