Hong Kong SAR, China: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Hong Kong SAR, China

The Hong Kong market for pasta stuffed with meat, fish and cheese stood at $X in 2022, growing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Hong Kong SAR, China

In 2022, overseas shipments of pasta stuffed with meat, fish and cheese decreased by -29.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, enjoyed tangible growth. The growth pace was the most rapid in 2019 with an increase of 94%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat, fish or cheese pasta exports fell remarkably to $X in 2022. Over the period under review, exports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 70% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for meat, fish or cheese pasta exports from Hong Kong SAR, accounting for a 44% share of total exports. Moreover, meat, fish or cheese pasta exports to Macao SAR exceeded the volume sent to the second major destination, the United States (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.7% per year) and Canada (+7.7% per year).

In value terms, the largest markets for meat, fish or cheese pasta exported from Hong Kong SAR were Macao SAR ($X), the United States ($X) and Canada ($X), with a combined 85% share of total exports. Singapore, Australia, the Philippines and China lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, the Philippines, with a CAGR of +48.6%, recorded 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 export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, shrinking by -21.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 an increase of 36%. As a result, the export price attained the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the Philippines ($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 (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Hong Kong SAR, China

For the fifth year in a row, Hong Kong SAR recorded growth in supplies from abroad of pasta stuffed with meat, fish and cheese, which increased by 8.7% to X tons in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +43.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 14%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, meat, fish or cheese pasta imports expanded notably to $X in 2022. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 26%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of meat, fish or cheese pasta to Hong Kong SAR, with a 74% share of total imports. Moreover, meat, fish or cheese pasta imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. Japan (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+32.1% per year) and Japan (+22.8% per year).

In value terms, China ($X) constituted the largest supplier of pasta stuffed with meat, fish and cheese to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Japan, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+43.9% per year) and Japan (+21.5% per year).

Import Prices by Country

In 2022, the average import price for pasta stuffed with meat, fish and cheese amounted to $X per ton, declining by -2.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2021, and then declined modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :