Price for Cereals; Maize (Corn), Seed in Hong Kong SAR - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Hong Kong SAR (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Hong Kong SAR (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Hong Kong SAR
- Exports of Cereals; Maize (Corn), Seed in Hong Kong SAR
Price for Cereals; Maize (Corn), Seed in Hong Kong SAR (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $10,867 per ton, declining by -21.7% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2021 an increase of 35%. As a result, import price attained the peak level of $13,879 per ton, and then reduced rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($149,860 per ton), while the price for Pakistan ($1,026 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.5%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Seed in Hong Kong SAR (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $989 per ton, leveling off at the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 38% against the previous year. The export price peaked at $1,376 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($1,477 per ton), while the average price for exports to China totaled $955 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+12.5%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Hong Kong SAR
In 2022, cereals; maize (corn), seed imports into Hong Kong SAR surged to 165 tons, jumping by 170% on 2021. Over the period under review, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed imports surged to $1.8M in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 253%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 35.0 | 46.4 | 335 | 695 | 170.8% |
| Myanmar | 221 | 34.5 | 76.5 | 207 | -2.2% |
| United States | 73.2 | 27.5 | 29.8 | 87.0 | 5.9% |
| China | 83.9 | 16.4 | 32.9 | 84.5 | 0.2% |
| Australia | 19.9 | 1.3 | 38.4 | 79.6 | 58.7% |
| Pakistan | 7.8 | 4.4 | 6.2 | 12.9 | 18.3% |
| Others | 570 | 109 | 327 | 622 | 3.0% |
| Total | 1,011 | 240 | 845 | 1,789 | 21.0% |
Top Suppliers of Cereals; Maize (Corn), Seed to Hong Kong SAR in 2022:
- Myanmar (128.9 tons)
- Pakistan (12.6 tons)
- United States (7.7 tons)
- Australia (5.4 tons)
- Chile (4.6 tons)
- China (0.7 tons)
Exports of Cereals; Maize (Corn), Seed in Hong Kong SAR
In 2022, overseas shipments of cereals; maize (corn), seeds decreased by -0.2% to 9.4 tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 108%. As a result, the exports attained the peak of 9.8 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed exports reduced to $9.3K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95% against the previous year.
| Export of Cereals; Maize (Corn), Seed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 6.3 | 8.3 | 8.4 | 27.0% |
| Macao SAR | 0.7 | 0.9 | 1.0 | 0.9 | 8.7% |
| Malaysia | N/A | 2.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.8 | 9.3 | 9.4 | 9.3 | 24.7% |
Top Export Markets for Cereals; Maize (Corn), Seed from Hong Kong SAR in 2022:
- China (8.8 tons)
- Macao SAR (0.6 tons)
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