Report Update Nov 1, 2024

Hong Kong SAR, China - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Hong Kong SAR, China

In 2022, the Hong Kong rapeseed oil market increased by 0.7% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption recorded a slight setback. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Rapeseed Oil Exports

Exports from Hong Kong SAR, China

In 2022, the amount of rapeseed oil exported from Hong Kong SAR declined sharply to X tons, shrinking by -45.2% against the previous year. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 20%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, rapeseed oil exports fell sharply to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 72%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for rapeseed oil exports from Hong Kong SAR, with a 96% share of total exports. It was followed by China (X tons), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR was relatively modest.

In value terms, Macao SAR ($X) remains the key foreign market for rapeseed oil exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was held by China ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Macao SAR amounted to +2.7%.

Export Prices by Country

In 2022, the average rapeseed oil export price amounted to $X per ton, increasing by 26% against the previous year. In general, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of 49%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+3.1%).

Rapeseed Oil Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of rapeseed oil were imported into Hong Kong SAR; falling by -21.5% against 2021. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 43%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, rapeseed oil imports expanded rapidly to $X in 2022. Overall, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) were the main suppliers of rapeseed oil imports to Hong Kong SAR, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +78.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Canada ($X) and Malaysia ($X) constituted the largest rapeseed oil suppliers to Hong Kong SAR, together accounting for 93% of total imports.

The United Arab Emirates, with a CAGR of +82.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average rapeseed oil import price amounted to $X per ton, surging by 35% against the previous year. Over the period under review, the import price posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 an increase of 54%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil consumption in 2021 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by Germany, Poland, France, Canada, Japan, Belgium, the UK, Mexico, the Netherlands and Norway, which together accounted for a further 42%.

What are the largest producers of rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil production in 2021 were Canada, Germany and China, together accounting for 43% of global production. These countries were followed by India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic, which together accounted for a further 42%.

What are the leading suppliers of rapeseed oil to Hong Kong SAR, China?

In value terms, the largest rapeseed oil suppliers to Hong Kong SAR were China, Canada and Malaysia, together accounting for 96% of total imports.

What are the leading importers of rapeseed oil from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for rapeseed oil exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was occupied by China, with a 3.7% share of total exports.

What is the average export price for rapeseed oil in Hong Kong SAR, China?

The average rapeseed oil export price stood at $1,582 per ton in 2021, increasing by 48% against the previous year.

What is the average import price for rapeseed oil in Hong Kong SAR, China?

In 2021, the average rapeseed oil import price amounted to $1,135 per ton, surging by 32% against the previous year.

This report provides an in-depth analysis of the rapeseed oil 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 271 - Oil of Rapeseed or Canola oil

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023