Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR (FOB) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR (CIF) - 2022
3. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR
4. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $3,428 per ton in 2022, which is down by -10.2% against the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57%. The export price peaked at $3,988 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($4,350 per ton), while the average price for exports to Panama ($1,490 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 Malaysia (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR (CIF) - 2022

The average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $2,550 per ton in 2022, reducing by -9.7% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 271% against the previous year. Over the period under review, average import prices hit record highs at $2,825 per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +164.3% per year.

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR

In 2022, shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -10% to 11 tons, falling for the second year in a row after two years of growth. Overall, exports showed a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 120%. As a result, the exports reached the peak of 27 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses shrank rapidly to $38K in 2022. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, the exports reached the peak of $66K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Hong Kong SAR in 2022:

1. Netherlands (5.2 tons)
2. United States (4.2 tons)
3. Panama (1.6 tons)

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Hong Kong SAR

In 2022, supplies from abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses decreased by -8.6% to 11 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 1.4%. As a result, imports reached the peak of 12 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses declined rapidly to $27K in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 2.7%.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Hong Kong SAR in 2022:

1. Japan (10.5 tons)

Source: IndexBox Market Intelligence Platform