What is the price of margarine per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong margarine is between US$ 4.91 and US$ 9.82 per kilogram or between US$ 2.23 and US$ 4.45 per pound(lb). Click here to see today's exact prices of margarine in Hong Kong
The retail price range in Hong Kong Dollar for margarine is between HKD 38.38 and HKD 76.75 per kilogram or between HKD 17.40 and HKD 34.81 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong margarine is between US$ 3.44 and US$ 6.87 per kilogram or between US$ 1.56 and US$ 3.12 per pound(lb).
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Hong Kong Margarine Export Prices - Historical, Trends and Prediction
The export price of Margarine from Hong Kong has seen a steady increase over the past five years. In 2018, the export 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 export price per kilogram of Margarine from Hong Kong was $3.05 in 2022. Looking at the trend, it is likely that the export price of Margarine from Hong Kong will continue to increase in the coming years. Based on the data, it is predicted that the export price per kilogram of Margarine from Hong Kong will be $3.20 in 2023 and $3.35 in 2024.The Hong Kong margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
Hong Kong Margarine Import Prices - Historical, Trends and Prediction
The import price of Margarine 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 Margarine into Hong Kong was $3.05 in 2022. Overall, the import price of Margarine into Hong Kong has increased by 24.49% over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price per kilogram of Margarine into Hong Kong will be $3.20 in 2023 and $3.35 in 2024.Export values for Hong Kong margarine
The total values in export for margarine in Hong Kong were US$ 1,779, US$ 1,741, US$ 1,912 and US$ 1,229 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 margarine in other countries across Asia: Kazakhstan margarine, Kyrgyzstan margarine, Tajikistan margarine, Turkmenistan margarine, Uzbekistan margarine, China margarine, Hong Kong margarine, Macao margarine, North Korea margarine & Mongolia margarine.
Hong Kong margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 727 tonnes of margarine. For the year 2019 alone, the market for Hong Kong margarine (processed category) has gone down, changing by -19.401 per cent compared to the year 2018. Between 2017 and 2019, margarine's exports went down by -6.07% bringing the nation US$1.23m for the year 2019. Hong Kong's margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
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Hong Kong margarine export values
In 2019, Hong Kong shipped margarine worth 1.23m USD, a contraction of -35.67% from 2018's total margarine export of 1.912m USD. The annual reduction in value of Hong Kong margarine between 2017 to 2018 was 9.822 per cent.
The yearly variation in the quantity of Hong Kong's margarine exports between 2017 and 2019 was -6.07 pc compared to a variation of -19.401% in the period between 2018 and 2019.
Hong Kong's portion of the world's total margarine's exports in 2019 was less than 1%. Hong Kong is ranked number 42 in world exports of margarine.
Export markets for Hong Kong margarine ( in '000$ )
Hong Kong's leading export markets for margarine are Macao, Mozambique, China, the Philippines and Malaysia.
Import/Export Trends
Hong Kong is a net importer of margarine. The annual growth of Hong Kong margarine in value between 2015 to 2019 was 33%, per annum, while annual growth in quantity for the same period was 23%, per annum.
Hong Kong imported 6,779 tonnes of margarine in 2019.