Hong Kong SAR, China: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Hong Kong SAR, China

The Hong Kong market for chocolate bars with cereals, fruit or nuts shrank to $X in 2022, waning by -9.3% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Hong Kong SAR, China

In value terms, production of chocolate bars with cereals, fruit or nuts reduced to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 63% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Hong Kong SAR, China

In 2022, exports of chocolate bars with cereals, fruit or nuts from Hong Kong SAR contracted significantly to X tons, shrinking by -40.6% against 2021 figures. Overall, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 146% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts shrank dramatically to $X in 2022. In general, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 77%. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Hong Kong SAR, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +35.0%), while the other leaders experienced mixed trend patterns.

In value terms, Macao SAR ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for cereal, fruit or nut chocolate bar exported from Hong Kong SAR worldwide, together comprising 100% of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +47.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, rising by 10% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 45%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Macao SAR ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese) (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of chocolate bars with cereals, fruit or nuts decreased by -17.4% to X tons in 2022. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts shrank rapidly to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

Australia (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Hong Kong SAR, with a combined 42% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +78.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Belgium ($X) and the United States ($X) were the largest cereal, fruit or nut chocolate bar suppliers to Hong Kong SAR, with a combined 38% share of total imports.

Among the main suppliers, Australia, with a CAGR of +66.1%, saw 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

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, growing by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 12%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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