Report Update Nov 1, 2024

Hong Kong SAR, China - Malt - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Malt Market 2024

Malt Market Size in Hong Kong SAR, China

In 2022, the Hong Kong malt market decreased by -14.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Malt Exports

Exports from Hong Kong SAR, China

Malt exports from Hong Kong SAR was estimated at X tons in 2022, remaining constant against 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,204% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, malt exports stood at $X in 2022. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 864%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for malt exports from Hong Kong SAR, accounting for a 84% share of total exports. Moreover, malt exports to Nigeria exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria amounted to +18.4%.

In value terms, Nigeria ($X) remains the key foreign market for malt exports from Hong Kong SAR, comprising 92% of total exports. The second position in the ranking was held by China ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria totaled +18.4%.

Export Prices by Country

The average malt export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-25.8%).

Malt Imports

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in purchases abroad of malt, when their volume decreased by -26.7% to X tons. Overall, imports recorded a slight reduction. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, malt imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), Australia (X tons) and Belgium (X tons) were the main suppliers of malt imports to Hong Kong SAR, together accounting for 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +6.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest malt suppliers to Hong Kong SAR were China ($X), Australia ($X) and Belgium ($X), with a combined 88% share of total imports. Vietnam and France lagged somewhat behind, together comprising a further 3.9%.

Among the main suppliers, Vietnam, with a CAGR of +8.4%, 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

In 2022, the average malt import price amounted to $X per ton, growing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. 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 Vietnam ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), 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 malt in the world?

The country with the largest volume of malt consumption was China, accounting for 29% of total volume. Moreover, malt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Brazil ranked third in terms of total consumption with a 7% share.

What are the largest producers of malt in the world?

The country with the largest volume of malt production was China, accounting for 30% of total volume. Moreover, malt production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Germany, with a 5.8% share.

What are the leading suppliers of malt to Hong Kong SAR, China?

In value terms, Belgium, China and France were the largest malt suppliers to Hong Kong SAR, together comprising 84% of total imports. Vietnam and Australia lagged somewhat behind, together accounting for a further 7.8%.

What are the leading importers of malt from Hong Kong SAR, China?

In value terms, China remains the key foreign market for malt exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was occupied by Taiwan Chinese), with a 5.5% share of total exports.

What is the average export price for malt in Hong Kong SAR, China?

In 2021, the average malt export price amounted to $700 per ton, remaining relatively unchanged against the previous year.

What is the average import price for malt in Hong Kong SAR, China?

In 2021, the average malt import price amounted to $489 per ton, surging by 4.7% against the previous year.

This report provides an in-depth analysis of the malt 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 11061030 - Malt, not roasted (excluding alcohol duty)
Prodcom 11061050 - Roasted malt (excluding alcohol duty, products which have undergone further processing, roasted malt put up as coffee substitutes)

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