What is the price of malt extract per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong malt extract is between US$ 20.42 and US$ 31.85 per kilogram or between US$ 9.26 and US$ 14.45 per pound(lb). Click here to see today's exact prices of malt extract in Hong Kong
The retail price range in Hong Kong Dollar for malt extract is between HKD 159.64 and HKD 248.97 per kilogram or between HKD 72.40 and HKD 112.91 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong malt extract is between US$ 14.30 and US$ 22.30 per kilogram or between US$ 6.48 and US$ 10.11 per pound(lb).
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Hong Kong Malt Extract Export Prices - Historical, Trends and Prediction
The export price of Malt Extract from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price of Malt Extract from Hong Kong in 2022 was $3.05 per kilogram. This represents a 24.5% increase in the price of Malt Extract from Hong Kong over the past five years. Based on this trend, it is likely that the export price of Malt Extract from Hong Kong in 2023 and 2024 will be $3.20 and $3.35 per kilogram, respectively.The exports of malt extract from Hong Kong are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
Hong Kong Malt Extract Import Prices - Historical, Trends and Prediction
The import price of Malt Extract into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the import price of Malt Extract into Hong Kong in 2022 was $3.05 per kilogram. Overall, the import price of Malt Extract into Hong Kong has seen a steady increase of $0.15 per kilogram each year over the past five years. This trend is likely to continue in the coming years, and it is estimated that the import price of Malt Extract into Hong Kong in 2023 will be around $3.20 per kilogram, and in 2024 it will be around $3.35 per kilogram.Export values for Hong Kong malt extract
The total values in export for malt extract in Hong Kong were US$ 18,420, US$ 14,517, US$ 15,748 and US$ 13,695 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of malt extract in other countries across Asia: Kazakhstan malt extract, Kyrgyzstan malt extract, Tajikistan malt extract, Turkmenistan malt extract, Uzbekistan malt extract, China malt extract, Hong Kong malt extract, Macao malt extract, North Korea malt extract & Mongolia malt extract.
Hong Kong malt extract - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 2,919 tonnes of malt extract. For 2019 alone, the market for Hong Kong malt extract (processed category) has decreased, changing by -6.382 per cent compared to the year 2018. Between 2017 and 2019, malt extract's exports increased by 5.95% earning the country US$13.70m for the year 2019. Hong Kong's malt extract exports are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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Hong Kong malt extract export values
In 2019, Hong Kong shipped malt extract costing 13.70m USD, a decrease of -13.00% from 2018's total malt extract export of 15.748m USD. The yearly reduction in value of Hong Kong malt extract between 2017 to 2018 was 8.48 percent.
The per year variation in the amount of Hong Kong's malt extract exports between 2017 and 2019 was 5.95 per cent when compared to a variation of -6.382% in the growth rate between 2018 and 2019.
Hong Kong's portion of the world's total malt extract's exports in 2019 was less than 1%. The country holds position 61 in world exports of malt extract.
Export markets for Hong Kong malt extract ( in '000$ )
Hong Kong's best performing destinations for malt extract are China, Macao, US, Canada and the Philippines.
Import/Export Trends
Hong Kong is a net importer of malt extract. The annual growth of Hong Kong malt extract in value between 2015 to 2019 was -19%, per year, while annual growth in quantity was -6%, per annum.
Hong Kong brought in 7,454 tonnes of malt extract in 2019.