Non-Liquid Margarine Price in Hong Kong SAR - 2023
Contents:
- Non-Liquid Margarine Price in Hong Kong SAR (CIF) - 2023
- Non-Liquid Margarine Price in Hong Kong SAR (FOB) - 2022
- Non-Liquid Margarine Imports in Hong Kong SAR
- Non-Liquid Margarine Exports in Hong Kong SAR
Non-Liquid Margarine Price in Hong Kong SAR (CIF) - 2023
The average non-liquid margarine import price stood at $2,347 per ton in June 2023, shrinking by -3.5% against the previous month. Overall, the import price continues to indicate a slight decline. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 7.8% m-o-m. Over the period under review, average import prices hit record highs at $2,717 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Macao SAR ($3,157 per ton), while the price for Indonesia ($1,537 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Non-Liquid Margarine Price in Hong Kong SAR (FOB) - 2022
The average non-liquid margarine export price stood at $2,605 per ton in 2022, growing by 40% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-liquid margarine export price increased by +54.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($3,164 per ton), while the average price for exports to Mozambique ($1,483 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 Vietnam (+75.5%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Hong Kong SAR
In 2022, imports of non-liquid margarine into Hong Kong SAR declined to 6.3K tons, with a decrease of -2.2% compared with 2021. In general, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 10%.
In value terms, non-liquid margarine imports surged to $16M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.9 | 3.0 | 3.1 | 4.2 | 13.1% |
| Singapore | 2.2 | 2.0 | 2.1 | 3.3 | 14.5% |
| Malaysia | 2.2 | 2.1 | 3.0 | 3.3 | 14.5% |
| Netherlands | 1.4 | 1.4 | 1.8 | 2.2 | 16.3% |
| Indonesia | 0.6 | 0.4 | 0.9 | 0.7 | 5.3% |
| Germany | 0.1 | 0.4 | 0.2 | 0.3 | 44.2% |
| Ireland | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Others | 2.3 | 1.3 | 1.5 | 1.4 | -15.3% |
| Total | 11.9 | 11.1 | 13.0 | 15.6 | 9.4% |
Top Suppliers of Non-Liquid Margarine to Hong Kong SAR in 2022:
- Australia (1598.5 tons)
- Malaysia (1543.7 tons)
- Singapore (1277.9 tons)
- Netherlands (923.1 tons)
- Indonesia (414.2 tons)
- Germany (152.6 tons)
- Ireland (102.9 tons)
Non-Liquid Margarine Exports in Hong Kong SAR
In 2022, exports of non-liquid margarine from Hong Kong SAR reduced markedly to 424 tons, with a decrease of -28% compared with the previous year's figure. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 87%.
In value terms, non-liquid margarine exports stood at $1.1M in 2022. Over the period under review, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 73%.
| Export of Non-Liquid Margarine in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 653 | 571 | 777 | 830 | 8.3% |
| Mozambique | 219 | 53.0 | 275 | 205 | -2.2% |
| China | 216 | 5.1 | 41.7 | 69.4 | -31.5% |
| Philippines | 137 | N/A | N/A | N/A | 0% |
| Others | 3.3 | 2.8 | N/A | N/A | -15.2% |
| Total | 1,229 | 632 | 1,094 | 1,105 | -3.5% |
Top Export Markets for Non-Liquid Margarine from Hong Kong SAR in 2022:
- Macao SAR (262.3 tons)
- Mozambique (138.4 tons)
- China (23.3 tons)
431
This report provides an in-depth analysis of the margarine and shortening market in Hong Kong SAR, China.
575
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2036
This report provides an in-depth analysis of the global margarine and shortening market.
431
This report provides an in-depth analysis of the margarine and shortening market in Hong Kong SAR, China.
575
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2036
This report provides an in-depth analysis of the global margarine and shortening market.
115
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5347
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4505
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
115
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5347
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4505
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
