Hong Kong SAR, China - Ice Cream - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIce Cream Price in Hong Kong SAR - 2023
Contents:
- Ice Cream Price in Hong Kong SAR (CIF) - 2023
- Ice Cream Price in Hong Kong SAR (FOB) - 2023
- Ice Cream Imports in Hong Kong SAR
- Ice Cream Exports in Hong Kong SAR
Ice Cream Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average ice cream import price amounted to $5,320 per ton, remaining relatively unchanged against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices attained the peak figure at $5,757 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Switzerland ($8,929 per ton), while the price for Thailand ($3,023 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Ice Cream Price in Hong Kong SAR (FOB) - 2023
The average ice cream export price stood at $2,860 per ton in September 2023, increasing by 18% against the previous month. In general, the export price, however, showed a mild decrease. Over the period under review, the average export prices attained the peak figure at $3,401 per ton in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($4,336 per ton), while the average price for exports to Macao SAR stood at $2,714 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (0.0%), while the prices for the other major destinations experienced a decline.
Ice Cream Imports in Hong Kong SAR
In 2022, supplies from abroad of ice cream decreased by -3.1% to 9.2K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ice cream imports dropped significantly to $47M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.
| Import of Ice Cream in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.4 | 22.2 | 25.7 | 16.7 | -13.0% |
| Japan | 4.6 | 9.0 | 9.8 | 10.3 | 30.8% |
| South Korea | 3.0 | 3.5 | 3.6 | 4.8 | 17.0% |
| Switzerland | 0.9 | 0.1 | 5.2 | 3.9 | 63.0% |
| China | 2.5 | 3.0 | 3.2 | 3.7 | 14.0% |
| Netherlands | 4.3 | 5.5 | 2.8 | 2.0 | -22.5% |
| Thailand | 1.0 | 1.2 | 0.9 | 1.4 | 11.9% |
| New Zealand | 0.1 | 1.0 | 0.7 | 1.0 | 115.4% |
| Others | 2.5 | 5.7 | 3.9 | 3.0 | 6.3% |
| Total | 44.4 | 51.0 | 55.8 | 46.9 | 1.8% |
Top Suppliers of Ice Cream to Hong Kong SAR in 2022:
- France (3.2K tons)
- Japan (1.6K tons)
- South Korea (1.3K tons)
- China (1.2K tons)
- Switzerland (0.5K tons)
- Thailand (0.4K tons)
- Netherlands (0.3K tons)
- New Zealand (0.2K tons)
Ice Cream Exports in Hong Kong SAR
Ice cream exports from Hong Kong SAR amounted to 2.2K tons in 2022, with an increase of 3% compared with the year before. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, ice cream exports expanded slightly to $8.2M in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Ice Cream in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 6.3 | 6.0 | 7.4 | 6.3 | 0.0% |
| Taiwan (Chinese) | 0.5 | 0.1 | 0.1 | 0.9 | 21.6% |
| China | 0.2 | 0.1 | N/A | 0.5 | 35.7% |
| Singapore | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
| Others | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Total | 7.3 | 6.5 | 7.9 | 8.2 | 4.0% |
Top Export Markets for Ice Cream from Hong Kong SAR in 2022:
- Macao SAR (1858.0 tons)
- Taiwan (Chinese) (152.5 tons)
- China (147.2 tons)
- Singapore (71.9 tons)
This report provides an in-depth analysis of the ice cream 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 10521000 - Ice cream and other edible ice (including sherbet, lollipops) (excluding mixes and bases for ice cream)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the ice cream market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global ice cream market.
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This report provides an in-depth analysis of the ice cream market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global ice cream market.
225
In March 2023, the growth of ice cream imports reached its peak with a remarkable increase of 139% compared to the previous month. However, by October 2023, the value of ice cream imports drastically declined to $3.3M.
350
Explore the top import markets for ice cream worldwide, including Germany, United Kingdom, France, United States, and the Netherlands. Discover key statistics and market insights using IndexBox market intelligence platform.
2195
In 2016, approx. X tons of ice cream were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to ...
225
In March 2023, the growth of ice cream imports reached its peak with a remarkable increase of 139% compared to the previous month. However, by October 2023, the value of ice cream imports drastically declined to $3.3M.
350
Explore the top import markets for ice cream worldwide, including Germany, United Kingdom, France, United States, and the Netherlands. Discover key statistics and market insights using IndexBox market intelligence platform.
2195
In 2016, approx. X tons of ice cream were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to ...
