Hong Kong: Hong Kong Bakery Goods Market
Hong Kong is the ninth largest importer of baked goods in the world, with imports valued at $870 million. Major import categories included pastries, bread, and cakes. For the first ten months of 2021, Hong Kong imports of baked goods were $721 million, a modest increase of 1.61 percent over the same period in 2020. Retail sales of baked goods were also strong at $694 million and expected to reach $769 million in 2021 and $805 million in 2022. In January 2021, USDA organized the first bakery virtual trade event, Hong Kong buyers’ participation at this event signaled there is interest for U.S. baked goods in this market.