Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR - 2023

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR (CIF) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR (FOB) - 2023
3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR
4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR (CIF) - 2022

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,458 per ton in 2022, dropping by -2.4% against the previous year. Over the period under review, the import price, however, posted measured growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $1,740 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($5,831 per ton), while the price for China ($998 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced a decline.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR (FOB) - 2023

In November 2023, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,272 per ton, approximately mirroring the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +4.5%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 31% against the previous month. The export price peaked at $2,328 per ton in August 2023; afterwards, it flattened through to November 2023.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From November 2022 to November 2023, the rate of growth in terms of prices for Macao SAR amounted to +4.5% per month.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR

Imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into Hong Kong SAR contracted markedly to 215 tons in 2022, with a decrease of -38.8% compared with the year before. Over the period under review, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 reduced sharply to $313K in 2022. In general, imports showed a sharp shrinkage. The growth pace was the most rapid in 2021 when imports increased by 54%.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Hong Kong SAR in 2022:

1. China (145.8 tons)
2. India (47.4 tons)
3. Taiwan (Chinese) (19.6 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hong Kong SAR

In 2022, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 from Hong Kong SAR fell to 85 tons, with a decrease of -9.9% compared with the previous year's figure. Over the period under review, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 249%.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 soared to $127K in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 220%.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Hong Kong SAR in 2022:

1. Macao SAR (84.2 tons)
2. Singapore (0.6 tons)

Source: IndexBox Market Intelligence Platform