Report Update Nov 1, 2024

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

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Hong Kong SAR, China: Vitamin Market 2024

Vitamin Market Size in Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in the Hong Kong vitamin market, when its value decreased by -29.3% to $X. In general, consumption recorded a deep downturn. Vitamin consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vitamin Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of provitamins and vitamins were exported from Hong Kong SAR; waning by -30.3% on the year before. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 132%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, vitamin exports declined to $X in 2021. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 96% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and India (X tons) were the main destinations of vitamin exports from Hong Kong SAR, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +68.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for provitamins and vitamins exports from Hong Kong SAR, comprising 44% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by India, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+49.4% per year) and India (+5.3% per year).

Export Prices by Country

The average vitamin export price stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vitamin export price decreased by -14.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 86%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Hong Kong SAR, China

Vitamin imports into Hong Kong SAR dropped notably to X tons in 2021, with a decrease of -36.4% against the previous year. Overall, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 78%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, vitamin imports fell to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 95%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of vitamin imports to Hong Kong SAR, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +34.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest vitamin suppliers to Hong Kong SAR were the United States ($X), China ($X) and Australia ($X), together comprising 90% of total imports.

Australia, with a CAGR of +30.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average vitamin import price amounted to $X per ton, with an increase of 34% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for provitamins and vitamins in the world?

The countries with the highest volumes of vitamin consumption in 2020 were India, China and the United States, with a combined 53% share of global consumption. These countries were followed by Canada, Germany, Japan, the UK, Italy and France, which together accounted for a further 21%.

What are the largest producers of provitamins and vitamins in the world?

The countries with the highest volumes of vitamin production in 2020 were China, India and Canada, with a combined 77% share of global production. Germany, Japan, Switzerland, the UK, Italy and France lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of provitamins and vitamins to Hong Kong SAR, China?

In value terms, the United States constituted the largest supplier of vitamin to Hong Kong SAR, comprising 45% of total imports. The second position in the ranking was occupied by China, with a 22% share of total imports. It was followed by Australia, with a 7.5% share.

What are the leading importers of provitamins and vitamins from Hong Kong SAR, China?

In value terms, China remains the key foreign market for vitamin exports from Hong Kong SAR, comprising 66% of total exports. The second position in the ranking was occupied by Sri Lanka, with a 5.2% share of total exports. It was followed by Iran, with a 3.8% share.

What is the average export price for provitamins and vitamins in Hong Kong SAR, China?

In 2020, the average vitamin export price amounted to $16,803 per ton, waning by -35.3% against the previous year.

What is the average import price for provitamins and vitamins in Hong Kong SAR, China?

The average vitamin import price stood at $24,891 per ton in 2020, reducing by -15.5% against the previous year.

This report provides an in-depth analysis of the vitamin 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 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent

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