Hong Kong SAR, China: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Hong Kong SAR, China

In 2022, the Hong Kong rusks and toasted bread market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Rusks, Toasted Bread and Similar Toasted Products in Hong Kong SAR, China

In value terms, rusks and toasted bread production rose rapidly to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Rusks and toasted bread production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Hong Kong SAR, China

In 2022, overseas shipments of rusks, toasted bread and similar toasted products decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, rusks and toasted bread exports contracted rapidly to $X in 2022. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined significantly in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for rusks and toasted bread exports from Hong Kong SAR, with a X% share of total exports. Moreover, rusks and toasted bread exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Mauritius (X% per year).

In value terms, Macao SAR ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Mauritius (X% per year).

Export Prices by Country

In 2022, the average rusks and toasted bread export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rusks and toasted bread export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Mauritius ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Hong Kong SAR, China

In 2022, imports of rusks, toasted bread and similar toasted products into Hong Kong SAR plummeted to X tons, which is down by X% against the previous year. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, rusks and toasted bread imports shrank markedly to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of rusks and toasted bread to Hong Kong SAR, with a X% share of total imports. Moreover, rusks and toasted bread imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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