Hong Kong SAR, China - Olive Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingOlive Oil Price in Hong Kong SAR - 2021
Contents:
- Olive Oil Price in Hong Kong SAR (CIF) - 2021
- Olive Oil Price in Hong Kong SAR (FOB) - 2022
- Olive Oil Imports in Hong Kong SAR
- Olive Oil Exports in Hong Kong SAR
Olive Oil Price in Hong Kong SAR (CIF) - 2021
In December 2021, the average olive oil import price amounted to $3,647 per ton, with a decrease of -6.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 an increase of 48% against the previous month. As a result, import price reached the peak level of $5,386 per ton. From September 2021 to December 2021, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($5,229 per ton), while the price for Malaysia ($3,110 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Olive Oil Price in Hong Kong SAR (FOB) - 2022
The average olive oil export price stood at $4,599 per ton in 2022, growing by 7.8% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive oil export price increased by +14.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 63%. The export price peaked at $6,033 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($5,041 per ton), while the average price for exports to Macao SAR stood at $4,421 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.7%).
Olive Oil Imports in Hong Kong SAR
In 2022, the amount of olive oil and its fractions imported into Hong Kong SAR soared to 2.4K tons, increasing by 21% compared with the year before. In general, imports saw a relatively flat trend pattern.
In value terms, olive oil imports soared to $11M in 2022. Overall, imports, however, continue to indicate a pronounced descent.
| Import of Olive Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.9 | 9.6 | 6.0 | 7.4 | 2.4% |
| Spain | 2.0 | 0.9 | 0.8 | 1.0 | -20.6% |
| Greece | 1.5 | 1.1 | 0.3 | 0.7 | -22.4% |
| United States | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| United Kingdom | 0.3 | 0.5 | 0.2 | 0.3 | 0.0% |
| China | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| Singapore | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 0.9 | 0.7 | 0.4 | 0.6 | -12.6% |
| Total | 12.0 | 13.1 | 8.2 | 10.6 | -4.1% |
Top Suppliers of Olive Oil to Hong Kong SAR in 2022:
- Italy (1711.4 tons)
- Spain (226.9 tons)
- Greece (210.7 tons)
- Singapore (41.2 tons)
- United Kingdom (41.0 tons)
- United States (40.3 tons)
- China (38.2 tons)
Olive Oil Exports in Hong Kong SAR
Olive oil exports from Hong Kong SAR contracted to 86 tons in 2022, reducing by -8.1% against the year before. Overall, exports recorded a deep downturn. The smallest decline of -3.6% was in 2021.
In value terms, olive oil exports fell modestly to $398K in 2022. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 1.9%.
| Export of Olive Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 395 | 323 | 254 | 272 | -11.7% |
| China | 199 | 63.2 | 147 | 125 | -14.4% |
| Mozambique | 104 | N/A | N/A | N/A | 0% |
| Others | N/A | 8.0 | N/A | N/A | 0% |
| Total | 697 | 394 | 401 | 398 | -17.0% |
Top Export Markets for Olive Oil from Hong Kong SAR in 2022:
- Macao SAR (61.6 tons)
- China (24.9 tons)
This report provides an in-depth analysis of the olive 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 261 - Oil of Olives, Virgin
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
212
This report provides an in-depth analysis of the olive oil market in Hong Kong SAR, China.
429
This report provides an in-depth analysis of the virgin olive oil market in Hong Kong SAR, China.
442
This report provides an in-depth analysis of the refined olive oil market in Hong Kong SAR, China.
573
This report provides an in-depth analysis of the global olive oil market.
5085
This report provides an in-depth analysis of the global virgin olive oil market.
566
This report provides an in-depth analysis of the global refined olive oil market.
212
This report provides an in-depth analysis of the olive oil market in Hong Kong SAR, China.
429
This report provides an in-depth analysis of the virgin olive oil market in Hong Kong SAR, China.
442
This report provides an in-depth analysis of the refined olive oil market in Hong Kong SAR, China.
573
This report provides an in-depth analysis of the global olive oil market.
81
In October 2023, the growth rate was notably rapid with a 114% increase in imports compared to the previous month. The value of refined olive oil imports decreased significantly to $795K in November 2023.
287
In March 2023, the growth rate was the highest, with a month-to-month increase of 53%. The value of imported refined olive oil decreased significantly to $529K in September 2023.
474
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
737
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
3396
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
5691
Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2171
In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
1304
Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
1478
The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
81
In October 2023, the growth rate was notably rapid with a 114% increase in imports compared to the previous month. The value of refined olive oil imports decreased significantly to $795K in November 2023.
