Market research

Corn oil and fractions market in Hong Kong

$Corn oil and fractions market in Hong Kong$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the corn oil market in Hong Kong showed considerable volatility in volume terms. After a decline to 5 627 t in 2019, consumption surged by 43% in 2020 to reach 8 049 t. This was followed by a steady contraction over the next three years, with the market volume falling to 5 189 t by 2023.

Measured in value, the market followed a different path. The market value dropped to USD 7.0 million in 2019 but then jumped to USD 11.0 million in 2020. It continued to grow, peaking at USD 12.7 million in 2022 before declining to USD 9.4 million in 2023.

The divergence between the physical volume and value trends points to significant shifts in unit prices or product mix within the market during this period, with the highest overall market value recorded in 2022 despite volumes already being in decline.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hong Kong
  1. 5.1.1. Annual dynamics of production in Hong Kong in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Hong Kong in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production corn oil and fractions in Hong Kong

In kind, 2017-2020, t

Top producers of corn oil and fractions, 2017-2020

Source: SHEV.io

World map of production of corn oil and fractions, 2017-2020

Source: SHEV.io

In 2020, Hong Kong produced 616.5 tons of corn oil and fractions, marking a robust 15.5% increase compared to the previous year. Over the 2017-2020 period, production grew by 27.2%, with an average annual growth rate of 8.4%. The highest production level was recorded in 2018 at 632.6 tons, which represented a 30.6% increase that year. In contrast, 2019 saw the largest decline of 15.6%.

Annual dynamics of production in Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.6%	(15.6%)	15.5%	8.4%

Source: SHEV.io

In value, 2017-2020, K $ US

In 2020, the value of corn oil and fractions production in Hong Kong reached 1 144 thousand US dollars, up 24.0% from 2019. Over the 2017-2020 period, production value increased by 21.4%, with an average annual growth rate of 6.7%. The lowest value was recorded in 2019 at 923 thousand US dollars, which represented a 16.6% decline that year.

Annual dynamics of production in Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.4%	(16.6%)	24.0%	6.7%

Source: SHEV.io

Exports corn oil and fractions from Hong Kong

Exports in kind, t

Hong Kong exported 790 tons of corn oil and fractions in 2020, reflecting a 14.4% reduction compared to the previous year. Between 2017 and 2020, exports decreased by 20.5%, equating to an average annual decline of 7.3%. The largest decline occurred in 2018 at 19.2%, while 2019 saw the largest increase of 15.0%.

Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.2%)	15.0%	(14.4%)	(7.3%)

Source: SHEV.io

From 2017 to 2020, Macao and China remained the primary markets for Hong Kong's corn oil and fractions exports in volume terms, jointly accounting for 94.3% of total export flows, with other partners making up the remaining share.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Hong Kong in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, the value of Hong Kong's corn oil and fractions exports stood at 1 466 thousand US dollars, showing a modest 8.0% drop compared to 2019. Between 2017 and 2020, export value decreased by 24.1%, equating to an average annual decline of 8.8%. The lowest value was recorded in 2018 at 1 404 thousand US dollars, which represented a 27.3% decline that year. In contrast, 2019 saw the largest increase of 13.6%.

Annual dynamics of product's exports from Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.3%)	13.6%	(8.0%)	(8.8%)

Source: SHEV.io

From 2017 to 2020, Macao and China were the main destinations for Hong Kong's corn oil and fractions exports in value terms, jointly taking 91.4% of total export flows, while the remaining share was distributed among other markets.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Hong Kong in value, 2017-2020

Source: SHEV.io

Imports corn oil and fractions to Hong Kong

Imports in kind, t

In 2020, Hong Kong's imports of corn oil and fractions reached 8 222 tons, up 36.7% compared to the previous year. Over the 2017-2020 period, imports increased by 31.4%, with an average annual growth rate of 9.5%. The lowest volume was recorded in 2019 at 6 016 tons, which represented a 4.7% decline that year.

Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.9%	(4.7%)	36.7%	9.5%

Source: SHEV.io

From 2017 to 2020, China (49.8% of imports in volume terms), South Korea (21.4%), and Malaysia (11.7%) were the leading sources for Hong Kong's corn oil and fractions imports, together accounting for 82.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Hong Kong in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Following a two-year contraction, Hong Kong's corn oil and fractions imports rebounded in 2020. The import value reached 11 329 thousand US dollars, a 46.9% increase compared to the previous year. Over the 2017-2020 period, import value grew by 23.5%, with an average annual growth rate of 7.3%. The lowest value was recorded in 2019 at 7 712 thousand US dollars, which represented an 11.4% decline that year.

Annual dynamics of product's imports to Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.2%)	(11.4%)	46.9%	7.3%

Source: SHEV.io

From 2017 to 2020, China (46.9% of imports in value terms), Malaysia (20.2%), and South Korea (16.2%) stood out as the main sources for Hong Kong's corn oil and fractions imports, together representing 83.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Hong Kong in value, 2017-2020

Source: SHEV.io