What is the price of palm oil per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong palm oil is between US$ 0.42 and US$ 0.44 per kilogram or between US$ 0.19 and US$ 0.20 per pound(lb). Click here to see today's exact prices of palm oil in Hong Kong
The retail price range in Hong Kong Dollar for palm oil is between HKD 3.29 and HKD 3.45 per kilogram or between HKD 1.49 and HKD 1.56 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong palm oil is between US$ 0.29 and US$ 0.31 per kilogram or between US$ 0.13 and US$ 0.14 per pound(lb).
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Hong Kong Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $1.02, which increased to $1.17 in 2019. In 2020, the price rose to $1.25, and in 2021 it further increased to $1.35. The highest price was seen in 2022, when the export price per kilogram was $1.45. Looking ahead, it is likely that the export price of Palm Oil from Hong Kong will continue to increase in the coming years, with an estimated price of $1.55 in 2023 and $1.65 in 2024.The palm oil exports from Hong Kong are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
Hong Kong Palm Oil Import Prices - Historical, Trends and Prediction
The import price of Palm Oil into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $0.45, which increased to $0.50 in 2019. In 2020, the price rose to $0.60, and in 2021 it further increased to $0.70. This year, the import price of Palm Oil into Hong Kong has reached its highest point of $0.80 per kilogram. This represents an increase of 77.78% from 2018 to 2021. Looking ahead, it is likely that the import price of Palm Oil into Hong Kong will continue to rise in the coming years. Based on the current trend, it is estimated that the import price of Palm Oil into Hong Kong will reach $0.90 per kilogram in 2023 and $1.00 per kilogram in 2024.Export values for Hong Kong palm oil
The total values in export for palm oil in Hong Kong were US$ 720, US$ 268, US$ 227 and US$ 99 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 palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
Hong Kong palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong exported 90 tonnes of palm oil. For the year 2019 alone, the interest in Hong Kong palm oil (processed category) has shrunk, with a change of -58.716 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -66.42% earning the exporter US$0.10m for the year 2019. Hong Kong's palm oil exports are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
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Hong Kong palm oil export values
In 2019, Hong Kong exported palm oil costing 0.10m USD, a reduction of -55.95% from 2018's total palm oil export of 0.227m USD. The yearly change in value of Hong Kong palm oil between 2017 to 2018 was -15.299%.
The per year change in the quantity of Hong Kong's palm oil exports between 2017 and 2019 was -66.42% compared to a variation of -58.716% in the period between 2018 and 2019.
Hong Kong's stake of the world's total palm oil's exports in 2019 was less than 1%. Hong Kong is ranked position 19 in world exports of palm oil.
Export markets for Hong Kong palm oil ( in '000$ )
Hong Kong's leading export markets for palm oil are Macao, Micronesia, China, Australia and US.
Import/Export Trends
Hong Kong is a net importer of palm oil. The annual growth of Hong Kong palm oil in value between 2015 to 2019 was 77%, per annum, while annual growth in quantity was 44%, per annum.
Hong Kong ordered 5,555 tonnes of palm oil in 2019.