Hong Kong SAR, China - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Hong Kong SAR - 2023
Contents:
- Refined Maize Oil Price in Hong Kong SAR (CIF) - 2023
- Refined Maize Oil Price in Hong Kong SAR (FOB) - 2023
- Refined Maize Oil Imports in Hong Kong SAR
- Refined Maize Oil Exports in Hong Kong SAR
Refined Maize Oil Price in Hong Kong SAR (CIF) - 2023
The average refined maize oil import price stood at $1,727 per ton in June 2023, with a decrease of -10.8% against the previous month. In general, the import price saw a mild setback. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $2,558 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Malaysia ($2,536 per ton), while the price for China ($1,610 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average refined maize oil export price amounted to $2,607 per ton, leveling off at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 8.8% m-o-m. The export price peaked at $2,784 per ton in November 2022; however, from December 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was Australia ($3,524 per ton), while the average price for exports to Macao SAR ($2,415 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports in Hong Kong SAR
In 2022, supplies from abroad of refined maize (corn) oil decreased by -7.1% to 6.2K tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, imports attained the peak of 8.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, refined maize oil imports expanded remarkably to $13M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Refined Maize Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 6.4 | 8.5 | 10.0 | 63.2% |
| Malaysia | 1.7 | 1.9 | 2.0 | 1.7 | 0.0% |
| South Korea | 1.8 | 2.3 | 0.7 | 1.2 | -12.6% |
| Singapore | 0.9 | N/A | N/A | 0.2 | -39.4% |
| Spain | 0.9 | 0.6 | 0.6 | N/A | -18.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.7 | 11.2 | 11.8 | 13.0 | 19.1% |
Top Suppliers of Refined Maize Oil to Hong Kong SAR in 2022:
- Spain (undefinedK tons)
- China (4.8K tons)
- Malaysia (0.7K tons)
- South Korea (0.6K tons)
- Singapore (0.1K tons)
Refined Maize Oil Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of refined maize (corn) oil, which decreased by -8.2% to 624 tons in 2022. Over the period under review, exports continue to indicate a abrupt contraction.
In value terms, refined maize oil exports rose markedly to $1.7M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Refined Maize Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 673 | 809 | 1,064 | 1,224 | 22.1% |
| United States | 60.4 | 88.0 | 70.3 | 196 | 48.0% |
| China | 601 | 370 | 279 | 163 | -35.3% |
| Australia | 60.7 | 59.0 | 84.2 | 67.3 | 3.5% |
| Others | 10.9 | 21.9 | 26.8 | 19.0 | 20.3% |
| Total | 1,406 | 1,347 | 1,525 | 1,669 | 5.9% |
Top Export Markets for Refined Maize Oil from Hong Kong SAR in 2022:
- Macao SAR (474.8 tons)
- China (63.5 tons)
- United States (57.6 tons)
- Australia (22.8 tons)
This report provides an in-depth analysis of the refined maize 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 10621460 - Refined maize (corn) 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.
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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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