Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Hong Kong SAR, China: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Hong Kong SAR, China

The Hong Kong refined groundnut oil market contracted to $X in 2021, falling by -7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw strong growth. Refined groundnut oil consumption peaked at $X in 2020, and then shrank in the following year.

Refined Groundnut Oil Exports

Exports from Hong Kong SAR, China

After two years of growth, overseas shipments of refined groundnut oil decreased by -34.6% to X tons in 2021. Overall, exports, however, showed a slight expansion. The growth pace was the most rapid in 2014 with an increase of 48% against the previous year. The exports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, refined groundnut oil exports fell to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Macao SAR (X tons), the United States (X tons) and China (X tons) were the main destinations of refined groundnut oil exports from Hong Kong SAR, together comprising 79% of total exports. Australia, Canada, Malaysia and Singapore lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined groundnut oil exported from Hong Kong SAR were the United States ($X), Macao SAR ($X) and China ($X), with a combined 72% share of total exports. Australia, Canada, Malaysia and Singapore lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Malaysia, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average refined groundnut oil export price amounted to $X per ton, surging by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into Hong Kong SAR, China

Refined groundnut oil imports into Hong Kong SAR contracted sharply to X tons in 2021, shrinking by -21.3% against 2020 figures. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 35%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, refined groundnut oil imports declined to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value 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, imports increased by +34.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest refined groundnut oil supplier to Hong Kong SAR, accounting for a 85% share of total imports. Moreover, refined groundnut oil imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.9%.

In value terms, China ($X) constituted the largest supplier of refined groundnut oil to Hong Kong SAR, comprising 82% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.9%.

Import Prices by Country

In 2021, the average refined groundnut oil import price amounted to $X per ton, increasing by 17% against the previous year. Overall, the import price, however, saw a perceptible downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 30% of global consumption. These countries were followed by Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico, which together accounted for a further 24%.

What are the largest producers of refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 32% of global production. Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico lagged somewhat behind, together comprising a further 25%.

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

In value terms, China constituted the largest supplier of refined groundnut oil to Hong Kong SAR, comprising 82% of total imports. The second position in the ranking was occupied by the United States, with a 17% share of total imports.

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

In value terms, the United States, Macao SAR and China were the largest markets for refined groundnut oil exported from Hong Kong SAR worldwide, together accounting for 72% of total exports. Australia, Canada and Malaysia lagged somewhat behind, together comprising a further 27%.

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

The average refined groundnut oil export price stood at $3,262 per ton in 2021, with an increase of 32% against the previous year.

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

The average refined groundnut oil import price stood at $2,544 per ton in 2021, increasing by 17% against the previous year.

This report provides an in-depth analysis of the refined groundnut 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:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

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