Hong Kong SAR, China: Market for Fresh cheese (unripened or uncured cheese), including whey cheese and curd 2021

Market Size for Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Hong Kong SAR, China

The Hong Kong market for fresh cheese (unripened or uncured cheese), including whey cheese and curd expanded notably to $X in 2020, rising by X% against the previous year. Overall, the total consumption indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Production of Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Hong Kong SAR, China

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd rose notably to $X in 2020 estimated in export prices. In general, the total production indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2012 when the production volume increased by X% y-o-y. Production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Exports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Exports from Hong Kong SAR, China

Exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Hong Kong SAR declined sharply to X tons in 2020, waning by -X% on the year before. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd reduced remarkably to $X in 2020. Over the period under review, exports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2019, and then shrank rapidly in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Hong Kong SAR, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macao SAR was relatively modest.

In value terms, Macao SAR ($X) also remains the key foreign market for fresh cheese (unripened or uncured cheese), including whey cheese and curd exports from Hong Kong SAR.

From 2007 to 2020, the average annual growth rate of value to Macao SAR amounted to +X%.

Export Prices by Country

In 2020, the average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to +X% per year.

Imports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Imports into Hong Kong SAR, China

Imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd into Hong Kong SAR declined to X tons in 2020, shrinking by -X% on the year before. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd shrank slightly to $X in 2020. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2011 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tons) constituted the largest supplier of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Hong Kong SAR, accounting for a X% share of total imports. Moreover, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Australia exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Italy (+X% per year).

In value terms, the largest fresh cheese (unripened or uncured cheese), including whey cheese and curd suppliers to Hong Kong SAR were Australia ($X), Italy ($X) and France ($X), together accounting for X% of total imports. These countries were followed by New Zealand, the U.S., the UK, Thailand, Malaysia and Sweden, which together accounted for a further X (+X% per year) 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 import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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