What is the price of coconut oil per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong coconut oil is between US$ 12.68 and US$ 18.48 per kilogram or between US$ 5.75 and US$ 8.38 per pound(lb). Click here to see today's exact prices of coconut oil in Hong Kong
The retail price range in Hong Kong Dollar for coconut oil is between HKD 99.09 and HKD 144.42 per kilogram or between HKD 44.94 and HKD 65.49 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong coconut oil is between US$ 8.87 and US$ 12.93 per kilogram or between US$ 4.02 and US$ 5.87 per pound(lb).
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Hong Kong Coconut Oil Export Prices - Historical, Trends and Prediction
The export price of Coconut oil from Hong Kong has seen a steady increase over the past five years. In 2018, the export 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 export price per kilogram of Coconut oil from Hong Kong in 2022 was $2.05. This represents a steady increase of 4.14% from 2018 to 2022. It is difficult to predict the prices for 2023 and 2024, however, it is likely that the export price per kilogram of Coconut oil from Hong Kong will continue to increase.The coconut oil exports from Hong Kong are categorised as:
- Crude coconut oil (HS code 151311)
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
Hong Kong Coconut Oil Import Prices - Historical, Trends and Prediction
The import price of Coconut oil into Hong Kong has seen a steady increase over the past five years. In 2018, the import 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 the import price per kilogram of Coconut oil into Hong Kong was $3.05 in 2022. Overall, the import price of Coconut oil into Hong Kong has increased by 24.5% over the past five years. This trend is likely to continue in the coming years, with the price expected to reach $3.20 in 2023 and $3.35 in 2024.Export values for Hong Kong coconut oil
The total values in export for coconut oil in Hong Kong were US$ 85, US$ 333, US$ 204 and US$ 137 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 coconut oil in other countries across Asia: Kazakhstan coconut oil, Kyrgyzstan coconut oil, Tajikistan coconut oil, Turkmenistan coconut oil, Uzbekistan coconut oil, China coconut oil, Hong Kong coconut oil, Macao coconut oil, North Korea coconut oil & Mongolia coconut oil.
Hong Kong coconut oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 27 tonnes of coconut oil. Through 2019 alone, the market for Hong Kong coconut oil (processed category) has shrunk, with a change of -12.903 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports reduced by -43.75 pc earning the exporter US$0.14m for the year 2019. Hong Kong's coconut oil exports are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Hong Kong coconut oil export values
In 2019, Hong Kong shipped coconut oil costing 0.14m USD, a decrease of -31.37% from 2018's total coconut oil export of 0.204m USD. The annual change in value of Hong Kong coconut oil between 2017 to 2018 was -38.739%.
The yearly variation in the quantity of Hong Kong's coconut oil exports between 2017 and 2019 was -43.75 per cent in comparison to a variation of -12.903% in the period between 2018 and 2019.
Hong Kong's share of the world's total coconut oil's exports in 2019 was 5.4 per cent. The country is ranked position 5 in world exports of coconut oil.
Export markets for Hong Kong coconut oil ( in '000$ )
Hong Kong's leading destinations for coconut oil are Macao, China, United Kingdom (UK), Australia and US.
Import/Export Trends
Hong Kong is a net exporter of coconut oil. The annual growth of Hong Kong coconut oil in value between 2015 to 2019 was 18%, per year, while annual growth in quantity through the same period was 13%, per annum.
Hong Kong imported 677 tonnes of coconut oil in 2019.