Report Update May 1, 2024

Hong Kong SAR, China - Processed Cheese (Excluding Grated or Powdered) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in Hong Kong SAR, China

In 2022, the Hong Kong market for processed cheese (excluding grated or powdered) decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a perceptible descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from Hong Kong SAR, China

In 2022, the amount of processed cheese (excluding grated or powdered) exported from Hong Kong SAR dropped remarkably to X tons, declining by X% compared with the previous year's figure. In general, exports showed a deep setback. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) contracted sharply to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at X%.

In value terms, Macao SAR ($X) also remains the key foreign market for processed cheese (excluding grated or powdered) exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Macao SAR totaled X%.

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Hong Kong SAR, China

In 2022, approx. X tons of processed cheese (excluding grated or powdered) were imported into Hong Kong SAR; waning by X% compared with 2021 figures. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of processed cheese (excluding grated or powdered) shrank to $X in 2022. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tons), the United States (X tons) and France (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Hong Kong SAR, together accounting for X% of total imports. Australia, the UK, Italy and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), France ($X) and the United States ($X) appeared to be the largest processed cheese (excluding grated or powdered) suppliers to Hong Kong SAR, together comprising X% of total imports. The UK, Italy, Australia and Singapore lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Singapore, with a CAGR of X%, recorded 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 import price for processed cheese (excluding grated or powdered) amounted to $X per ton, rising by X% against the previous year. In general, the import price recorded mild growth. As a result, import price reached 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 France ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), 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 processed cheese (excluding grated or powdered) in the world?

The countries with the highest volumes of consumption in 2022 were Germany, France and Italy, with a combined 24% share of global consumption. Spain, Australia, Egypt, Turkey, the UK, Saudi Arabia, Poland, New Zealand, El Salvador and Morocco lagged somewhat behind, together comprising a further 37%.

What are the largest producers of processed cheese (excluding grated or powdered) in the world?

The countries with the highest volumes of production in 2022 were Germany, France and Egypt, together comprising 33% of global production. Bahrain, Spain, Australia, Poland, Turkey, New Zealand, Italy, Austria, Belgium and Morocco lagged somewhat behind, together accounting for a further 46%.

What are the leading suppliers of processed cheese (excluding grated or powdered) to Hong Kong SAR, China?

In value terms, New Zealand, France and the United States were the largest processed cheese excluding grated or powdered) suppliers to Hong Kong SAR, together accounting for 50% of total imports. The UK, Italy, Australia and Singapore lagged somewhat behind, together comprising a further 34%.

What are the leading importers of processed cheese (excluding grated or powdered) from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for processed cheese excluding grated or powdered) exports from Hong Kong SAR.

What is the average export price for processed cheese (excluding grated or powdered) in Hong Kong SAR, China?

The average export price for processed cheese excluding grated or powdered) stood at $7,756 per ton in 2022, shrinking by -4.1% against the previous year.

What is the average import price for processed cheese (excluding grated or powdered) in Hong Kong SAR, China?

The average import price for processed cheese excluding grated or powdered) stood at $7,624 per ton in 2022, rising by 11% against the previous year.

This report provides an in-depth analysis of the market for processed cheese (excluding grated or powdered) 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 10514070 - Processed cheese (excluding grated or powdered)

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