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Hong Kong SAR, China - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Hong Kong SAR, China: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in Hong Kong SAR, China

The Hong Kong refined groundnut oil market skyrocketed to $X in 2020, with an increase of 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 saw a pronounced expansion. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Refined Groundnut Oil Exports

Exports from Hong Kong SAR, China

In 2020, refined groundnut oil exports from Hong Kong SAR rose modestly to X tonnes, increasing by X% against the year before. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

In value terms, refined groundnut oil exports expanded sharply to $X in 2020. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the near future.

Exports by Country

China (X tonnes), Macao SAR (X tonnes) and the U.S. (X tonnes) were the main destinations of refined groundnut oil exports from Hong Kong SAR, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Macao SAR ($X) and China ($X) were the largest markets for refined groundnut oil exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

China saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined groundnut oil export price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, export price indicated mild growth 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, refined groundnut oil export price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Canada ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into Hong Kong SAR, China

Refined groundnut oil imports into Hong Kong SAR surged to X tonnes in 2020, growing by X% compared with 2019 figures. Over the period under review, imports recorded pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined groundnut oil imports surged to $X in 2020. In general, total imports indicated prominent growth from 2007 to 2020: its value 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. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; afterwards, it flattened through to 2020.

Imports by Country

In 2020, China (X tonnes) was the main refined groundnut oil supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, refined groundnut oil imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), tenfold.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of refined groundnut oil to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

In 2020, the average refined groundnut oil import price amounted to $X per tonne, growing by X% against the previous year. Overall, import price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, refined groundnut oil import price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for China totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
+
The countries with the highest volumes of refined groundnut oil consumption in 2020 were Afghanistan (43K tonnes), Italy (38K tonnes) and Belgium (11K tonnes), together accounting for 60% of global consumption.
What are the largest producers of refined groundnut oil in the world?
+
The countries with the highest volumes of refined groundnut oil production in 2020 were Italy (39K tonnes), India (22K tonnes) and Belgium (17K tonnes), with a combined 65% share of global production.
What are the leading suppliers of refined groundnut oil to Hong Kong SAR, China?
+
In value terms, China ($21M) constituted the largest supplier of refined groundnut oil to Hong Kong SAR, comprising 89% of total imports. The second position in the ranking was occupied by the U.S. ($2.6M), with a 11% share of total imports.
What are the leading importers of refined groundnut oil from Hong Kong SAR, China?
+
In value terms, the largest markets for refined groundnut oil exported from Hong Kong SAR were the U.S. ($2.1M), Macao SAR ($2M) and China ($1.6M), with a combined 81% share of total exports.
What is the average export price for refined groundnut oil in Hong Kong SAR, China?
+
The average refined groundnut oil export price stood at $2,469 per tonne in 2020, picking up by 4.3% against the previous year.
What is the average import price for refined groundnut oil in Hong Kong SAR, China?
+
The average refined groundnut oil import price stood at $2,174 per tonne in 2020, increasing by 8.2% against the previous year.

Product coverage:
• Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined groundnut 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 2025.


Country coverage:
• China, 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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