Price for Cereals; Millet, Other than Seed in Hong Kong SAR - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Hong Kong SAR (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Hong Kong SAR (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Hong Kong SAR
- Exports of Cereals; Millet, Other than Seed in Hong Kong SAR
Price for Cereals; Millet, Other than Seed in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $2,149 per ton, reducing by -12.2% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 71% against the previous year. The import price peaked at $4,067 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,862 per ton), while the price for Nepal ($332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Millet, Other than Seed in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $3,053 per ton, with an increase of 16% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed export price increased by +2.1% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 37%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($3,164 per ton), while the average price for exports to Canada stood at $1,724 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Hong Kong SAR
In 2022, cereals; millet, other than seed imports into Hong Kong SAR skyrocketed to 271 tons, with an increase of 58% against 2021. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports skyrocketed to $582K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.0 | 124 | 178 | 295 | 57.2% |
| Japan | 98.3 | 92.8 | 112 | 121 | 7.2% |
| United States | 149 | 13.7 | 53.0 | 108 | -10.2% |
| Canada | 73.9 | 52.1 | 65.3 | 51.7 | -11.2% |
| Nepal | N/A | 4.9 | 1.0 | 3.3 | -17.9% |
| Others | 2.6 | 3.1 | 9.4 | 3.3 | 8.3% |
| Total | 400 | 291 | 419 | 582 | 13.3% |
Top Suppliers of Cereals; Millet, Other than Seed to Hong Kong SAR in 2022:
- China (177.7 tons)
- United States (43.8 tons)
- Japan (20.6 tons)
- Canada (17.2 tons)
- Nepal (10.0 tons)
Exports of Cereals; Millet, Other than Seed in Hong Kong SAR
In 2022, shipments abroad of cereals; millet, other than seeds decreased by -19.4% to 6.4 tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 83%. As a result, the exports reached the peak of 16 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; millet, other than seed exports declined to $20K in 2022. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by 93%. As a result, the exports reached the peak of $40K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Millet, Other than Seed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 8.6 | 23.3 | 20.4 | 18.6 | 29.3% |
| Canada | 11.7 | 17.2 | N/A | 0.9 | -57.5% |
| Others | 0.6 | N/A | 0.5 | 0.2 | -30.7% |
| Total | 21.0 | 40.5 | 21.0 | 19.7 | -2.1% |
Top Export Markets for Cereals; Millet, Other than Seed from Hong Kong SAR in 2022:
- Macao SAR (5.9 tons)
- Canada (0.5 tons)
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