Price for Cereal Flour; of Maize (Corn) in Hong Kong SAR - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Hong Kong SAR (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Hong Kong SAR (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Hong Kong SAR
- Exports of Cereal Flour; of Maize (Corn) in Hong Kong SAR
Price for Cereal Flour; of Maize (Corn) in Hong Kong SAR (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $1,644 per ton in 2022, jumping by 18% against the previous year. Over the period under review, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 51% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,836 per ton), while the price for China ($528 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Hong Kong SAR (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $2,432 per ton in 2022, with an increase of 4.4% against the previous year. Overall, the export price recorded notable growth. The pace of growth was the most pronounced in 2017 an increase of 143% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,261 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +10.0% per year.
Imports of Cereal Flour; of Maize (Corn) in Hong Kong SAR
In 2022, the amount of cereal flour; of maize (corn) imported into Hong Kong SAR declined remarkably to 52 tons, waning by -61.4% against the previous year. In general, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year.
In value terms, cereal flour; of maize (corn) imports fell significantly to $86K in 2022. Overall, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 44%.
| Import of Cereal Flour; of Maize (Corn) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 25.4 | 82.7 | 136 | 44.0 | 20.1% |
| Italy | 22.9 | 23.2 | 17.5 | 13.4 | -16.4% |
| Japan | 3.9 | 3.6 | 10.0 | 9.1 | 32.6% |
| Australia | 80.4 | N/A | N/A | 6.8 | -56.1% |
| China | N/A | N/A | 10.2 | 6.6 | -35.3% |
| Mexico | 14.2 | N/A | 1.9 | 5.9 | -25.4% |
| United States | 17.4 | 3.7 | 0.6 | 0.3 | -74.2% |
| Vietnam | 26.5 | N/A | N/A | N/A | 0% |
| France | N/A | 11.1 | 1.7 | N/A | -84.7% |
| Turkey | N/A | N/A | 9.7 | N/A | 0% |
| Others | 1.5 | 6.6 | 1.4 | N/A | -3.4% |
| Total | 192 | 131 | 189 | 86.1 | -23.5% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Hong Kong SAR in 2022:
- Thailand (23.4 tons)
- China (12.5 tons)
- Italy (5.3 tons)
- Japan (4.2 tons)
- Australia (4.1 tons)
- Mexico (2.8 tons)
- United States (0.1 tons)
Exports of Cereal Flour; of Maize (Corn) in Hong Kong SAR
In 2022, the amount of cereal flour; of maize (corn) exported from Hong Kong SAR reduced markedly to 1.6 tons, waning by -25.6% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 149%. As a result, the exports attained the peak of 2.2 tons, and then fell markedly in the following year.
In value terms, cereal flour; of maize (corn) exports reduced markedly to $3.9K in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 125%.
| Export of Cereal Flour; of Maize (Corn) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 5.4 | 2.2 | 5.0 | 3.9 | -10.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.4 | 2.2 | 5.0 | 3.9 | -10.3% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Hong Kong SAR in 2022:
- Macao SAR (1.6 tons)
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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