Hong Kong SAR, China - Sugar Cane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Cane Price in Hong Kong SAR - 2022
Contents:
- Sugar Cane Price in Hong Kong SAR (CIF) - 2022
- Sugar Cane Price in Hong Kong SAR (FOB) - 2022
- Sugar Cane Imports in Hong Kong SAR
- Sugar Cane Exports in Hong Kong SAR
Sugar Cane Price in Hong Kong SAR (CIF) - 2022
The average sugar cane import price stood at $629 per ton in 2022, reducing by -14.9% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 155%. As a result, import price attained the peak level of $2,927 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($653 per ton), while the price for China stood at $614 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.5%).
Sugar Cane Price in Hong Kong SAR (FOB) - 2022
In 2022, the average sugar cane export price amounted to $3,059 per ton, picking up by 12% against the previous year. Overall, the export price showed a buoyant increase. The growth pace was the most rapid in 2018 an increase of 63%. As a result, the export price attained the peak level of $6,736 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($24,000 per ton), while the average price for exports to Canada totaled $2,522 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Cane Imports in Hong Kong SAR
In 2022, approx. 43 tons of sugar cane were imported into Hong Kong SAR; surging by 9.3% against 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, imports reached the peak of 46 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sugar cane imports declined to $27K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 70%.
Import of Sugar Cane in Hong Kong SAR (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.3 | 22.3 | 25.8 | 25.7 | 35.6% |
Vietnam | 0.3 | 1.8 | 2.5 | 1.0 | 49.4% |
United States | 4.2 | N/A | N/A | N/A | 0% |
Others | N/A | 1.1 | 1.1 | 0.6 | -26.1% |
Total | 14.9 | 25.2 | 29.4 | 27.3 | 22.4% |
Top Suppliers of Sugar Cane to Hong Kong SAR in 2022:
- China (41.8 tons)
- Vietnam (1.5 tons)
Sugar Cane Exports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of sugar cane, when their volume decreased by -8% to 920 kg. The total export volume increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year.
In value terms, sugar cane exports stood at $2.8K in 2022. Overall, exports saw a pronounced downturn.
Export of Sugar Cane in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 2.1 | 2.2 | 1.7 | 2.3 | 3.1% |
Singapore | 0.8 | 0.7 | 0.5 | 0.6 | -9.1% |
United States | N/A | N/A | 0.5 | N/A | 0% |
Others | 0.2 | N/A | N/A | N/A | 0% |
Total | 3.0 | 2.9 | 2.7 | 2.8 | -2.3% |
Top Export Markets for Sugar Cane from Hong Kong SAR in 2022:
- Canada (897.0 kg)
- Singapore (23.0 kg)
This report provides an in-depth analysis of the sugar cane 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:
- FCL 156 - Sugar cane
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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Global sugar cane consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
In 2015, the country with the largest volume of the sugar cane output was Brazil (X thousand tons), accounting for X% of global production.
Spain continued its dominance in the global sugar cane trade. In 2014, Spain exported X kt of sugar cane totaling $X, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total sugar cane exports in
Spain became the main global supplier of sugar cane, shooting out of nowhere in the global exports structure, from X% in 2007 to X% in 2013.
Global chicory consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
In 2015, the country with the largest volume of the chicory output was Belgium (X thousand tons), accounting for X% of global production.
Despite somewhat disappointing export numbers in 2014, Italy continued to lead the way in the global chicory trade. In 2014, Italy exported X thousand tons of chicory totaling X million USD, X% under the previous year. Its primary trading partner w
Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9%
Global sugar beet consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the countries with the highest levels of sugar beet production were France (X thousand tons), Germany (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.