Hong Kong SAR, China - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Soybean Oil Price in Hong Kong SAR - 2023
Contents:
- Crude Soybean Oil Price in Hong Kong SAR (CIF) - 2022
- Crude Soybean Oil Price in Hong Kong SAR (FOB) - 2022
- Crude Soybean Oil Imports in Hong Kong SAR
- Crude Soybean Oil Exports in Hong Kong SAR
Crude Soybean Oil Price in Hong Kong SAR (CIF) - 2022
The average crude soybean oil import price stood at $1,724 per ton in 2022, increasing by 36% against the previous year. Over the period under review, the import price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,810 per ton), while the price for China stood at $1,693 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Soybean Oil Price in Hong Kong SAR (FOB) - 2022
The average crude soybean oil export price stood at $1,242 per ton in 2022, shrinking by -5.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 78% against the previous year. As a result, the export price attained the peak level of $2,043 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.8% per year.
Crude Soybean Oil Imports in Hong Kong SAR
Crude soybean oil imports into Hong Kong SAR soared to 8.2K tons in 2022, growing by 32% against 2021. In general, imports, however, faced a abrupt decline.
In value terms, crude soybean oil imports skyrocketed to $14M in 2022. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crude Soybean Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 0.3 | 0.6 | 10.4 | 60.8% |
| United States | 0.1 | 0.1 | 0.2 | 3.6 | 230.2% |
| Russia | 0.3 | N/A | N/A | N/A | 0% |
| Argentina | 3.7 | 2.2 | 4.5 | N/A | 10.3% |
| Germany | 0.2 | 0.2 | 0.8 | N/A | 100.0% |
| Egypt | N/A | 1.3 | N/A | N/A | 0% |
| Brazil | 1.7 | 0.5 | 0.7 | N/A | -35.8% |
| Others | 0.3 | 0.3 | 1.1 | 0.1 | -30.7% |
| Total | 8.7 | 4.9 | 7.9 | 14.1 | 17.5% |
Top Suppliers of Crude Soybean Oil to Hong Kong SAR in 2022:
- China (6.2K tons)
- United States (2.0K tons)
Crude Soybean Oil Exports in Hong Kong SAR
In 2022, approx. 22 tons of crude soybean oil were exported from Hong Kong SAR; picking up by 18% against the previous year's figure. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of 25 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, crude soybean oil exports rose rapidly to $27K in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $30K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Crude Soybean Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.1 | 29.3 | 23.9 | 27.0 | 8.6% |
| Others | 0.1 | 0.5 | 0.4 | 0.1 | 0.0% |
| Total | 21.2 | 29.8 | 24.3 | 27.0 | 8.4% |
Top Export Markets for Crude Soybean Oil from Hong Kong SAR in 2022:
- China (21.7 tons)
This report provides an in-depth analysis of the crude soybean 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 237 - Oil of Soybeans
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude soybean oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the soybean oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the refined soybean oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global crude soybean oil market.
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Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global refined soybean oil market.
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This report provides an in-depth analysis of the crude soybean oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the soybean oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the refined soybean oil market in Hong Kong SAR, China.
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In March 2023, the soybean oil price stood at $1,374 per ton (CIF, Hong Kong), waning by -2% against the previous month.
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Explore the top import markets for crude soybean oil in 2023, including key statistics and import values. Learn about the leading countries driving the global soybean oil market.
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Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t
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In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.
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The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.
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In March 2023, the soybean oil price stood at $1,374 per ton (CIF, Hong Kong), waning by -2% against the previous month.
