Hong Kong SAR, China - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Hong Kong SAR - 2023
Contents:
- Refined Olive Oil Price in Hong Kong SAR (CIF) - 2023
- Refined Olive Oil Price in Hong Kong SAR (FOB) - 2022
- Refined Olive Oil Imports in Hong Kong SAR
- Refined Olive Oil Exports in Hong Kong SAR
Refined Olive Oil Price in Hong Kong SAR (CIF) - 2023
The average refined olive oil import price stood at $6,411 per ton in September 2023, surging by 8.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.9%. The most prominent rate of growth was recorded in August 2023 an increase of 24% against the previous month. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($8,805 per ton), while the price for Italy ($5,678 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Olive Oil Price in Hong Kong SAR (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $5,012 per ton, surging by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17%. Over the period under review, the average export prices reached the maximum at $5,139 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($4,779 per ton), while the average price for exports to Macao SAR amounted to $4,745 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.5%).
Refined Olive Oil Imports in Hong Kong SAR
In 2022, approx. 2.5K tons of refined olive oil were imported into Hong Kong SAR; with an increase of 26% on the previous year's figure. The total import volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 34%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, refined olive oil imports surged to $9.9M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Refined Olive Oil in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.2 | 6.6 | 5.6 | 7.0 | 18.6% |
| Spain | 1.1 | 1.6 | 1.6 | 2.4 | 29.7% |
| Others | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
| Total | 6.0 | 8.6 | 7.5 | 9.9 | 18.2% |
Top Suppliers of Refined Olive Oil to Hong Kong SAR in 2022:
- Italy (1865.7 tons)
- Spain (571.0 tons)
Refined Olive Oil Exports in Hong Kong SAR
After two years of decline, shipments abroad of refined olive oil increased by 23% to 227 tons in 2022. Over the period under review, exports, however, recorded a abrupt downturn.
In value terms, refined olive oil exports surged to $1.1M in 2022. Overall, exports, however, saw a abrupt curtailment.
| Export of Refined Olive Oil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,440 | 1,253 | 781 | 1,036 | -10.4% |
| China | 65.0 | 2.5 | 11.2 | 30.4 | -22.4% |
| Others | 25.9 | 7.1 | 51.1 | 73.4 | 41.5% |
| Total | 1,531 | 1,263 | 843 | 1,139 | -9.4% |
Top Export Markets for Refined Olive Oil from Hong Kong SAR in 2022:
- Macao SAR (218.2 tons)
- China (6.4 tons)
This report provides an in-depth analysis of the refined olive 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:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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 refined olive oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global olive oil market.
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This report provides an in-depth analysis of the refined olive oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the virgin olive oil market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the olive oil market in Hong Kong SAR, China.
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In October 2023, the growth rate was notably rapid with a 114% increase in imports compared to the previous month. The value of refined olive oil imports decreased significantly to $795K in November 2023.
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In March 2023, the growth rate was the highest, with a month-to-month increase of 53%. The value of imported refined olive oil decreased significantly to $529K in September 2023.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
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The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
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In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
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Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
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Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
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The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
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In October 2023, the growth rate was notably rapid with a 114% increase in imports compared to the previous month. The value of refined olive oil imports decreased significantly to $795K in November 2023.
