Price for Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR - 2024
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
- Price for Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR (FOB) - 2022
- Imports of Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR
- Exports of Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR
Price for Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for oil seeds; linseed, whether or not brokens amounted to $4,767 per ton, remaining constant against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the peak figure at $6,227 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,025 per ton), while the price for Taiwan (Chinese) ($2,642 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR (FOB) - 2022
The average export price for oil seeds; linseed, whether or not brokens stood at $5,372 per ton in 2022, growing by 157% against the previous year. In general, the export price, however, showed a noticeable shrinkage. Over the period under review, the average export prices hit record highs at $9,754 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +12.5% per year.
Imports of Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR
In 2022, approx. 41 tons of oil seeds; linseed, whether or not brokens were imported into Hong Kong SAR; jumping by 65% against 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% 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 +85.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of oil seeds; linseed, whether or not brokens surged to $195K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.7 | 31.5 | 47.7 | 83.4 | 67.6% |
| Canada | 79.2 | 79.0 | 52.6 | 62.2 | -7.7% |
| China | 3.7 | 7.3 | N/A | 39.1 | 119.4% |
| Taiwan (Chinese) | 4.1 | 5.0 | 3.8 | 5.3 | 8.9% |
| Australia | 4.0 | N/A | 10.1 | N/A | 58.9% |
| Others | 1.9 | 2.1 | 4.1 | 4.8 | 36.2% |
| Total | 110 | 125 | 118 | 195 | 21.0% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Hong Kong SAR in 2022:
- United States (18.0 tons)
- Canada (13.7 tons)
- China (6.7 tons)
- Taiwan (Chinese) (2.0 tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of oil seeds; linseed, whether or not brokens, when their volume decreased by -93.2% to 333 kg. Overall, exports saw a significant decline. The growth pace was the most rapid in 2021 when exports increased by 138%. As a result, the exports reached the peak of 4.9 tons, and then fell significantly in the following year.
In value terms, exports of oil seeds; linseed, whether or not brokens reduced rapidly to $1.8K in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year. As a result, the exports reached the peak of $10K, and then reduced rapidly in the following year.
| Export of Oil Seeds; Linseed, Whether or Not Broken in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 5.2 | 6.1 | 2.9 | 1.8 | -29.8% |
| China | N/A | N/A | 7.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 6.1 | 10.3 | 1.8 | -29.8% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Hong Kong SAR in 2022:
- Macao SAR (333.0 kg)
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