What is the price of sugar per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong sugar is between US$ 1.96 and US$ 2.97 per kilogram or between US$ 0.89 and US$ 1.35 per pound(lb). Click here to see today's exact prices of sugar in Hong Kong
The retail price range in Hong Kong Dollar for sugar is between HKD 15.32 and HKD 23.25 per kilogram or between HKD 6.95 and HKD 10.54 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong sugar is between US$ 1.37 and US$ 2.08 per kilogram or between US$ 0.62 and US$ 0.94 per pound(lb).
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Hong Kong Sugar Export Prices - Historical, Trends and Prediction
The export price of sugar from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.55, and in 2021 it further increased to $0.60. This year, the export price per kilogram of sugar from Hong Kong is $0.65. Looking ahead, it is likely that the export price of sugar from Hong Kong will continue to increase in the coming years. Based on the data, it is predicted that the export price per kilogram of sugar from Hong Kong will be $0.70 in 2023 and $0.75 in 2024.The exports of sugar from Hong Kong are categorised as:
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
Hong Kong Sugar Import Prices - Historical, Trends and Prediction
The import price of sugar into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.55, and in 2021 it further increased to $0.60. This year, the import price per kilogram of sugar into Hong Kong is $0.65. Overall, the import price of sugar into Hong Kong has increased by 44.44% over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price per kilogram of sugar into Hong Kong will reach $0.70 in 2023 and $0.75 in 2024.Export values for Hong Kong sugar
The total values in export for sugar in Hong Kong were US$ 13,117, US$ 15,172, US$ 9,775 and US$ 9,559 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 sugar in other countries across Asia: Kazakhstan sugar, Kyrgyzstan sugar, Tajikistan sugar, Turkmenistan sugar, Uzbekistan sugar, China sugar, Hong Kong sugar, Macao sugar, North Korea sugar & Mongolia sugar.
Hong Kong sugar - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 14,232 tonnes of sugar. Across 2019 alone, the interest in Hong Kong sugar (processed category) has gone up, recording a change of 0.5795053 pc compared to the year 2018. Between 2017 and 2019, sugar's exports went down by -31.37% bringing the nation US$9.56m for the year 2019. Hong Kong's sugar exports are categorised as:
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
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Hong Kong sugar export values
In 2019, Hong Kong supplied sugar with a value of 9.56m USD, a reduction of -2.20% from 2018's total sugar export of 9.775m USD. The yearly change in value of Hong Kong sugar between 2017 to 2018 was -35.572 percent.
The yearly change in the quantity of Hong Kong's sugar exports between 2017 and 2019 was -31.37 per cent in comparison to a variation of 0.5795053% in the period between 2018 and 2019.
Export markets for Hong Kong sugar ( in '000$ )
Hong Kong's top destinations for sugar are Macao, China, Singapore, Denmark and Russia.
Hong Kong bought 225,380 tonnes of sugar in 2019.