Broken Rice Price in Hong Kong SAR - 2023
Contents:
- Broken Rice Price in Hong Kong SAR (CIF) - 2023
- Broken Rice Price in Hong Kong SAR (FOB) - 2022
- Broken Rice Imports in Hong Kong SAR
- Broken Rice Exports in Hong Kong SAR
Broken Rice Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average broken rice import price amounted to $474 per ton, with an increase of 4.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 8.7% against the previous month. Over the period under review, average import prices hit record highs in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($702 per ton), while the price for Vietnam ($429 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Price in Hong Kong SAR (FOB) - 2022
In 2022, the average broken rice export price amounted to $556 per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +2.0% per year.
Broken Rice Imports in Hong Kong SAR
Broken rice imports into Hong Kong SAR reached 7.4K tons in 2022, growing by 9.5% on the previous year. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 7.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, broken rice imports soared to $3.1M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Broken Rice in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 46.9 | 235 | N/A | 1,459 | 214.5% |
| Pakistan | 1,619 | 1,816 | 2,350 | 1,440 | -3.8% |
| Thailand | 443 | 498 | 211 | 159 | -28.9% |
| Vietnam | 317 | 297 | 76.4 | 59.9 | -42.6% |
| Others | 44.4 | 83.8 | 88.3 | 30.4 | -11.9% |
| Total | 2,470 | 2,929 | 2,727 | 3,149 | 8.4% |
Top Suppliers of Broken Rice to Hong Kong SAR in 2022:
- Pakistan (3.9K tons)
- Myanmar (3.2K tons)
- Thailand (0.3K tons)
- Vietnam (0.1K tons)
Broken Rice Exports in Hong Kong SAR
In 2022, approx. 1.1K tons of broken rice were exported from Hong Kong SAR; with an increase of 13% against 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 402%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, broken rice exports soared to $639K in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 344%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Broken Rice in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 115 | 511 | 498 | 639 | 77.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 115 | 511 | 498 | 639 | 77.1% |
Top Export Markets for Broken Rice from Hong Kong SAR in 2022:
- Macao SAR (1.1K tons)
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