Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,766 per ton, declining by -7.4% against the previous month. Over the period under review, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in April 2023 an increase of 26% m-o-m. The import price peaked at $2,474 per ton in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,578 per ton), while the price for Indonesia ($942 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,340 per ton, with an increase of 20% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats increased by +67.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,373 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Canada ($3,747 per ton), while the average price for exports to China ($2,091 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 the United States (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Hong Kong SAR shrank markedly to 3.3K tons, declining by -15.7% compared with the previous year's figure. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 8.8% against the previous year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats shrank to $6.9M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of $7M, leveling off in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 3.1 | 3.7 | 3.4 | -1.0% |
| Indonesia | 0.6 | 0.5 | 1.0 | 1.3 | 29.4% |
| Malaysia | 0.5 | 0.5 | 0.9 | 1.0 | 26.0% |
| United States | 0.6 | 0.4 | 0.6 | 0.4 | -12.6% |
| Netherlands | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 1.1 | 0.6 | 0.6 | 0.6 | -18.3% |
| Total | 6.4 | 5.4 | 7.0 | 6.9 | 2.5% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Hong Kong SAR in 2022:
- China (1452.3 tons)
- Indonesia (876.5 tons)
- Malaysia (611.6 tons)
- United States (143.4 tons)
- Netherlands (83.7 tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR
In 2022, approx. 660 tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Hong Kong SAR; dropping by -8.1% against 2021 figures. Overall, exports showed a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 2.5%.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats rose notably to $1.5M in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 17%.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,155 | 867 | 1,006 | 1,134 | -0.6% |
| China | 510 | 126 | 257 | 189 | -28.2% |
| United States | 74.2 | 90.2 | 69.2 | 70.1 | -1.9% |
| Thailand | 54.3 | 33.6 | N/A | 65.4 | 6.4% |
| Canada | 43.9 | 61.6 | 45.0 | 51.5 | 5.5% |
| Others | 8.6 | 11.8 | 20.8 | 35.3 | 60.1% |
| Total | 1,846 | 1,190 | 1,398 | 1,545 | -5.8% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Hong Kong SAR in 2022:
- Macao SAR (511.8 tons)
- China (90.4 tons)
- United States (19.2 tons)
- Thailand (18.0 tons)
- Canada (13.7 tons)
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