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The Hong Kong beer market contracted to $115M in 2024, waning by -13.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $137M. From 2016 to 2024, the growth of the market remained at a somewhat lower figure.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
In January 2023, beer prices stood at $955 per thousand litres (CIF, Hong Kong, China), rising 4.1% from the previous month.
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In 2023, overseas purchases of beer were finally on the rise to reach 145M litres for the first time since 2020, thus ending a two-year declining trend.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The Hong Kong beer market contracted to $115M in 2024, waning by -13.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $137M. From 2016 to 2024, the growth of the market remained at a somewhat lower figure.