Hong Kong SAR, China: Linseed Market 2022

Linseed Market Size in Hong Kong SAR, China

The Hong Kong linseed market dropped remarkably to $X in 2021, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Linseed Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of linseed increased by X% to X tonnes, rising for the second year in a row after seven years of decline. Over the period under review, exports, however, recorded a precipitous curtailment. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, linseed exports skyrocketed to $X in 2021. Overall, exports, however, faced a drastic downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes) was the main destination for linseed exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, linseed exports to China exceeded the volume sent to the second major destination, Macao SAR (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to China stood at +X%.

In value terms, China ($X) emerged as the key foreign market for linseed exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Macao SAR ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +X%.

Export Prices by Country

The average linseed export price stood at $X per tonne in 2021, shrinking by -X% against the previous year. Overall, the export price, however, saw strong growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($X per tonne), while the average price for exports to China totaled $X per tonne.

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

Linseed Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tonnes of linseed were imported into Hong Kong SAR; with a decrease of -X% against the previous year. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, linseed imports shrank notably to $X in 2021. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X tonnes), the United States (X tonnes) and Australia (X tonnes) were the main suppliers of linseed imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Australia (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Canada ($X) appeared to be the largest linseed suppliers to Hong Kong SAR, together accounting for X% of total imports.

In terms of the main suppliers, Australia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average linseed import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for Canada ($X per tonne) 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 mixed trend patterns.

Source: IndexBox Platform