Hong Kong SAR, China - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Hong Kong SAR - 2023
Contents:
- Crude Palm Oil Price in Hong Kong SAR (CIF) - 2023
- Crude Palm Oil Price in Hong Kong SAR (FOB) - 2022
- Crude Palm Oil Imports in Hong Kong SAR
- Crude Palm Oil Exports in Hong Kong SAR
Crude Palm Oil Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average crude palm oil import price amounted to $1,266 per ton, waning by -6% against the previous month. Overall, the import price showed a noticeable slump. The pace of growth was the most pronounced in March 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices hit record highs at $1,984 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From September 2022 to September 2023, the rate of growth in terms of prices for Malaysia amounted to -3.7% per month.
Crude Palm Oil Price in Hong Kong SAR (FOB) - 2022
The average crude palm oil export price stood at $1,105 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. As a result, the export price reached the peak level of $1,735 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +108.6% per year.
Crude Palm Oil Imports in Hong Kong SAR
In 2022, overseas purchases of crude palm oil decreased by -8.6% to 1.4K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 265%. As a result, imports reached the peak of 5.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, crude palm oil imports soared to $2.2M in 2022. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 216%. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Crude Palm Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.4 | 4.3 | 1.9 | 2.2 | 16.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 4.3 | 1.9 | 2.2 | 16.3% |
Top Suppliers of Crude Palm Oil to Hong Kong SAR in 2022:
- Malaysia (1.4K tons)
Crude Palm Oil Exports in Hong Kong SAR
Crude palm oil exports from Hong Kong SAR declined significantly to 608 tons in 2022, with a decrease of -48.6% compared with 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,388% against the previous year. As a result, the exports reached the peak of 1.2K tons, and then fell rapidly in the following year.
In value terms, crude palm oil exports fell significantly to $672K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,601%. As a result, the exports attained the peak of $1.3M, and then contracted markedly in the following year.
| Export of Crude Palm Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.2 | N/A | 0.2 | 662 | 1390.3% |
| Mozambique | 25.2 | 48.0 | N/A | N/A | 90.5% |
| Malaysia | N/A | N/A | 648 | N/A | 0% |
| Angola | 340 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 647 | 9.2 | 351.4% |
| Total | 366 | 48.0 | 1,295 | 672 | 22.5% |
Top Export Markets for Crude Palm Oil from Hong Kong SAR in 2022:
- Canada (82.5 tons)
This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm
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
- 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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The growth pace of Crude Palm Oil was the most rapid in January 2023 with a 98% month-on-month increase. In value terms, crude palm oil imports sharply reduced to $196K in November 2023.
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