Bread, pastry, cakes, biscuits and bakers’ wares market in Hong Kong

Earlier Report Observations

The market volume for bread, pastry, cakes, biscuits and bakers’ wares in Hong Kong showed a pronounced V-shaped trajectory from 2018 to 2023. After reaching 76.1 thousand tons in 2018, it declined steadily to 74.2 thousand tons in 2019 and then more sharply to 65.6 thousand tons in 2020. The downturn continued in 2021, with the market shrinking to 57.6 thousand tons, marking the lowest point in the period.

A strong reversal began in 2022, as the market expanded by 17.7% to 67.8 thousand tons. Growth accelerated in 2023, with a further 22.3% increase lifting the market volume to 82.9 thousand tons, which exceeded the 2018 starting level by nearly 9%. This recovery phase added over 25 thousand tons to the market in just two years.

The overall movement from 2018 to 2023 resulted in a net increase of 6.8 thousand tons, equivalent to 8.9% growth over the five-year span. The market demonstrated resilience after the 2021 trough, achieving substantial year-on-year gains in both 2022 and 2023.

Production bread, pastry, cakes, biscuits and bakers’ wares in Hong Kong

In kind, 2017-2020, t

Top producers of bread, pastry, cakes, biscuits and bakers’ wares, 2017-2020

World map of production of bread, pastry, cakes, biscuits and bakers’ wares, 2017-2020

The market experienced significant fluctuations during this period. Production reached its lowest point in 2017, then peaked in 2018, showing a 5.3-fold difference between these years. In 2020, Hong Kong produced 1 835 tons of bread, pastry, cakes, biscuits, and bakers' wares, representing a 5.5% decline from 2019. The highest production volume was recorded in 2018 at 1 992 tons, with the largest increase occurring that same year at 428.1%.

Annual dynamics of production in Hong Kong in kind, 2017-2020, t

In value, 2017-2020, K $ US

Market behavior was volatile throughout these years. The lowest value was recorded in 2017, followed by a peak in 2019, with a 6.5-fold gap between these extremes. In 2020, the output of bread, pastry, cakes, biscuits, and bakers' wares in Hong Kong was valued at 18 872 thousand US dollars, marking a slight decline of 0.6% compared to 2019. The maximum value occurred in 2019 at 18 977 thousand US dollars, while the largest increase was observed in 2018 at 508.5%.

Annual dynamics of production in Hong Kong in value, 2017-2020, K $ US

Exports bread, pastry, cakes, biscuits and bakers’ wares from Hong Kong

Exports in kind, K t

After two consecutive years of growth, exports of bread, pastry, cakes, biscuits, and bakers' wares from Hong Kong declined. In 2020, exports reached 33.0 thousand tons, reflecting a modest drop of 4.0% compared to 2019. The highest export volume was recorded in 2019 at 34.4 thousand tons, with the largest increase occurring in 2018 at 4.2%.

Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, K t

From 2017 to 2020, exports of bread, pastry, cakes, biscuits, and bakers' wares from Hong Kong were primarily directed toward China and Macao, which together accounted for 84.6% of total flows. Other destinations played a more limited role in the export structure.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Hong Kong in kind, 2017-2020

Exports in value, M $ US

Cross-border shipments of bread, pastry, cakes, biscuits, and bakers' wares from Hong Kong increased for the third consecutive year. In 2020, exports amounted to 339.6 million US dollars, showing a slight rise of 1.0% compared to the previous year. Over the period from 2017 to 2020, exports grew by 35.1%, with a compound annual growth rate (CAGR) of 10.6%.

Annual dynamics of product's exports from Hong Kong in value, 2017-2020, M $ US

Between 2017 and 2020, China was the leading destination for exports in value terms, accounting for 72.1% of total flows. Other markets contributed smaller shares, forming a diverse but less significant group of trading partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Hong Kong in value, 2017-2020

Imports bread, pastry, cakes, biscuits and bakers’ wares to Hong Kong

Imports in kind, K t

Imports of bread, pastry, cakes, biscuits, and bakers' wares into Hong Kong declined for the second consecutive year. In 2020, imports amounted to 96.8 thousand tons, which is 9.2% lower than in 2019. From 2017 to 2020, imports decreased by 4%, equating to an annualized rate of 1.4%. The highest import volume was recorded in 2018 at 107.9 thousand tons, with the largest increase also occurring that year at 6.9%.

Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, K t

Throughout 2017 to 2020, China, Japan, and the United Kingdom were the key partners for imports in kind. China accounted for 44.3% of imports, Japan for 12.2%, and the United Kingdom for 5.4%, together representing 61.9% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Hong Kong in kind, 2017-2020

Imports in value, M $ US

Imports of bread, pastry, cakes, biscuits, and bakers' wares into Hong Kong declined for the second consecutive year. In 2020, imports reached 413.8 million US dollars, which is 11.8% less than the previous year. Over the period from 2017 to 2020, imports decreased by 7.1%, with a compound annual growth rate (CAGR) of -2.4%. The maximum value was recorded in 2018 at 500.4 million US dollars, with the largest increase also occurring that year at 12.3%.

Annual dynamics of product's imports to Hong Kong in value, 2017-2020, M $ US

From 2017 to 2020, China, Japan, and the United Kingdom formed the core group of partners for imports in value terms. China accounted for 30.7% of imports, Japan for 21.8%, and the United Kingdom for 5.9%, jointly representing 58.3% of total flows for bread, pastry, cakes, biscuits, and bakers' wares into Hong Kong.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Hong Kong in value, 2017-2020