Hong Kong SAR, China: Margarine And Shortening Market 2025

Margarine And Shortening Market Size in Hong Kong SAR, China

In 2022, the Hong Kong margarine and shortening market increased by 10% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a abrupt setback. Margarine and shortening consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Margarine And Shortening Exports

Exports from Hong Kong SAR, China

In 2022, margarine and shortening exports from Hong Kong SAR reduced rapidly to X tons, with a decrease of -17.1% on the previous year's figure. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 89%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, margarine and shortening exports reached $X in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by 55% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for margarine and shortening exports from Hong Kong SAR, accounting for a 71% share of total exports. Moreover, margarine and shortening exports to Macao SAR exceeded the volume sent to the second major destination, Mozambique (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+49.6% per year) and China (-28.3% per year).

In value terms, Macao SAR ($X) remains the key foreign market for margarine and shortening exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was held by China ($X), with a 9.7% share of total exports. It was followed by Mozambique, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-24.3% per year) and Mozambique (+48.0% per year).

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, increasing by 28% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening export price increased by +63.0% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 41%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mozambique ($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 Vietnam (+72.3%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of margarine and shortening were imported into Hong Kong SAR; with a decrease of -7.3% against 2021 figures. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 9.5% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, margarine and shortening imports expanded rapidly to $X in 2022. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Australia (X tons) and China (X tons) were the main suppliers of margarine and shortening imports to Hong Kong SAR, with a combined 55% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +1.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest margarine and shortening suppliers to Hong Kong SAR were Australia ($X), Malaysia ($X) and China ($X), together comprising 54% of total imports. Singapore, the Netherlands, Indonesia and the United States lagged somewhat behind, together comprising a further 37%.

The Netherlands, with a CAGR of +4.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average margarine and shortening import price amounted to $X per ton, growing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue 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 the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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