Hong Kong SAR, China: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Hong Kong SAR, China

The Hong Kong starch manufacture residues market was estimated at $X in 2022, with an increase of 4.4% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Hong Kong SAR, China

In value terms, starch manufacture residues production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Starch Manufacture Residues Exports

Exports from Hong Kong SAR, China

In 2022, exports of residues of starch manufacture from Hong Kong SAR surged to X tons, with an increase of 34% against the year before. In general, exports, however, continue to indicate a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, starch manufacture residues exports declined to $X in 2022. Overall, exports, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 14%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) was the main destination for starch manufacture residues exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Africa was relatively modest.

From 2012 to 2022, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, dropping by -30% against the previous year. In general, the export price, however, saw a measured increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 92% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +110.3% per year.

Starch Manufacture Residues Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in purchases abroad of residues of starch manufacture, when their volume decreased by -30.9% to X tons. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 162% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, starch manufacture residues imports dropped sharply to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 183% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest starch manufacture residues supplier to Hong Kong SAR, with a 71% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.9% per year) and Malaysia (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of residues of starch manufacture to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.6% per year) and Malaysia (+5.4% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, declining by -2.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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