Hong Kong SAR, China - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCereal Price in Hong Kong SAR - 2023
Contents:
- Cereal Price in Hong Kong SAR (CIF) - 2022
- Cereal Price in Hong Kong SAR (FOB) - 2022
- Cereal Imports in Hong Kong SAR
- Cereal Exports in Hong Kong SAR
Cereal Price in Hong Kong SAR (CIF) - 2022
In 2022, the average cereal import price amounted to $580 per ton, picking up by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 35%. The import price peaked at $611 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($3,237 per ton), while the price for India ($345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereal Price in Hong Kong SAR (FOB) - 2022
In 2022, the average cereal export price amounted to $5,383 per ton, with an increase of 16% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 311%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($9,606 per ton), while the average price for exports to Canada ($138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cereal Imports in Hong Kong SAR
Cereal imports into Hong Kong SAR expanded slightly to 23K tons in 2022, with an increase of 3.4% against the year before. Over the period under review, imports, however, saw a noticeable slump.
In value terms, cereal imports expanded markedly to $13M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Cereal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.5 | 6.4 | 7.1 | 7.7 | 0.9% |
| Peru | 2.1 | 1.7 | 1.5 | 2.2 | 1.6% |
| Australia | 0.3 | 0.6 | 0.9 | 1.6 | 74.7% |
| India | N/A | 0.2 | 0.8 | 0.7 | 87.1% |
| Myanmar | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 2.1 | 1.5 | 2.0 | 1.3 | -14.8% |
| Total | 12.3 | 10.6 | 12.2 | 13.4 | 2.9% |
Top Suppliers of Cereal to Hong Kong SAR in 2022:
- United States (16.8K tons)
- Australia (3.0K tons)
- India (2.0K tons)
- Peru (0.7K tons)
- Myanmar (0.1K tons)
Cereal Exports in Hong Kong SAR
In 2022, the amount of cereals exported from Hong Kong SAR surged to 364 tons, increasing by 18% compared with the year before. Overall, exports, however, showed a slight decrease.
In value terms, cereal exports skyrocketed to $2M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cereal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 131 | 593 | 986 | 1,482 | 124.5% |
| Macao SAR | 306 | 353 | 332 | 282 | -2.7% |
| Chile | N/A | N/A | N/A | 180 | 0% |
| Samoa | 25.7 | 6.3 | 6.2 | 9.1 | -29.3% |
| Canada | 14.7 | 18.9 | 2.9 | 2.3 | -46.1% |
| Nigeria | 27.9 | N/A | N/A | 1.9 | -59.2% |
| Malaysia | N/A | 19.3 | N/A | N/A | 0% |
| United States | 75.6 | N/A | N/A | N/A | 0% |
| Myanmar | N/A | 167 | N/A | N/A | 0% |
| Others | 43.8 | 7.0 | 100 | 1.3 | -69.0% |
| Total | 624 | 1,164 | 1,427 | 1,959 | 46.4% |
Top Export Markets for Cereal from Hong Kong SAR in 2022:
- China (260.0 tons)
- Macao SAR (52.7 tons)
- Chile (18.7 tons)
- Canada (16.3 tons)
- Samoa (6.0 tons)
- Nigeria (6.0 tons)
This report provides an in-depth analysis of the cereal market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the cereal market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the wheat market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the grain market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global cereal market.
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This report provides an in-depth analysis of the global wheat market.
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This report provides an in-depth analysis of the global grain market.
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677
In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
622
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
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This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
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Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
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Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
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The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in
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