Earlier Report Observations
The market volume for milled rice and broken rice in Hong Kong decreased from 307.9 thousand tons in 2018 to 258.7 thousand tons in 2023. After a minor stabilization around 300 thousand tons in 2019 and 2020, the market contracted more sharply in 2021 and again in 2023.
In value terms, the market showed a different pattern, rising to 287.6 million dollars in 2020 despite flat volume, indicating higher unit prices. Subsequently, the market value fell to 221.6 million dollars by 2023, reflecting both lower volume and changing price conditions.
By 2024, global factors began to directly influence Hong Kong's rice imports. India's export restrictions on non-basmati and broken rice, initially imposed in 2022, tightened global supply and raised world prices. Concurrently, adverse weather in the U.S. affected milling quality and export availability, further shaping import dynamics for Hong Kong as a trade-dependent market.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2023
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Hong Kong
- 5.1.1. Annual dynamics of production in Hong Kong in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Hong Kong in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Hong Kong
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, K t
- 6.1.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, M $ US
- 6.1.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, K t
- 6.2.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, M $ US
- 6.2.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, K t
- 7.1.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, M $ US
- 7.1.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, K t
- 7.2.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, M $ US
- 7.2.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production milled rice and broken rice in Hong Kong
In kind, 2017-2020, t
Top producers of milled rice and broken rice, 2017-2020
World map of production of milled rice and broken rice, 2017-2020
In 2020, Hong Kong produced 1 893 tonnes of milled rice and broken rice, showing little change from the previous year. Looking back over the period from 2017 to 2020, production decreased by 9.3%, which translates to an annualized decline of 3.2%. The most significant drop occurred in 2018, with a 6.6% decrease.
Annual dynamics of production in Hong Kong in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (6.6%) | (2.9%) | (0.0%) | (3.2%) |
In value, 2017-2020, K $ US
Hong Kong's milled rice and broken rice production value increased for the third consecutive year. In 2020, the output was valued at 2 174 thousand US dollars, marking a moderate rise of 4.1% compared to 2019. From 2017 to 2020, production grew by 18.7%, with a compound annual growth rate of 5.9%.
Annual dynamics of production in Hong Kong in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 12.1% | 1.7% | 4.1% | 5.9% |
Exports milled rice and broken rice from Hong Kong
Exports in kind, K t
Hong Kong's volume of milled rice and broken rice exports declined for the second consecutive year. In 2020, exports reached 11.8 thousand tonnes, down by 22.6% from the previous year. Between 2017 and 2020, exports decreased by 22.4%, equating to an annualized rate of 8.1%. The highest volume was recorded in 2018 at 16.9 thousand tonnes, which also saw the largest increase of 11.8%.
Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 11.8% | (10.2%) | (22.6%) | (8.1%) |
From 2017 to 2020, the structure of exports in kind was dominated by Macao, which accounted for 87.6% of total flows, alongside a large number of minor trading partners.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Hong Kong in kind, 2017-2020
Exports in value, M $ US
Milled rice and broken rice deliveries from Hong Kong declined for the second consecutive year. In 2020, exports totaled 13.5 million US dollars, reflecting a significant fall of 19.4% compared to the previous year. The highest value was recorded in 2018 at 17.8 million US dollars, which also experienced the largest increase of 34.1%.
Annual dynamics of product's exports from Hong Kong in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 34.1% | (6.0%) | (19.4%) | 0.5% |
From 2017 to 2020, the structure of exports in value terms was characterized by the predominance of Macao, which absorbed 83.4% of total flows, with many other minor partners involved.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Hong Kong in value, 2017-2020
Imports milled rice and broken rice to Hong Kong
Imports in kind, K t
Milled rice and broken rice shipments to Hong Kong from abroad declined for the third consecutive year. In 2020, imports amounted to 310.3 thousand tonnes, showing a slight decrease of 1.0% relative to the prior year. Between 2017 and 2020, imports decreased by 6.4%, equating to an annualized rate of 2.2%.
Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.6%) | (2.9%) | (1.0%) | (2.2%) |
Over the period from 2017 to 2020, the primary suppliers of milled rice and broken rice to Hong Kong in kind were Thailand (56.9% of imports), Vietnam (23.0% of imports), and China (6.2% of imports), which together accounted for 86.1% of total imports.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Hong Kong in kind, 2017-2020
Imports in value, M $ US
Imported milled rice and broken rice volumes in Hong Kong increased for the third consecutive year. In 2020, Hong Kong imported 298.9 million US dollars worth of milled rice and broken rice, representing a 1.8% improvement over the prior year. From 2017 to 2020, imports grew by 21.7%, with an annualized rate of 6.8%.
Annual dynamics of product's imports to Hong Kong in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 19.3% | 0.2% | 1.8% | 6.8% |
From 2017 to 2020, the leading sources for imports in value terms of milled rice and broken rice to Hong Kong were Thailand (63.6% of imports), Vietnam (15.9% of imports), and China (5.4% of imports), which jointly accounted for 84.9% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Hong Kong in value, 2017-2020
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