Hong Kong SAR, China: Lactose Market 2025

Lactose Market Size in Hong Kong SAR, China

In 2022, the Hong Kong lactose market increased by 21% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption enjoyed a notable increase. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Lactose Exports

Exports from Hong Kong SAR, China

In 2022, lactose exports from Hong Kong SAR dropped significantly to X tons, which is down by -64.9% on 2021 figures. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 1,940% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, lactose exports expanded modestly to $X in 2022. Overall, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,742% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X tons) and South Korea (X tons) were the main destinations of lactose exports from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +23,462.5%).

In value terms, South Korea ($X) remains the key foreign market for lactose and lactose syrup exports from Hong Kong SAR, comprising 53% of total exports. The second position in the ranking was held by Ireland ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea stood at +39,635.0%.

Export Prices by Country

The average lactose export price stood at $X per ton in 2022, growing by 195% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Ireland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+68.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lactose Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of lactose and lactose syrup were imported into Hong Kong SAR; reducing by -3.4% against 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 279% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, lactose imports skyrocketed to $X in 2022. In general, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2013 when imports increased by 270%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest lactose supplier to Hong Kong SAR, with a 85% share of total imports. Moreover, lactose imports from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at +2.9%.

In value terms, New Zealand ($X) constituted the largest supplier of lactose and lactose syrup to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand totaled +3.1%.

Import Prices by Country

The average lactose import price stood at $X per ton in 2022, surging by 31% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lactose import price increased by +55.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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