Hong Kong SAR, China: Cereal Grains Market 2022

Cereal Grains Market Size in Hong Kong SAR, China

The Hong Kong cereal grains market soared to $X in 2021, jumping by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Cereal grains consumption peaked in 2021 and is likely to see gradual growth in years to come.

Cereal Grains Production in Hong Kong SAR, China

In value terms, cereal grains production shrank to $X in 2021 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Cereal Grains Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of cereal grains decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cereal grains exports dropped remarkably to $X in 2021. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Macao SAR (X tons) were the main destinations of cereal grains exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were in Macao SAR (with a CAGR of -X value terms, the largest markets for cereal grains exported from Hong Kong SAR were Macao SAR ($X) and China ($X SAR, with a CAGR of -X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average cereal grains export price stood at $X per ton in 2021, falling by -X% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-X%).

Cereal Grains Imports

Imports into Hong Kong SAR, China

In 2021, the amount of cereal grains imported into Hong Kong SAR surged to X tons, rising by X% on the previous year. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal grains imports soared to $X in 2021. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest cereal grains supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, cereal grains imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was occupied by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the United States (+X% per year).

In value terms, China ($X) constituted the largest supplier of cereal grains to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average cereal grains import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform