Starches; Inulin Price in Hong Kong SAR - 2023
Contents:
- Starches; Inulin Price in Hong Kong SAR (CIF) - 2023
- Starches; Inulin Price in Hong Kong SAR (FOB) - 2023
- Starches; Inulin Imports in Hong Kong SAR
- Starches; Inulin Exports in Hong Kong SAR
Starches; Inulin Price in Hong Kong SAR (CIF) - 2023
The average starches; inulin import price stood at $882 per ton in September 2023, declining by -4% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 14% month-to-month. Over the period under review, average import prices hit record highs at $1,041 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,231 per ton), while the price for India ($441 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 Denmark (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Hong Kong SAR (FOB) - 2023
The average starches; inulin export price stood at $1,582 per ton in September 2023, picking up by 7.5% against the previous month. Overall, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in November 2022 an increase of 22% m-o-m. The export price peaked at $2,025 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the UK ($2,732 per ton), while the average price for exports to Indonesia ($740 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Hong Kong SAR
In 2022, the amount of starches; inulins imported into Hong Kong SAR shrank markedly to 36K tons, which is down by -15.1% compared with 2021. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 17%.
In value terms, starches; inulin imports reduced slightly to $30M in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
| Import of Starches; Inulin in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 13.3 | 9.2 | 12.5 | 8.9 | -12.5% |
| China | 5.4 | 4.3 | 4.7 | 7.0 | 9.0% |
| Thailand | 2.7 | 2.5 | 2.8 | 2.8 | 1.2% |
| Germany | 3.0 | 2.3 | 2.2 | 1.8 | -15.7% |
| Denmark | 0.7 | 1.0 | 1.1 | 1.4 | 26.0% |
| South Korea | 0.7 | 0.5 | 0.7 | 1.1 | 16.3% |
| Belgium | 1.2 | 0.8 | 1.1 | 1.0 | -5.9% |
| Poland | 3.3 | 1.4 | 1.4 | 0.9 | -35.2% |
| Australia | 1.0 | 0.6 | 0.6 | 0.8 | -7.2% |
| South Africa | 0.5 | 0.4 | 0.4 | 0.7 | 11.9% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Taiwan (Chinese) | 0.9 | 0.7 | 0.7 | 0.6 | -12.6% |
| Turkey | 0.6 | 0.7 | 1.2 | 0.5 | -5.9% |
| Others | 2.9 | 2.6 | 1.9 | 1.8 | -14.7% |
| Total | 36.2 | 27.1 | 31.5 | 29.9 | -6.2% |
Top Suppliers of Starches; Inulin to Hong Kong SAR in 2022:
- Netherlands (8.1K tons)
- China (7.9K tons)
- Thailand (5.1K tons)
- Germany (2.0K tons)
- Denmark (1.8K tons)
- South Korea (1.6K tons)
- Australia (1.3K tons)
- Belgium (1.3K tons)
- India (1.2K tons)
- South Africa (1.1K tons)
- Poland (1.1K tons)
- Turkey (0.9K tons)
- Taiwan (Chinese) (0.7K tons)
Starches; Inulin Exports in Hong Kong SAR
In 2022, the amount of starches; inulins exported from Hong Kong SAR dropped to 4.7K tons, waning by -11.8% compared with 2021 figures. Overall, exports continue to indicate a abrupt contraction. The smallest decline of -0.7% was in 2021.
In value terms, starches; inulin exports declined to $7.3M in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 3.6% against the previous year.
| Export of Starches; Inulin in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 2,777 | 2,080 | 2,339 | 2,078 | -9.2% |
| Australia | 1,801 | 1,625 | 1,715 | 1,688 | -2.1% |
| Netherlands | 492 | 566 | 477 | 641 | 9.2% |
| China | 1,407 | 1,225 | 856 | 571 | -26.0% |
| United States | 505 | 233 | 416 | 435 | -4.9% |
| United Kingdom | 301 | 355 | 344 | 417 | 11.5% |
| Ghana | 241 | 141 | 360 | 321 | 10.0% |
| Singapore | 137 | 147 | 122 | 195 | 12.5% |
| Malaysia | 68.9 | 19.1 | 85.1 | 192 | 40.7% |
| Canada | 279 | 119 | 123 | 162 | -16.6% |
| New Zealand | 153 | 193 | 164 | 151 | -0.4% |
| Others | 393 | 401 | 359 | 463 | 5.6% |
| Total | 8,555 | 7,105 | 7,359 | 7,314 | -5.1% |
Top Export Markets for Starches; Inulin from Hong Kong SAR in 2022:
- Macao SAR (1709.4 tons)
- Australia (693.4 tons)
- China (633.1 tons)
- Ghana (330.5 tons)
- Netherlands (282.6 tons)
- United States (209.7 tons)
- Malaysia (186.8 tons)
- United Kingdom (167.2 tons)
- Singapore (118.8 tons)
- Canada (94.0 tons)
- New Zealand (77.8 tons)
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