Hong Kong SAR, China: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Hong Kong SAR, China

After four years of decline, the Hong Kong non-wheat groats market increased by 6% to $X in 2021. Over the period under review, consumption, however, continues to indicate a deep downturn. Non-wheat groats consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Wheat Groats Production in Hong Kong SAR, China

In value terms, non-wheat groats production rose notably to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 when the production volume increased by 35% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Wheat Groats Exports

Exports from Hong Kong SAR, China

In 2021, the amount of groats and meal of cereals (excluding wheat) exported from Hong Kong SAR rose remarkably to X tons, surging by 6.5% against 2020 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 3,213%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat groats exports surged to $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 5,752%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for non-wheat groats exports from Hong Kong SAR, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +64.8%.

In value terms, Malaysia ($X) also remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +68.9%.

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats export price increased by +21.7% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 77% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +2.5% per year.

Non-Wheat Groats Imports

Imports into Hong Kong SAR, China

In 2021, non-wheat groats imports into Hong Kong SAR rose notably to X tons, with an increase of 7.9% on the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 22%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, non-wheat groats imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 37%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of non-wheat groats to Hong Kong SAR, accounting for a 33% share of total imports. Moreover, non-wheat groats imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.6% per year) and the Netherlands (-2.9% per year).

In value terms, Spain ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Hong Kong SAR, comprising 26% of total imports. The second position in the ranking was taken by France ($X), with a 9.2% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.1% per year) and the Netherlands (-2.6% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the import price, however, showed a mild setback. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :