Report Update Nov 1, 2024

Hong Kong SAR, China - Evaporated and Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Hong Kong SAR, China

The Hong Kong evaporated and condensed milk market dropped to $X in 2022, declining by -2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a noticeable setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Hong Kong SAR, China

Evaporated and condensed milk exports from Hong Kong SAR dropped to X tons in 2022, remaining stable against the year before. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 79%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk exports rose sharply to $X in 2022. Over the period under review, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of 64%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for evaporated and condensed milk exports from Hong Kong SAR, accounting for a 95% share of total exports. It was followed by Taiwan (Chinese) (X tons), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+5.3% per year) and China (-30.7% per year).

In value terms, Macao SAR ($X) remains the key foreign market for evaporated and condensed milk exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.0% per year) and China (-27.2% per year).

Export Prices by Country

In 2022, the average evaporated and condensed milk export price amounted to $X per ton, with an increase of 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 20% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Evaporated And Condensed Milk

Imports into Hong Kong SAR, China

Evaporated and condensed milk imports into Hong Kong SAR contracted to X tons in 2022, declining by -10% on the year before. Overall, imports saw a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of 8.8% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, evaporated and condensed milk imports totaled $X in 2022. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 9.2%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of evaporated and condensed milk imports to Hong Kong SAR, with a combined 84% share of total imports. Singapore, China and Lithuania lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +27.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest evaporated and condensed milk suppliers to Hong Kong SAR were the Netherlands ($X), Malaysia ($X) and Thailand ($X), with a combined 79% share of total imports. China, Singapore and Lithuania lagged somewhat behind, together accounting for a further 17%.

Lithuania, with a CAGR of +30.1%, saw the highest rates of growth with regard to 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 evaporated and condensed milk import price stood at $X per ton in 2022, rising by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for evaporated and condensed milk in the world?

The United States constituted the country with the largest volume of evaporated and condensed milk consumption, comprising approx. 19% of total volume. Moreover, evaporated and condensed milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Peru, twofold. Malaysia ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of evaporated and condensed milk in the world?

The countries with the highest volumes of evaporated and condensed milk production in 2020 were the United States, Peru and Germany, with a combined 38% share of global production. These countries were followed by Malaysia, the Netherlands, Saudi Arabia, Belarus, Mexico, Singapore, Russia, the UK, France and Belgium, which together accounted for a further 40%.

What are the leading suppliers of evaporated and condensed milk to Hong Kong SAR, China?

In value terms, the Netherlands constituted the largest supplier of evaporated and condensed milk to Hong Kong SAR, comprising 45% of total imports. The second position in the ranking was occupied by Malaysia, with a 17% share of total imports. It was followed by Thailand, with a 16% share.

What are the leading importers of evaporated and condensed milk from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for evaporated and condensed milk exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was occupied by Singapore, with a 2% share of total exports.

What is the average export price for evaporated and condensed milk in Hong Kong SAR, China?

In 2020, the average evaporated and condensed milk export price amounted to $1,966 per ton, picking up by 2% against the previous year.

What is the average import price for evaporated and condensed milk in Hong Kong SAR, China?

The average evaporated and condensed milk import price stood at $1,516 per ton in 2020, growing by 3.6% against the previous year.

This report provides an in-depth analysis of the market for evaporated and condensed milk in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023