Hong Kong SAR, China: Oil Crops Market 2025

Oil Crops Market Size in Hong Kong SAR, China

In 2022, the Hong Kong oil crops market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a mild increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Oil Crops Production in Hong Kong SAR, China

In value terms, oil crops production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

In 2022, the average oil crops yield in Hong Kong SAR was estimated at less than X kg per ha, standing approx. at 2021 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the oil crops harvested area in Hong Kong SAR totaled less than X ha, standing approx. at the year before. In general, the harvested area showed a relatively flat trend pattern.

Oil Crops Exports

Exports from Hong Kong SAR, China

In 2022, oil crops exports from Hong Kong SAR contracted markedly to X tons, dropping by X% compared with 2021 figures. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, oil crops exports declined significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Macao SAR (X tons) and Latvia (X tons) were the main destinations of oil crops exports from Hong Kong SAR, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Macao SAR ($X), China ($X) and Latvia ($X) constituted the largest markets for oil crops exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

Macao SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops export price increased by X% against 2017 indices. As a result, the export price reached 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 Latvia ($X per ton), while the average price for exports to China ($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 China (X%).

Oil Crops Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of oil crops (primary) were imported into Hong Kong SAR; falling by X% against the year before. Overall, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, oil crops imports contracted slightly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest oil crops supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, oil crops imports from Canada exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

In value terms, Canada ($X) constituted the largest supplier of oil crops (primary) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price saw a tangible increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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