Hong Kong SAR, China - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Hong Kong SAR - 2023
Contents:
- Sesame Oil Price in Hong Kong SAR (CIF) - 2023
- Sesame Oil Price in Hong Kong SAR (FOB) - 2023
- Sesame Oil Imports in Hong Kong SAR
- Sesame Oil Exports in Hong Kong SAR
Sesame Oil Price in Hong Kong SAR (CIF) - 2023
The average sesame oil import price stood at $3,591 per ton in September 2023, growing by 2.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 18% month-to-month. The import price peaked at $4,194 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,780 per ton), while the price for Taiwan (Chinese) ($2,333 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Sesame Oil Price in Hong Kong SAR (FOB) - 2023
The average sesame oil export price stood at $5,298 per ton in September 2023, dropping by -14.1% against the previous month. Over the period under review, the export price recorded a mild reduction. The growth pace was the most rapid in March 2023 an increase of 18% month-to-month. As a result, the export price reached the peak level of $6,516 per ton. From April 2023 to September 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 Australia ($10,440 per ton), while the average price for exports to Macao SAR ($2,960 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 Australia (+0.2%), while the prices for the other major destinations experienced a decline.
Sesame Oil Imports in Hong Kong SAR
Sesame oil imports into Hong Kong SAR expanded notably to 2.5K tons in 2022, with an increase of 6.4% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sesame oil imports contracted modestly to $8.5M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 7.2% against the previous year. As a result, imports attained the peak of $9.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sesame Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 4.5 | 3.9 | 4.1 | -5.1% |
| Japan | 3.1 | 3.6 | 3.3 | 2.8 | -3.3% |
| Taiwan (Chinese) | N/A | 0.4 | 0.9 | 0.8 | 41.4% |
| Singapore | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Total | 8.5 | 9.2 | 8.8 | 8.5 | 0.0% |
Top Suppliers of Sesame Oil to Hong Kong SAR in 2022:
- China (1509.0 tons)
- Japan (566.7 tons)
- Taiwan (Chinese) (304.3 tons)
- Singapore (101.9 tons)
Sesame Oil Exports in Hong Kong SAR
Sesame oil exports from Hong Kong SAR dropped significantly to 443 tons in 2022, waning by -16.9% on 2021 figures. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 17%.
In value terms, sesame oil exports contracted significantly to $2.7M in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
| Export of Sesame Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 823 | 978 | 1,069 | 703 | -5.1% |
| United Kingdom | 430 | 312 | 568 | 443 | 1.0% |
| Macao SAR | 551 | 457 | 403 | 416 | -8.9% |
| Australia | 308 | 211 | 188 | 135 | -24.0% |
| New Zealand | 77.3 | 19.5 | 84.5 | 97.2 | 7.9% |
| South Africa | 74.3 | 75.4 | 75.5 | 76.6 | 1.0% |
| Panama | 58.4 | 10.7 | 29.8 | 49.2 | -5.6% |
| United States | 117 | 35.2 | 56.1 | 39.7 | -30.3% |
| Mauritius | 9.1 | 9.7 | 19.8 | 34.3 | 55.6% |
| Sweden | 9.1 | 8.3 | 16.9 | 28.5 | 46.3% |
| China | 196 | 33.2 | 11.4 | 9.0 | -64.2% |
| Canada | 57.2 | 2.5 | 22.3 | 4.8 | -56.2% |
| Belgium | 99.6 | 78.4 | 7.1 | N/A | -73.3% |
| Others | 676 | 466 | 609 | 625 | -2.6% |
| Total | 3,485 | 2,697 | 3,160 | 2,661 | -8.6% |
Top Export Markets for Sesame Oil from Hong Kong SAR in 2022:
- Macao SAR (109.6 tons)
- Netherlands (75.0 tons)
- United Kingdom (65.0 tons)
- South Africa (15.0 tons)
- New Zealand (14.2 tons)
- Australia (14.1 tons)
- Mauritius (9.9 tons)
- Panama (7.7 tons)
- Sweden (7.1 tons)
- United States (6.7 tons)
- Canada (1.4 tons)
- China (1.1 tons)
This report provides an in-depth analysis of the sesame 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:
- FCL 290 - Oil of Sesame 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
-
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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