1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:October 03,2024 Report Number:HK2024-0054 Report Name:Retail Foods Annual Country:Hong Kong Post:Hong
2、Kong Report Category:Retail Foods Prepared By:FAS Hong Kong Staff Approved By:Garrett Mcdonald Report Highlights:Hong Kongs food retail sales remained stable at$12.2 billion in 2023,however retailers face growing challenges as more budget-minded residents travel to mainland China to save on food pur
3、chases,leading to a 4.7 percent decline in food retail sales in the first seven months of 2024.In 2023,Hong Kongs global imports of food and agricultural related products were flat at$24 billion.The same year,U.S.exports of agricultural and related products to Hong Kong reversed a four-year decline,
4、rebounding to$1.69 billion and retained its position as the citys third largest supplier.From January to July 2024,U.S.exports to Hong Kong reached$876 million,a one percent increase over the prior year.Market Fact Sheet:Hong Kong Hong Kong has a population of 7.5 million.In 2023,its per capita GDP
5、was$50,030,one of the highest in Asia.Hong Kong is a vibrant city and a major gateway to Asian markets,including mainland China.Consumers are sophisticated and enjoy cosmopolitan food and beverage.Due to limited arable land,around 95 percent of food in Hong Kong is imported.In 2023,Hong Kongs total
6、imports of agricultural and related products increased 0.6 percent to$24.1 billion compared to 2022.Hong Kong imports of consumer-oriented agricultural products dropped 2.1 percent to$20.5 billion in 2023,accounting for 84 percent of all agricultural imports.The top ten imports were seafood,fresh fr