Hong Kong SAR, China - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Groundnut Oil Price in Hong Kong SAR - 2023
Contents:
- Crude Groundnut Oil Price in Hong Kong SAR (CIF) - 2022
- Crude Groundnut Oil Price in Hong Kong SAR (FOB) - 2022
- Crude Groundnut Oil Imports in Hong Kong SAR
- Crude Groundnut Oil Exports in Hong Kong SAR
Crude Groundnut Oil Price in Hong Kong SAR (CIF) - 2022
In 2022, the average crude groundnut oil import price amounted to $2,002 per ton, shrinking by -4.1% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 27% against the previous year. The import price peaked at $2,488 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($2,817 per ton) and India ($2,084 per ton), while the price for Nicaragua ($1,961 per ton) and Argentina ($2,042 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Crude Groundnut Oil Price in Hong Kong SAR (FOB) - 2022
In 2022, the average crude groundnut oil export price amounted to $1,237 per ton, which is down by -56.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 80% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,630 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($5,941 per ton), while the average price for exports to Canada amounted to $1,044 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Groundnut Oil Imports in Hong Kong SAR
In 2022, approx. 4.1K tons of crude groundnut oil were imported into Hong Kong SAR; leveling off at 2021 figures. In general, imports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 1% against the previous year.
In value terms, crude groundnut oil imports fell slightly to $8.2M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $8.5M, and then dropped in the following year.
| Import of Crude Groundnut Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 4.2 | 5.0 | 7.1 | 7.5 | 21.3% |
| China | 1.0 | 1.1 | 0.8 | 0.5 | -20.6% |
| India | N/A | 0.5 | 0.6 | 0.2 | -36.8% |
| Argentina | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.6 | 6.7 | 8.5 | 8.2 | 13.6% |
Top Suppliers of Crude Groundnut Oil to Hong Kong SAR in 2022:
- Argentina (undefinedK tons)
- Nicaragua (3.8K tons)
- China (0.2K tons)
- India (0.1K tons)
Crude Groundnut Oil Exports in Hong Kong SAR
In 2022, overseas shipments of crude groundnut oil decreased by -98.5% to 6.4 tons, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 647 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, crude groundnut oil exports shrank notably to $7.9K in 2022. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1.1%. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Crude Groundnut Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 40.9 | 108 | 84.8 | 6.4 | -46.1% |
| Fiji | N/A | N/A | N/A | 1.5 | 0% |
| China | 829 | 888 | 476 | N/A | -24.2% |
| Malaysia | 61.9 | 49.2 | 70.9 | N/A | 7.0% |
| France | 344 | 164 | N/A | N/A | -52.3% |
| Australia | 94.1 | 354 | 457 | N/A | 120.4% |
| Others | 381 | 208 | 113 | N/A | -45.5% |
| Total | 1,751 | 1,771 | 1,201 | 7.9 | -83.5% |
Top Export Markets for Crude Groundnut Oil from Hong Kong SAR in 2022:
- Canada (6.2 tons)
- Fiji (0.3 tons)
This report provides an in-depth analysis of the crude groundnut oil 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 244 - Oil of Groundnuts
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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 crude groundnut oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the groundnut oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the refined groundnut oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global crude groundnut oil market.
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This report provides an in-depth analysis of the global groundnut oil market.
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Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
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This report provides an in-depth analysis of the global refined groundnut oil market.
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This report provides an in-depth analysis of the crude groundnut oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the groundnut oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the refined groundnut oil market in Hong Kong SAR, China.
169
In February 2023, the imports of Crude Groundnut Oil saw a remarkable growth rate of 4,185% compared to the previous month. Additionally, the value of these imports surged to $1M in October 2023.
238
In June 2023, the price of Groundnut Oil was $2,737 per ton in Hong Kong, representing an 11% increase compared to the previous month.
53
From October 2023 to November 2023, the imports growth of Refined Groundnut Oil remained at a lower figure. In value terms, Refined Groundnut Oil imports expanded modestly to $1.5M in November 2023.
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Imports of Refined Groundnut Oil remained at a lower figure from August 2022 to June 2023. In June 2023, the value of refined groundnut oil imports totaled $1.3M.
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Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
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In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
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Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
169
In February 2023, the imports of Crude Groundnut Oil saw a remarkable growth rate of 4,185% compared to the previous month. Additionally, the value of these imports surged to $1M in October 2023.
238
In June 2023, the price of Groundnut Oil was $2,737 per ton in Hong Kong, representing an 11% increase compared to the previous month.
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From October 2023 to November 2023, the imports growth of Refined Groundnut Oil remained at a lower figure. In value terms, Refined Groundnut Oil imports expanded modestly to $1.5M in November 2023.
