Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $63,110 per ton, picking up by 359% against the previous year. Overall, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($99,629 per ton), while the price for Italy ($24,820 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $4,857 per ton in 2022, which is down by -1.6% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2013 when the average export price increased by 79%. The export price peaked at $7,114 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Mauritius.
From 2012 to 2022, the rate of growth in terms of prices for Mauritius amounted to -0.2% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR
In 2022, approx. 1.4 tons of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were imported into Hong Kong SAR; waning by -66% against 2021 figures. Overall, imports showed a dramatic decline. The smallest decline of -10.5% was in 2020.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $90K in 2022. Over the period under review, imports, however, saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 1.0 | 0.8 | 33.9 | 148.8% |
| Germany | 2.0 | 0.9 | 0.6 | 21.0 | 119.0% |
| United Kingdom | 0.6 | 0.3 | 0.2 | 18.7 | 214.7% |
| Italy | 0.9 | 0.6 | 0.2 | 10.0 | 123.1% |
| France | 0.2 | 0.1 | 0.1 | 6.2 | 214.1% |
| Belgium | 40.3 | 31.6 | 21.1 | N/A | -27.6% |
| Netherlands | 0.9 | 6.0 | 12.0 | N/A | 265.1% |
| Canada | 1.9 | 1.2 | 1.1 | N/A | -23.9% |
| Others | 4.2 | 8.9 | 21.2 | N/A | 124.7% |
| Total | 53.1 | 50.6 | 57.4 | 89.7 | 19.1% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Hong Kong SAR in 2022:
- Italy (401.0 kg)
- United States (340.0 kg)
- Germany (334.0 kg)
- United Kingdom (252.0 kg)
- France (94.0 kg)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR
In 2022, shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds was finally on the rise to reach 238 kg after two years of decline. Overall, exports, however, saw a noticeable decrease.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds rose to $1.2K in 2022. Over the period under review, exports, however, showed a pronounced downturn.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 1.1 | 1.2 | 1.1 | 1.2 | 2.9% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.2 | 1.1 | 1.2 | 0.0% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Hong Kong SAR in 2022:
- Mauritius (238.0 kg)
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