Hong Kong SAR, China: Sesame Oil Market 2024

Sesame Oil Market Size in Hong Kong SAR, China

The Hong Kong sesame oil market totaled $X in 2022, picking up 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). The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Sesame Oil Exports

Exports from Hong Kong SAR, China

Sesame oil exports from Hong Kong SAR fell rapidly to X tons in 2022, shrinking by X% on the previous year's figure. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sesame oil exports dropped rapidly to $X in 2022. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of sesame oil exports from Hong Kong SAR, together accounting for X% of total exports. South Africa, New Zealand, Australia, Mauritius, Panama, Sweden, the United States, Canada and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sesame oil exported from Hong Kong SAR were the Netherlands ($X), the UK ($X) and Macao SAR ($X), together accounting for X% of total exports. Australia, New Zealand, South Africa, Panama, the United States, Mauritius, Sweden, the Philippines and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sesame oil export price amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sesame Oil Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of sesame oil were imported into Hong Kong SAR; with an increase of X% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sesame oil imports dropped slightly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest sesame oil supplier to Hong Kong SAR, with a X% share of total imports. Moreover, sesame oil imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest sesame oil suppliers to Hong Kong SAR were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average sesame oil import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :