Packaged Food in Hong Kong, China - New Market Report
2012 saw packaged food posting a stronger current value growth than 2011, mainly due to consumers' willingness to trade up to premium products. Though in 2012 economic conditions in Hong Kong were unstable due to the Euro crisis setting in towards the end of 2011, consumers retained their willingness to spend on premium products for the higher quality, better nutritional content, and convenient packaging, amongst other things. Rising raw material costs coupled with high inflation were other...
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