Hong Kong SAR, China: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Hong Kong SAR, China

The Hong Kong market for starch other than wheat, corn or potato expanded sharply to $X in 2021, picking up by X% 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 continues to indicate resilient growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Hong Kong SAR, China

In 2021, shipments abroad of starch other than wheat, corn or potato was finally on the rise to reach X tons after seven years of decline. Over the period under review, exports, however, faced a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato expanded remarkably to $X in 2021. In general, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Ghana (X tons), China (X tons) and Macao SAR (X tons) were the main destinations of exports of starch other than wheat, corn or potato from Hong Kong SAR, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Ghana (with a CAGR of +X%), while shipments for the other leaders experienced a decline.

In value terms, Ghana ($X), China ($X) and Macao SAR ($X) constituted the largest markets for starch other than wheat, corn or potato exported from Hong Kong SAR worldwide, together accounting for X% of total exports.

Among the main countries of destination, Ghana, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to China ($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 China (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Starch other than Wheat, Corn or Potato

Imports into Hong Kong SAR, China

In 2021, approx. X tons of starch other than wheat, corn or potato were imported into Hong Kong SAR; increasing by X% against 2020. In general, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of starch other than wheat, corn or potato rose rapidly to $X in 2021. Overall, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of starch other than wheat, corn or potato to Hong Kong SAR, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at -X%.

In value terms, Thailand ($X) and China ($X) constituted the largest starch other than wheat, corn or potato suppliers to Hong Kong SAR.

In terms of the main suppliers, China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%).

Source: IndexBox Platform

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