Hong Kong SAR, China - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPalm Oil Price in Hong Kong SAR - 2023
Contents:
- Palm Oil Price in Hong Kong SAR (CIF) - 2023
- Palm Oil Price in Hong Kong SAR (FOB) - 2022
- Palm Oil Imports in Hong Kong SAR
- Palm Oil Exports in Hong Kong SAR
Palm Oil Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average palm oil import price amounted to $1,229 per ton, dropping by -12.7% against the previous month. Overall, the import price continues to indicate a mild reduction. The growth pace was the most rapid in March 2023 an increase of 17% m-o-m. As a result, import price attained the peak level of $1,623 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,044 per ton), while the price for Malaysia ($1,044 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.
Palm Oil Price in Hong Kong SAR (FOB) - 2022
In 2022, the average palm oil export price amounted to $4,935 per ton, increasing by 345% against the previous year. Over the period under review, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($8,026 per ton), while the average price for exports to Macao SAR totaled $1,227 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+108.6%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Hong Kong SAR
Palm oil imports into Hong Kong SAR soared to 9.1K tons in 2022, rising by 78% against the previous year's figure. In general, imports saw a resilient increase.
In value terms, palm oil imports skyrocketed to $15M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Palm Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.8 | 6.8 | 5.2 | 8.7 | 31.8% |
| China | 0.1 | 0.1 | 0.1 | 4.8 | 263.4% |
| Indonesia | 0.6 | 0.4 | 1.0 | 1.3 | 29.4% |
| Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Total | 4.6 | 7.4 | 6.6 | 15.1 | 48.6% |
Top Suppliers of Palm Oil to Hong Kong SAR in 2022:
- Malaysia (5.7K tons)
- China (2.5K tons)
- Indonesia (0.8K tons)
Palm Oil Exports in Hong Kong SAR
Palm oil exports from Hong Kong SAR dropped dramatically to 154 tons in 2022, falling by -87.5% against 2021 figures. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 1,055%. As a result, the exports attained the peak of 1.2K tons, and then dropped dramatically in the following year.
In value terms, palm oil exports contracted remarkably to $758K in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,085%. As a result, the exports attained the peak of $1.4M, and then contracted rapidly in the following year.
| Export of 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% |
| Macao SAR | 22.0 | 30.3 | 46.9 | 86.0 | 57.5% |
| Mozambique | 25.2 | 48.0 | N/A | N/A | 90.5% |
| Malaysia | N/A | 3.1 | 648 | N/A | 20803.2% |
| Micronesia | 42.4 | 30.9 | 20.4 | N/A | -30.6% |
| Angola | 340 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 2.8 | 647 | 9.2 | 87.3% |
| Total | 431 | 115 | 1,363 | 758 | 20.7% |
Top Export Markets for Palm Oil from Hong Kong SAR in 2022:
- Canada (82.5 tons)
- Macao SAR (70.1 tons)
This report provides an in-depth analysis of the 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.
-
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
454
This report provides an in-depth analysis of the palm oil market in Hong Kong SAR, China.
548
This report provides an in-depth analysis of the crude palm oil market in Hong Kong SAR, China.
372
This report provides an in-depth analysis of the refined palm oil market in Hong Kong SAR, China.
290
This report provides an in-depth analysis of the transmission shaft market in Hong Kong SAR, China.
391
This report provides an in-depth analysis of the linseed oil market in Hong Kong SAR, China.
402
This report provides an in-depth analysis of the surgical glove market in Hong Kong SAR, China.
392
This report provides an in-depth analysis of the market for caustic soda in the solid form in Hong Kong SAR, China.
268
This report provides an in-depth analysis of the market for reaction initiators and accelerators in Hong Kong SAR, China.
276
This report provides an in-depth analysis of the hard plastic comb market in Hong Kong SAR, China.
261
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Hong Kong SAR, China.
156
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.
349
In May 2023, the price of Crude Palm Oil stood at $1,286 per ton (CIF, Hong Kong), experiencing a growth of 2.4% compared to the previous month.
322
In January 2023, the price of electric soldering iron decreased to $9.0 per unit (FOB, Hong Kong, China), a 61.2% decline compared to the previous month.
263
The price of printing ink reached CIF $19,420 per ton in January 2023, a 25% increase from the previous month, in Hong Kong, China
367
Learn about the top five import markets for palm oil and their respective import values in 2022. India ranks as the largest importer, followed by China, Pakistan, the United States, and the Netherlands. These countries exhibit significant demand for palm oil due to various factors such as population size, dietary preferences, and industrial applications. Understanding the dynamics of these import markets is crucial for palm oil producers, traders, and other stakeholders in the industry. Get comprehensive insights into the global palm oil market with IndexBox's recent market report.
991
While Indonesia, planning to expand production, fights for the EU's recognition of palm oil as a biofuel, Malaysia is faced with an acute shortage of labor due to the outflow of guest workers after the pandemic.
1933
In 2015, the countries with the highest levels of palm fruit oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
226
Explore the top import markets for crude palm oil and the key statistics in the global industry. Learn about the leading countries, import values, and trends.
945
The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
6052
The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
