Price for Protein; Concentrates and Textured Protein Substances in Hong Kong SAR - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Hong Kong SAR (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Hong Kong SAR (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Hong Kong SAR
- Exports of Protein; Concentrates and Textured Protein Substances in Hong Kong SAR
Price for Protein; Concentrates and Textured Protein Substances in Hong Kong SAR (CIF) - 2024
In March 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $10,539 per ton, which is down by -32.6% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 104% month-to-month. The import price peaked at $15,642 per ton in February 2024, and then declined remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Japan ($21,899 per ton), while the price for Belgium ($2,994 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Hong Kong SAR (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $12,712 per ton in 2022, picking up by 115% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($36,610 per ton), while the average price for exports to China totaled $9,239 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Hong Kong SAR
In 2022, imports of protein; concentrates and textured protein substanceses into Hong Kong SAR shrank to 1.1K tons, dropping by -9.1% compared with 2021 figures. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 13%.
In value terms, imports of protein; concentrates and textured protein substanceses expanded remarkably to $13M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 +56.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 5.3 | 7.7 | 7.9 | 10.2% |
| China | 1.4 | 0.9 | 1.1 | 1.6 | 4.6% |
| Taiwan (Chinese) | 0.7 | 0.3 | 0.5 | 1.2 | 19.7% |
| Canada | 0.4 | 0.3 | 0.5 | 0.7 | 20.5% |
| Netherlands | 0.6 | 0.5 | 0.5 | 0.6 | 0.0% |
| Belgium | N/A | N/A | N/A | 0.4 | 0% |
| Malaysia | 0.6 | 0.3 | 0.3 | 0.2 | -30.7% |
| Japan | 0.8 | 0.2 | 0.4 | 0.1 | -50.0% |
| Others | 0.5 | 0.4 | 0.7 | 0.2 | -26.3% |
| Total | 11.0 | 8.2 | 11.7 | 12.9 | 5.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Hong Kong SAR in 2022:
- United States (419.6 tons)
- China (269.7 tons)
- Taiwan (Chinese) (127.5 tons)
- Belgium (70.6 tons)
- Netherlands (57.8 tons)
- Canada (51.0 tons)
- Japan (46.7 tons)
- Malaysia (44.7 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Hong Kong SAR
In 2022, shipments abroad of protein; concentrates and textured protein substanceses decreased by -76.1% to 136 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 170% against the previous year.
In value terms, exports of protein; concentrates and textured protein substanceses declined dramatically to $1.7M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year. As a result, the exports attained the peak of $3.8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Protein; Concentrates and Textured Protein Substances in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 3.3 | 3.3 | 1.1 | 6.9% |
| Macao SAR | 0.8 | 0.5 | 0.1 | 0.6 | -9.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 3.8 | 3.4 | 1.7 | 0.0% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Hong Kong SAR in 2022:
- China (117.0 tons)
- Macao SAR (17.3 tons)
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