What is the price of canola oil per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong canola oil is between US$ 4.86 and US$ 9.73 per kilogram or between US$ 2.21 and US$ 4.41 per pound(lb). Click here to see today's exact prices of canola oil in Hong Kong
The retail price range in Hong Kong Dollar for canola oil is between HKD 38.02 and HKD 76.04 per kilogram or between HKD 17.24 and HKD 34.49 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong canola oil is between US$ 3.41 and US$ 6.81 per kilogram or between US$ 1.54 and US$ 3.09 per pound(lb).
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Hong Kong Canola Oil Export Prices - Historical, Trends and Prediction
The export price of Canola Oil from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that in 2022, the export price per kilogram of Canola Oil from Hong Kong was $3.05. This represents a 24.5% increase in the price over the past five years. Based on this trend, it is likely that the export price of Canola Oil from Hong Kong will continue to increase in the coming years, with prices of $3.20 and $3.35 predicted for 2023 and 2024 respectively.The Hong Kong canola oil exports are categorised as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
Hong Kong Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $1.45, which increased to $1.60 in 2019. In 2020, the price rose to $1.75, and in 2021 it further increased to $1.90. The most recent data shows that the import price per kilogram of Canola Oil into Hong Kong was $2.05 in 2022. This represents an increase of 40% over the past five years. Looking ahead, it is likely that the import price of Canola Oil into Hong Kong will continue to increase in the coming years. It is difficult to predict the exact prices for 2023 and 2024, but it is likely that the prices will remain above $2.00 per kilogram.Export values for Hong Kong canola oil
The total values in export for canola oil in Hong Kong were US$ 2,961, US$ 3,591, US$ 3,978 and US$ 4,212 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Asia: Kazakhstan canola oil, Kyrgyzstan canola oil, Tajikistan canola oil, Turkmenistan canola oil, Uzbekistan canola oil, China canola oil, Hong Kong canola oil, Macao canola oil, North Korea canola oil & Mongolia canola oil.
Hong Kong canola oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong exported 3,961 tonnes of canola oil. In 2019 alone, the demand for Hong Kong canola oil (processed category) has decreased, recording a change of -0.57730924 % compared to the year 2018. Between 2017 and 2019, canola oil's exports grew by 11.99 percent netting the nation US$4.21m for the year 2019. Hong Kong's canola oil exports are categorised as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
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Hong Kong canola oil export values
In 2019, Hong Kong supplied canola oil worth 4.21m USD, an increase of 5.83% from 2018's total canola oil export of 3.978m USD. The yearly growth in value of Hong Kong canola oil between 2017 to 2018 was 10.777%.
The per year variation in the amount of Hong Kong's canola oil exports between 2017 and 2019 was 11.99 per cent when compared to a variation of -0.57730924% in the growth rate between 2018 and 2019.
Hong Kong's stake of the world's total canola oil's exports in 2019 was less than 1%. Hong Kong is ranked position 45 in world exports of canola oil.
Export markets for Hong Kong canola oil ( in '000$ )
Hong Kong's leading destinations for canola oil are Macao, China, US, United Kingdom (UK) and Canada.
Import/Export Trends
Hong Kong is a net importer of canola oil. The annual growth of Hong Kong canola oil in value between 2015 to 2019 was -7%, per annum, while annual growth in quantity through the same period was -5%, per annum.
Hong Kong procured 44,428 tonnes of canola oil in 2019.