Report Update Nov 1, 2024

Hong Kong SAR, China - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Maize Market 2024

Maize Market Size in Hong Kong SAR, China

In 2022, after six years of growth, there was decline in the Hong Kong maize market, when its value decreased by -0.2% to $X. In general, consumption, however, posted a significant increase. Over the period under review, the market attained the peak level at $X in 2021, and then contracted modestly in the following year.

Maize Exports

Exports from Hong Kong SAR, China

In 2022, exports of maize (green) from Hong Kong SAR soared to X tons, jumping by 75% against 2021 figures. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 768% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, maize exports rose sharply to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 198%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for maize exports from Hong Kong SAR, accounting for a 66% share of total exports. Moreover, maize exports to the United States exceeded the volume sent to the second major destination, Macao SAR (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+12.0% per year) and Sweden (-12.2% per year).

In value terms, the United States ($X), Macao SAR ($X) and Sweden ($X) constituted the largest markets for maize exported from Hong Kong SAR worldwide, with a combined 92% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +76.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, falling by -34.7% against the previous year. In general, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 an increase of 410%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Sweden ($X 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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of maize (green) decreased by -0.8% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 70% against the previous year. Imports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, maize imports contracted slightly to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X tons) was the main maize supplier to Hong Kong SAR, with a 97% share of total imports. It was followed by Thailand (X tons), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.2%.

In value terms, China ($X) constituted the largest supplier of maize (green) to Hong Kong SAR, comprising 91% of total imports. The second position in the ranking was held by Thailand ($X), with a 2.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +33.4%.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price posted resilient growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 45%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (green) in the world?

The United States remains the largest maize consuming country worldwide, comprising approx. 26% of total volume. Moreover, maize consumption in the United States exceeded the figures recorded by the second-largest consumer, Croatia, fourfold. The third position in this ranking was occupied by Nigeria, with a 5.9% share.

What are the largest producers of maize (green) in the world?

The United States constituted the country with the largest volume of maize production, comprising approx. 26% of total volume. Moreover, maize production in the United States exceeded the figures recorded by the second-largest producer, Mexico, threefold. Croatia ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of maize (green) to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of maize to Hong Kong SAR.

What are the leading importers of maize (green) from Hong Kong SAR, China?

In value terms, Macao SAR, China and the United States appeared to be the largest markets for maize exported from Hong Kong SAR worldwide, together comprising 80% of total exports.

What is the average export price for maize (green) in Hong Kong SAR, China?

In 2021, the average maize export price amounted to $3,671 per ton, rising by 26% against the previous year.

What is the average import price for maize (green) in Hong Kong SAR, China?

In 2021, the average maize import price amounted to $1,634 per ton, picking up by 9.2% against the previous year.

This report provides an in-depth analysis of the maize market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 446 - Green Corn (Maize)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023