Report Update Nov 1, 2024

Hong Kong SAR, China - Food Preparations for Infants - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Baby Food Market 2024

Baby Food Market Size in Hong Kong SAR, China

In 2021, the Hong Kong baby food market increased by 48% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Baby Food Production in Hong Kong SAR, China

In value terms, baby food production fell to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 60% against the previous year. Baby food production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Baby Food Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of food preparations for infants decreased by -30.8% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 742%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, baby food exports shrank sharply to $X in 2021. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2016 with an increase of 453% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for baby food exports from Hong Kong SAR, accounting for a 96% share of total exports. It was followed by Macao SAR (X tons), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +79.5%.

In value terms, China ($X) remains the key foreign market for food preparations for infants exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +108.1%.

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 102% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.0%).

Baby Food Imports

Imports into Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in purchases abroad of food preparations for infants, when their volume increased by 59% to X tons. In general, imports posted a resilient expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, baby food imports surged to $X in 2021. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2014 when imports increased by 100% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest baby food supplier to Hong Kong SAR, accounting for a 53% share of total imports. Moreover, baby food imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Australia (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+49.7% per year) and Australia (+12.2% per year).

In value terms, the largest baby food suppliers to Hong Kong SAR were China ($X), Germany ($X) and the Netherlands ($X), with a combined 80% share of total imports.

In terms of the main suppliers, China, with a CAGR of +84.7%, recorded 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 2021, the average baby food import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 an increase of 56%. The import price peaked at $X per ton in 2015; however, from 2016 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, the country with the highest price was China ($X per ton), while the price for Austria ($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 (+23.4%), 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 food preparations for infants in the world?

The countries with the highest volumes of baby food consumption in 2020 were China, the United States and India, together accounting for 29% of global consumption. Nigeria, Japan, Russia, Pakistan, Brazil, Ireland, Bangladesh, Indonesia, Mexico and Ethiopia lagged somewhat behind, together comprising a further 25%.

What are the largest producers of food preparations for infants in the world?

The countries with the highest volumes of baby food production in 2020 were China, the United States and India, with a combined 26% share of global production. Ireland, Japan, the Netherlands, France, Russia, Pakistan, Brazil, Indonesia, Mexico and Bangladesh lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of food preparations for infants to Hong Kong SAR, China?

In value terms, the largest baby food suppliers to Hong Kong SAR were China, the United States and Austria, with a combined 60% share of total imports. Ireland, Germany, Slovenia and New Zealand lagged somewhat behind, together comprising a further 29%.

What are the leading importers of food preparations for infants from Hong Kong SAR, China?

In value terms, China remains the key foreign market for baby food exports from Hong Kong SAR, comprising 97% of total exports. The second position in the ranking was occupied by Macao SAR, with a 2.7% share of total exports.

What is the average export price for food preparations for infants in Hong Kong SAR, China?

The average baby food export price stood at $13,595 per ton in 2020, rising by 67% against the previous year.

What is the average import price for food preparations for infants in Hong Kong SAR, China?

The average baby food import price stood at $12,290 per ton in 2020, remaining stable against the previous year.

This report provides an in-depth analysis of the baby food market 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:

Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023