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

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR (CIF) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR

Price for Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR (CIF) - 2023

In September 2023, the average import price for cereal grains; rolled or flaked, of oatses amounted to $2,628 per ton, with a decrease of -5.6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 12% m-o-m. As a result, import price attained the peak level of $2,888 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($2,769 per ton), while the price for New Zealand ($1,022 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of oatses stood at $2,672 per ton in September 2023, remaining relatively unchanged against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 20% month-to-month. As a result, the export price reached the peak level of $3,285 per ton. From January 2023 to September 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Macao SAR ($2,863 per ton), while the average price for exports to China totaled $2,504 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.6%).

Imports of Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of cereal grains; rolled or flaked, of oatses, which decreased by -9.4% to 8.8K tons in 2022. In general, imports recorded a abrupt curtailment. The smallest decline of -2% was in 2020.

In value terms, imports of cereal grains; rolled or flaked, of oatses declined to $21M in 2022. Over the period under review, imports faced a abrupt downturn. The smallest decline of -1.4% was in 2020.

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

1. China (5.2K tons)
2. Malaysia (1.9K tons)
3. United States (0.5K tons)
4. Australia (0.3K tons)
5. Canada (0.2K tons)
6. New Zealand (0.2K tons)
7. Finland (0.1K tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in Hong Kong SAR

In 2022, the amount of cereal grains; rolled or flaked, of oatses exported from Hong Kong SAR plummeted to 1.1K tons, dropping by -15.3% compared with 2021. Overall, exports continue to indicate a abrupt shrinkage. The smallest decline of -9.6% was in 2021.

In value terms, exports of cereal grains; rolled or flaked, of oatses expanded sharply to $3.5M in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage.

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

1. Macao SAR (703.3 tons)
2. China (375.0 tons)

Source: IndexBox Market Intelligence Platform