Hong Kong SAR, China - Rice - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRice Price in Hong Kong SAR - 2023
Contents:
- Rice Price in Hong Kong SAR (CIF) - 2023
- Rice Price in Hong Kong SAR (FOB) - 2023
- Rice Imports in Hong Kong SAR
- Rice Exports in Hong Kong SAR
Rice Price in Hong Kong SAR (CIF) - 2023
The average rice import price stood at $859 per ton in August 2023, approximately equating the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 6.5% against the previous month. The import price peaked at $898 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($1,596 per ton), while the price for Myanmar ($537 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 Myanmar (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Rice Price in Hong Kong SAR (FOB) - 2023
The average rice export price stood at $1,053 per ton in August 2023, declining by -7.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $1,213 per ton. From October 2022 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,674 per ton), while the average price for exports to Macao SAR ($954 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.0%), while the prices for the other major destinations experienced a decline.
Rice Imports in Hong Kong SAR
In 2022, supplies from abroad of rice was finally on the rise to reach 290K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a pronounced decline.
In value terms, rice imports shrank modestly to $248M in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1.8% against the previous year. As a result, imports attained the peak of $304M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Rice in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 183 | 189 | 147 | 152 | -6.0% |
| Vietnam | 56.1 | 48.5 | 49.2 | 39.5 | -11.0% |
| Japan | 12.7 | 17.4 | 18.9 | 19.1 | 14.6% |
| China | 16.6 | 14.5 | 16.5 | 17.3 | 1.4% |
| Cambodia | 8.9 | 17.6 | 8.0 | 6.7 | -9.0% |
| United States | 7.7 | 7.4 | 5.4 | 3.4 | -23.9% |
| Pakistan | 2.2 | 2.3 | 2.9 | 2.2 | 0.0% |
| Others | 10.9 | 6.8 | 7.0 | 7.9 | -10.2% |
| Total | 298 | 304 | 255 | 248 | -5.9% |
Top Suppliers of Rice to Hong Kong SAR in 2022:
- Thailand (170.4K tons)
- Vietnam (63.2K tons)
- China (22.6K tons)
- Japan (10.2K tons)
- Cambodia (9.1K tons)
- Pakistan (4.4K tons)
- United States (2.7K tons)
Rice Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of rice, which decreased by -11.3% to 9.7K tons in 2022. Over the period under review, exports faced a deep downturn. The smallest decline of -7.8% was in 2021.
In value terms, rice exports shrank to $11M in 2022. In general, exports continue to indicate a deep downturn.
| Export of Rice in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 14.2 | 11.0 | 9.5 | 8.6 | -15.4% |
| United States | 1.4 | 1.4 | 1.4 | 1.5 | 2.3% |
| United Kingdom | 0.4 | 0.4 | 0.2 | 0.4 | 0.0% |
| Canada | 0.3 | 0.5 | 0.4 | 0.3 | 0.0% |
| Others | 0.6 | 0.5 | 0.7 | 0.3 | -20.6% |
| Total | 17.0 | 13.8 | 12.2 | 11.1 | -13.2% |
Top Export Markets for Rice from Hong Kong SAR in 2022:
- Macao SAR (8.3K tons)
- United States (0.9K tons)
- United Kingdom (0.2K tons)
- Canada (0.2K tons)
This report provides an in-depth analysis of the rice 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:
- FCL 27 - Rice, paddy
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
669
This report provides an in-depth analysis of the rice market in Hong Kong SAR, China.
438
This report provides an in-depth analysis of the paddy rice market in Hong Kong SAR, China.
382
This report provides an in-depth analysis of the grain market in Hong Kong SAR, China.
7852
This report provides an in-depth analysis of the global rice market.
490
This report provides an in-depth analysis of the global milled rice market.
1553
This report provides an in-depth analysis of the global paddy rice market.
1378
This report provides an in-depth analysis of the global broken rice market.
741
This report provides an in-depth analysis of the global brown rice market.
612
This report provides an in-depth analysis of the global milled rice market.
3945
This report provides an in-depth analysis of the global grain market.
273
Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
823
This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
787
Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
1412
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
10409
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2148
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
1491
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
1538
In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1331
India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab
66
Explore the top import markets for milled rice and learn about the key statistics and trends in these countries. Discover the role these import markets play in the global rice trade.
