Hong Kong SAR, China - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Hong Kong SAR - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Hong Kong SAR (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Hong Kong SAR (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in Hong Kong SAR
- Exports of Sunflower-Seed and Safflower Oil in Hong Kong SAR
Price for Sunflower-Seed and Safflower Oil in Hong Kong SAR (CIF) - 2023
In August 2023, the average sunflower-seed and safflower oil import price amounted to $1,673 per ton, with a decrease of -21.5% against the previous month. Overall, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in May 2023 an increase of 70% month-to-month. The import price peaked at $3,682 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,951 per ton), while the price for Romania ($1,415 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Sunflower-Seed and Safflower Oil in Hong Kong SAR (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $3,148 per ton, increasing by 81% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 96% against the previous year. Over the period under review, the average export prices hit record highs at $3,152 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($4,040 per ton), while the average price for exports to Taiwan (Chinese) ($3,053 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 China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in Hong Kong SAR
In 2022, purchases abroad of sunflower-seed and safflower oil was finally on the rise to reach 1.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt slump.
In value terms, sunflower-seed and safflower oil imports soared to $2.7M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Sunflower-Seed and Safflower Oil in Hong Kong SAR (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 360 | 485 | 536 | 1,059 | 43.3% |
Italy | 314 | 258 | 418 | 541 | 19.9% |
Turkey | 15.3 | N/A | 23.7 | 363 | 187.3% |
Spain | 232 | 126 | 192 | 235 | 0.4% |
Argentina | 166 | 74.1 | 119 | 184 | 3.5% |
Australia | 5.9 | N/A | N/A | 123 | 175.2% |
China | 204 | 373 | 165 | 104 | -20.1% |
United Kingdom | 79.5 | 73.3 | 58.3 | 12.2 | -46.5% |
Singapore | 553 | 4.1 | 10.2 | N/A | -86.4% |
Others | 177 | 222 | 216 | 114 | -13.6% |
Total | 2,106 | 1,616 | 1,739 | 2,737 | 9.1% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Hong Kong SAR in 2022:
- Romania (477.5 tons)
- Turkey (198.6 tons)
- Italy (170.8 tons)
- Spain (103.9 tons)
- Argentina (80.6 tons)
- China (47.6 tons)
- Australia (36.5 tons)
- United Kingdom (7.0 tons)
Exports of Sunflower-Seed and Safflower Oil in Hong Kong SAR
After two years of decline, shipments abroad of sunflower-seed and safflower oil increased by 468% to 85 tons in 2022. In general, exports continue to indicate a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sunflower-seed and safflower oil exports soared to $266K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Sunflower-Seed and Safflower Oil in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | N/A | N/A | N/A | 248 | 0% |
Macao SAR | 80.0 | 51.4 | 24.3 | 10.1 | -49.8% |
China | 59.0 | 1.4 | 1.6 | 0.7 | -77.2% |
Others | N/A | N/A | N/A | 7.1 | 0% |
Total | 139 | 52.7 | 25.9 | 266 | 24.2% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Hong Kong SAR in 2022:
- Taiwan (Chinese) (81.3 tons)
- Macao SAR (2.9 tons)
- China (0.2 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil 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 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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