Hong Kong SAR, China: Cotton-Seed Oil Market 2022

Cotton-Seed Oil Exports

Exports from Hong Kong SAR, China

In 2020, shipments abroad of cotton-seed oil decreased by -X% to X kg, falling for the fourth consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, the exports hit record highs at X tonnes in 2009; however, from 2010 to 2020, the exports remained at a lower figure.

In value terms, cotton-seed oil exports contracted sharply to $X in 2020. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2009; however, from 2010 to 2020, the exports remained at a lower figure.

Exports by Country

Macao SAR (X kg) was the main destination for cotton-seed oil exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macao SAR totaled -X%.

In value terms, Macao SAR ($X) also remains the key foreign market for cotton-seed oil exports from Hong Kong SAR.

From 2007 to 2020, the average annual rate of growth in terms of value to Macao SAR stood at -X%.

Export Prices by Country

In 2020, the average cotton-seed oil export price amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, export price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cotton-seed oil export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to +X% per year.

Cotton-Seed Oil Imports

Imports into Hong Kong SAR, China

In 2020, approx. X tonnes of cotton-seed oil were imported into Hong Kong SAR; which is down by -X% on 2019 figures. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports failed to regain momentum.

In value terms, cotton-seed oil imports declined remarkably to $X in 2020. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2015 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Japan (X tonnes) was the main supplier of cotton-seed oil to Hong Kong SAR, with a X% share of total imports. Moreover, cotton-seed oil imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Japan stood at +X%.

In value terms, Japan ($X) constituted the largest supplier of cotton-seed oil to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Japan amounted to +X%.

Import Prices by Country

In 2020, the average cotton-seed oil import price amounted to $X per tonne, jumping by X% against the previous year. In general, import price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cotton-seed oil import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; afterwards, it flattened through to 2020.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per tonne), while the price for Japan stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform