Hong Kong: The Renewal of the Hong Kong Spirits Market

  |   Attaché Report (GAIN)   |   HK2023-0006

In 2022, Hong Kong was the world’s tenth largest spirits importer, with global imports recovering 7 percent year-on-year and valued at $502 million. From 2020-2021, Hong Kong’s imports and domestic sales of spirits were seriously hampered under the COVID-19 pandemic, as most restaurants, pubs, and bars were closed due to stringent dining, social distancing, and travel restrictions. However, as the local pandemic situation has improved, Hong Kong has lifted its dining and travel restrictions. As a result, Hong Kong is set to welcome the return of multi-million international visitors and local consumers to enjoy fine food and spirits. Annual domestic spirits for 2022 are expected to recover to $436 million, an improvement 18 percent over sales in 2021. Domestic sales are expected to continue recovering and grow to $503 million by 2026.

Related Reports

The Kenyan dairy and beef sectors are important drivers of the country’s economic growth, yet both sectors are unable to meet domestic demand. The challenges facing Kenya’s dairy and beef sectors present opportunities for U.S. technical capacity building in research, knowledge, and technology transfer.
Attaché Report (GAIN)

South Korea: Poultry and Products Annual

Chicken production in South Korea will continue its gradual growth trend through 2024 and into 2025, as poultry inventories recover from productivity challenges in 2023 and fend off a 2024 outbreak of HPAI.
Attaché Report (GAIN)

Japan: Livestock and Products Annual

FAS/Tokyo forecasts cattle inventory expands in 2025 on greater cow beginning stocks and a moderate pace of slaughtering from 2024.