Hong Kong SAR, China: Cereal Germ Market 2024

Cereal Germ Market Size in Hong Kong SAR, China

The Hong Kong cereal germ market was finally on the rise to reach $X in 2021, after four years of decline. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.7% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Cereal Germ Production in Hong Kong SAR, China

In value terms, cereal germ production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -38.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 66%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Cereal Germ Exports

Exports from Hong Kong SAR, China

Cereal germ exports from Hong Kong SAR fell markedly to X tons in 2021, waning by -18.5% compared with the previous year. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,566%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal germ exports shrank notably to $X in 2021. Overall, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 660%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for cereal germ exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR stood at +9.8%.

In value terms, Macao SAR ($X) emerged as the key foreign market for cereal germ exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR amounted to +2.7%.

Export Prices by Country

The average cereal germ export price stood at $X per ton in 2021, which is down by -25.8% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 524%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Macao SAR amounted to -6.5% per year.

Cereal Germ Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of cereal germ were imported into Hong Kong SAR; waning by -61.7% compared with 2020 figures. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 135% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, cereal germ imports dropped rapidly to $X in 2021. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 153% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) was the main cereal germ supplier to Hong Kong SAR, with a 95% share of total imports. Moreover, cereal germ imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to -15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.3% per year) and the United States (-32.6% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of cereal germ to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.6% per year) and the United States (-22.3% per year).

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, which is down by -17% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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