Food Market Trend in Hk

DEPARTMENT OF
PRIMARY INDUSTRIES

Hong Kong
Food Market Trends
JANUARY 2007

Cover picture: © Planet Retail www.planetretail.net
Published by the Victorian Government Department of Primary Industries
Melbourne, January 2007

Also published on www.dpi.vic.gov.au/trade
© The State of Victoria Department of Primary Industries 2006
This publication is copyright. No part may be reproduced by any process except in accordance with the

provisions of the Copyright Act 1968.

Authorised by the Victorian Government, GPO Box 4440, Melbourne.
ISBN 1 74106 968 8
For more information visit the website at www.dpi.vic.gov.au or contact the DPI Customer Service Centre
136 186.
Disclaimer
This publication may be of assistance to you but the State of Victoria and its employees do not guarantee that the publication is without flaw of any kind or is wholly appropriate for your particular purposes and

therefore disclaims all liability for any error, loss or other consequence which may arise from you relying on any information in this publication.

Produced by:

Agribusiness Group
Department of Primary Industries
1 Spring Street
PO Box 4440
Melbourne

Victoria 3001
Author:

Kit Chung
University of New England student working with the DPI Agribusiness Group

Editor:

Kira Goodall
Market Information Officer, Strategic Market Analysis
Agribusiness Group

EXECUTIVE SUMMARY

This report provides a general overview of the Hong Kong food market. It aims to identify opportunities for Victorian agri-food producers and exporters by examining current food trends and barriers in Hong Kong.

Hong Kong is an affluent economy and a free market with almost zero import tariffs (with four category exceptions, including an 80% tariff on wine). It is a net food importer, and a market

opportunity for high value food and beverages. Hong Kong is also a gateway for greater China’s food market, and a good test market for other parts of Asia.

References: Figure 1: Map of Hong Kong Special Administrative Region Source: HKSAR, 2006 autonomously except for foreign affairs and security. The Chief Executive is the head of Hong Kong (AUSTRADE, 2006 & HKSAR, 2006a). the ‘grey channel’ has declined due increased trade liberalisation in China (HKSAR, 2006a & 2006b; USDA, 2006b; Vic DPI, 2006). was nearly $14 billion by 6.99 million Hong Kong residents and 23 million tourists (USDA, 2006b). In 2005, Hong Kong imported $5.3 billion worth of high value food and $1.9 billion worth of fish & seafood products (USDA, 2006c) Opportunities for Victorian food exports include fruit and vegetables, seafood (mostly abalone, scallops and live lobsters), wine, dairy products, meat and functional foods (AUSTRADE, 2006). flu (H5N1), contaminated fish and pork, vegetables with excessive or banned pesticides and counterfeit food (USDA, 2004a). standards (USDA, 2006) An increasing number of women in the