Hong Kong SAR, China - Refined Groundnut 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 PricingRefined Groundnut Oil Price in Hong Kong SAR - 2023
Contents:
- Refined Groundnut Oil Price in Hong Kong SAR (CIF) - 2023
- Refined Groundnut Oil Price in Hong Kong SAR (FOB) - 2023
- Refined Groundnut Oil Imports in Hong Kong SAR
- Refined Groundnut Oil Exports in Hong Kong SAR
Refined Groundnut Oil Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average refined groundnut oil import price amounted to $2,155 per ton, declining by -6.5% against the previous month. Over the period under review, the import price showed a slight reduction. The growth pace was the most rapid in May 2023 when the average import price increased by 11% m-o-m. As a result, import price attained the peak level of $3,142 per ton. From June 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +1.3% per month.
Refined Groundnut Oil Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average refined groundnut oil export price amounted to $3,122 per ton, declining by -3.2% against the previous month. In general, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in October 2022 an increase of 9.3% against the previous month. As a result, the export price attained the peak level of $4,134 per ton. From November 2022 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Canada ($4,638 per ton), while the average price for exports to China ($1,756 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.0%), while the prices for the other major destinations experienced a decline.
Refined Groundnut Oil Imports in Hong Kong SAR
Refined groundnut oil imports into Hong Kong SAR was estimated at 9.7K tons in 2022, increasing by 11% against the previous year's figure. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 35%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, refined groundnut oil imports rose sharply to $25M in 2022. The total import value increased at an average annual rate of +14.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Refined Groundnut Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.7 | 21.3 | 18.2 | 21.1 | 15.5% |
| United States | 2.7 | 2.6 | 3.8 | 3.7 | 11.1% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 16.5 | 24.0 | 22.1 | 24.7 | 14.4% |
Top Suppliers of Refined Groundnut Oil to Hong Kong SAR in 2022:
- China (8.5K tons)
- United States (1.2K tons)
Refined Groundnut Oil Exports in Hong Kong SAR
In 2022, shipments abroad of refined groundnut oil decreased by -19.4% to 1.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 4.5% against the previous year. As a result, the exports attained the peak of 2.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, refined groundnut oil exports fell to $5.6M in 2022. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 9%. As a result, the exports reached the peak of $7.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Refined Groundnut Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1.5 | 2.0 | 1.8 | 1.9 | 8.2% |
| United States | 1.6 | 2.1 | 1.8 | 1.6 | 0.0% |
| Australia | 0.3 | 0.6 | 0.8 | 0.9 | 44.2% |
| Canada | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
| China | 1.4 | 1.6 | 0.8 | 0.4 | -34.1% |
| Singapore | 0.9 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Total | 6.5 | 7.1 | 6.1 | 5.6 | -4.8% |
Top Export Markets for Refined Groundnut Oil from Hong Kong SAR in 2022:
- Macao SAR (644.1 tons)
- United States (363.4 tons)
- Australia (216.0 tons)
- China (141.1 tons)
- Canada (112.3 tons)
- Singapore (10.7 tons)
This report provides an in-depth analysis of the refined groundnut 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:
- Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)
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
309
This report provides an in-depth analysis of the refined groundnut oil market in Hong Kong SAR, China.
400
This report provides an in-depth analysis of the groundnut oil market in Hong Kong SAR, China.
380
This report provides an in-depth analysis of the crude groundnut oil market in Hong Kong SAR, China.
628
This report provides an in-depth analysis of the global refined groundnut oil market.
3072
This report provides an in-depth analysis of the global groundnut oil market.
566
Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
1245
This report provides an in-depth analysis of the global crude groundnut oil market.
309
This report provides an in-depth analysis of the refined groundnut oil market in Hong Kong SAR, China.
400
This report provides an in-depth analysis of the groundnut oil market in Hong Kong SAR, China.
380
This report provides an in-depth analysis of the crude groundnut oil market in Hong Kong SAR, China.
48
From October 2023 to November 2023, the imports growth of Refined Groundnut Oil remained at a lower figure. In value terms, Refined Groundnut Oil imports expanded modestly to $1.5M in November 2023.
208
Imports of Refined Groundnut Oil remained at a lower figure from August 2022 to June 2023. In June 2023, the value of refined groundnut oil imports totaled $1.3M.
236
In June 2023, the price of Groundnut Oil was $2,737 per ton in Hong Kong, representing an 11% increase compared to the previous month.
165
In February 2023, the imports of Crude Groundnut Oil saw a remarkable growth rate of 4,185% compared to the previous month. Additionally, the value of these imports surged to $1M in October 2023.
972
Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1678
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2304
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
48
From October 2023 to November 2023, the imports growth of Refined Groundnut Oil remained at a lower figure. In value terms, Refined Groundnut Oil imports expanded modestly to $1.5M in November 2023.
208
Imports of Refined Groundnut Oil remained at a lower figure from August 2022 to June 2023. In June 2023, the value of refined groundnut oil imports totaled $1.3M.
236
In June 2023, the price of Groundnut Oil was $2,737 per ton in Hong Kong, representing an 11% increase compared to the previous month.
