Hong Kong SAR, China: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Hong Kong SAR, China

The Hong Kong mixes and doughs market fell slightly to $X in 2022, declining by -3.2% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +22.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mixes And Doughs Production in Hong Kong SAR, China

In value terms, mixes and doughs production declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed modest growth. The pace of growth was the most pronounced in 2013 with an increase of 87%. Mixes and doughs production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Mixes And Doughs Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of mixes and doughs decreased by -33.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mixes and doughs exports contracted significantly to $X in 2022. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Macao SAR (X tons) and Singapore (X tons) were the main destinations of mixes and doughs exports from Hong Kong SAR, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +50.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixes and doughs exported from Hong Kong SAR were China ($X), Macao SAR ($X) and Singapore ($X), together accounting for 97% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +53.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, growing by 16% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixes and doughs export price increased by +68.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the Philippines ($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 China (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of mixes and doughs increased by 0.9% to X tons, rising for the seventh year in a row after three years of decline. In general, imports enjoyed a measured increase. The pace of growth was the most pronounced in 2018 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, mixes and doughs imports shrank slightly to $X in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 43%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mixes and doughs to Hong Kong SAR, with a 56% share of total imports. Moreover, mixes and doughs imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was held by Australia (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.5% per year) and Australia (-1.0% per year).

In value terms, China ($X) constituted the largest supplier of mixes and doughs to Hong Kong SAR, comprising 55% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by Australia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.4% per year) and Australia (-5.4% per year).

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, declining by -4.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 14%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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