Price for Flours and Meals; of Soya Beans in Hong Kong SAR - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Hong Kong SAR (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Hong Kong SAR (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Hong Kong SAR
4. Exports of Flours and Meals; of Soya Beans in Hong Kong SAR

Price for Flours and Meals; of Soya Beans in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,617 per ton, increasing by 20% against the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24% against the previous year. The import price peaked at $2,073 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Thailand ($2,210 per ton), while the price for Taiwan (Chinese) ($1,353 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flours and Meals; of Soya Beans in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $1,431 per ton, rising by 13% against the previous year. Overall, the export price recorded a noticeable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 82%. As a result, the export price attained the peak level of $3,163 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +11.2% per year.

Imports of Flours and Meals; of Soya Beans in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in purchases abroad of flours and meals; of soya beanses, when their volume decreased by -14.5% to 539 tons. Over the period under review, imports saw a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 4.5%.

In value terms, imports of flours and meals; of soya beanses totaled $872K in 2022. In general, imports saw a abrupt downturn.

Top Suppliers of Flours and Meals; of Soya Beans to Hong Kong SAR in 2022:

1. Taiwan (Chinese) (306.9 tons)
2. China (182.3 tons)
3. Thailand (40.9 tons)

Exports of Flours and Meals; of Soya Beans in Hong Kong SAR

In 2022, approx. 252 tons of flours and meals; of soya beanses were exported from Hong Kong SAR; with an increase of 57% against 2021 figures. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. As a result, the exports attained the peak of 313 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flours and meals; of soya beanses soared to $360K in 2022. Over the period under review, exports posted perceptible growth.

Top Export Markets for Flours and Meals; of Soya Beans from Hong Kong SAR in 2022:

1. Philippines (251.7 tons)

Source: IndexBox Market Intelligence Platform