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Hong Kong SAR, China - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMargarine and Shortening Price in Hong Kong SAR - 2023
Contents:
- Margarine and Shortening Price in Hong Kong SAR (CIF) - 2023
- Margarine and Shortening Price in Hong Kong SAR (FOB) - 2023
- Margarine and Shortening Imports in Hong Kong SAR
- Margarine and Shortening Exports in Hong Kong SAR
Margarine and Shortening Price in Hong Kong SAR (CIF) - 2023
The average margarine and shortening import price stood at $2,100 per ton in September 2023, dropping by -7.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 8.9% against the previous month. As a result, import price attained the peak level of $2,376 per ton. From February 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($2,900 per ton), while the price for Indonesia ($1,187 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+1.3%), while the prices for the other major suppliers experienced a decline.
Margarine and Shortening Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average margarine and shortening export price amounted to $3,085 per ton, surging by 81% against the previous month. Over the period under review, export price indicated perceptible growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, margarine and shortening export price increased by +80.7% against August 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was China ($19,232 per ton), while the average price for exports to Macao SAR ($2,569 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Margarine and Shortening Imports in Hong Kong SAR
Margarine and shortening imports into Hong Kong SAR reduced to 9.7K tons in 2022, with a decrease of -7.3% against the year before. Overall, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 9.5%.
In value terms, margarine and shortening imports totaled $23M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Margarine and Shortening in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 2.9 | 3.0 | 3.1 | 4.3 | 14.0% |
Malaysia | 2.7 | 2.7 | 3.9 | 4.2 | 15.9% |
China | 4.4 | 3.7 | 4.1 | 3.6 | -6.5% |
Singapore | 2.2 | 2.0 | 2.2 | 3.3 | 14.5% |
Netherlands | 1.6 | 1.6 | 2.0 | 2.5 | 16.0% |
Indonesia | 1.1 | 1.0 | 1.8 | 2.0 | 22.1% |
United States | 0.6 | 0.4 | 0.7 | 0.6 | 0.0% |
Others | 2.8 | 2.2 | 2.1 | 2.1 | -9.1% |
Total | 18.3 | 16.5 | 20.0 | 22.6 | 7.3% |
Top Suppliers of Margarine and Shortening to Hong Kong SAR in 2022:
- Malaysia (2.2K tons)
- Australia (1.6K tons)
- China (1.5K tons)
- Singapore (1.3K tons)
- Indonesia (1.3K tons)
- Netherlands (1.0K tons)
- United States (0.2K tons)
Margarine and Shortening Exports in Hong Kong SAR
In 2022, approx. 1.1K tons of margarine and shortening were exported from Hong Kong SAR; reducing by -17.1% compared with the year before. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
In value terms, margarine and shortening exports rose significantly to $2.7M in 2022. In general, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 37%.
Export of Margarine and Shortening in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 1,809 | 1,437 | 1,783 | 1,964 | 2.8% |
China | 726 | 131 | 299 | 258 | -29.2% |
Mozambique | 219 | 53.0 | 275 | 205 | -2.2% |
United States | 74.2 | 90.2 | 69.2 | 70.1 | -1.9% |
Thailand | 54.3 | 33.6 | N/A | 65.4 | 6.4% |
Others | 193 | 76.3 | 65.8 | 86.8 | -23.4% |
Total | 3,075 | 1,821 | 2,492 | 2,650 | -4.8% |
Top Export Markets for Margarine and Shortening from Hong Kong SAR in 2022:
- Macao SAR (774.2 tons)
- Mozambique (138.4 tons)
- China (113.7 tons)
- United States (19.2 tons)
- Thailand (18.0 tons)
This report provides an in-depth analysis of the margarine and shortening 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 2030.
Product coverage:
- FCL 1242 - Margarine and Shortening
Country coverage:
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the margarine and shortening market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global margarine and shortening market.
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
This report provides an in-depth analysis of the margarine and shortening market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global margarine and shortening market.
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
Imports of Margarine And Shortening reached a peak of 22K tons in 2014, but failed to regain momentum from 2015 to 2023. In terms of value, imports surged to $21M in 2023.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
Imports of Margarine And Shortening reached a peak of 22K tons in 2014, but failed to regain momentum from 2015 to 2023. In terms of value, imports surged to $21M in 2023.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.