Hong Kong SAR, China - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in Hong Kong SAR - 2023
Contents:
- Sparkling Wine Price in Hong Kong SAR (CIF) - 2023
- Sparkling Wine Price in Hong Kong SAR (FOB) - 2023
- Sparkling Wine Imports in Hong Kong SAR
- Sparkling Wine Exports in Hong Kong SAR
Sparkling Wine Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average sparkling wine import price amounted to $45.3 per litre, with an increase of 64% against the previous month. Over the period under review, import price indicated tangible growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, sparkling wine import price increased by +106.4% against April 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($93.3 per litre), while the price for Italy ($6.1 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sparkling Wine Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average sparkling wine export price amounted to $47.7 per litre, which is down by -2.6% against the previous month. In general, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in April 2023 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices attained the peak figure at $73.3 per litre in October 2022; however, from November 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($249 per litre), while the average price for exports to China ($20.6 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.7%), while the prices for the other major destinations experienced a decline.
Sparkling Wine Imports in Hong Kong SAR
After three years of growth, supplies from abroad of sparkling wine decreased by -53.8% to 2.8M litres in 2022. In general, imports faced a deep setback. The growth pace was the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of 6.1M litres, and then declined significantly in the following year.
In value terms, sparkling wine imports shrank rapidly to $82M in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $214M, and then declined remarkably in the following year.
| Import of Sparkling Wine in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 18.5 | 28.4 | 43.8 | 42.9 | 32.4% |
| France | 25.5 | 26.7 | 35.0 | 26.2 | 0.9% |
| Italy | 2.5 | 2.5 | 3.8 | 3.5 | 11.9% |
| Belgium | 0.2 | 0.9 | 1.7 | 3.3 | 154.6% |
| United Kingdom | 4.4 | 2.1 | 2.8 | 1.1 | -37.0% |
| Spain | 0.5 | 1.2 | 1.9 | 1.1 | 30.1% |
| Japan | N/A | 0.4 | 0.5 | 0.7 | 32.3% |
| Australia | 0.6 | 0.9 | 0.6 | 0.6 | 0.0% |
| Netherlands | 4.6 | 4.7 | 9.1 | 0.1 | -72.1% |
| Others | 69.2 | 78.9 | 115 | 2.7 | -66.1% |
| Total | 126 | 147 | 214 | 82.0 | -13.3% |
Top Suppliers of Sparkling Wine to Hong Kong SAR in 2022:
- France (862.8K litres)
- Singapore (817.8K litres)
- Italy (619.2K litres)
- Spain (128.2K litres)
- Australia (79.5K litres)
- Japan (73.3K litres)
- Belgium (60.2K litres)
- United Kingdom (57.4K litres)
- Netherlands (4.4K litres)
Sparkling Wine Exports in Hong Kong SAR
In 2022, approx. 252K litres of sparkling wine were exported from Hong Kong SAR; which is down by -54.8% on 2021. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of 557K litres, and then plummeted in the following year.
In value terms, sparkling wine exports fell markedly to $16M in 2022. Overall, exports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $32M, and then declined markedly in the following year.
| Export of Sparkling Wine in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 4.2 | 8.8 | 5.4 | 44.2% |
| Macao SAR | 4.3 | 2.5 | 3.1 | 3.1 | -10.3% |
| Singapore | 0.3 | 0.2 | 0.2 | 2.5 | 102.7% |
| Taiwan (Chinese) | 0.1 | 0.6 | 1.5 | 1.6 | 152.0% |
| Thailand | N/A | 0.5 | 1.3 | 0.4 | -10.6% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 8.2 | 9.0 | 16.8 | 2.2 | -35.5% |
| Total | 14.7 | 16.9 | 31.7 | 15.5 | 1.8% |
Top Export Markets for Sparkling Wine from Hong Kong SAR in 2022:
- China (110.8K litres)
- Macao SAR (50.8K litres)
- Singapore (38.5K litres)
- Taiwan (Chinese) (22.6K litres)
- United Kingdom (6.0K litres)
- Thailand (5.1K litres)
- United Arab Emirates (4.2K litres)
This report provides an in-depth analysis of the sparkling wine 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 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
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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