What is the price of peanut (groundnut) oil per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong peanut (groundnut) oil is between US$ 1.87 and US$ 1.99 per kilogram or between US$ 0.85 and US$ 0.90 per pound(lb). Click here to see today's exact prices of peanut (groundnut) oil in Hong Kong
The retail price range in Hong Kong Dollar for peanut (groundnut) oil is between HKD 14.58 and HKD 15.57 per kilogram or between HKD 6.61 and HKD 7.06 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong peanut (groundnut) oil is between US$ 1.31 and US$ 1.39 per kilogram or between US$ 0.59 and US$ 0.63 per pound(lb).
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Hong Kong Peanut (groundnut) Oil Export Prices - Historical, Trends and Prediction
The export price of Peanut (Groundnut) Oil 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 in 2022 was $3.05. Overall, the export price of Peanut (Groundnut) Oil from Hong Kong has seen a steady increase of $0.15 per kilogram each year over the past five years. Based on this trend, it is likely that the export price per kilogram in 2023 will be $3.20 and in 2024 it will be $3.35.The peanut (groundnut) oil exports from Hong Kong are categorised as:
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
- Crude groundnut oil (HS code 150810)
Hong Kong Peanut (groundnut) Oil Import Prices - Historical, Trends and Prediction
The import price of Peanut (Groundnut) 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 Peanut (Groundnut) Oil into Hong Kong was $2.05 in 2022. This represents an increase of 40% from 2018 to 2022. Looking ahead, it is likely that the import price of Peanut (Groundnut) Oil into Hong Kong will continue to increase in the coming years. Based on the current trend, it is estimated that the import price per kilogram of Peanut (Groundnut) Oil into Hong Kong will be around $2.20 in 2023 and $2.35 in 2024.Export values for Hong Kong peanut (groundnut) oil
The total values in export for peanut (groundnut) oil in Hong Kong were US$ 4,906, US$ 5,909, US$ 5,308 and US$ 6,525 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 peanut (groundnut) oil in other countries across Asia: Kazakhstan peanut (groundnut) oil, Kyrgyzstan peanut (groundnut) oil, Tajikistan peanut (groundnut) oil, Turkmenistan peanut (groundnut) oil, Uzbekistan peanut (groundnut) oil, China peanut (groundnut) oil, Hong Kong peanut (groundnut) oil, Macao peanut (groundnut) oil, North Korea peanut (groundnut) oil & Mongolia peanut (groundnut) oil.
Hong Kong peanut (groundnut) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 2,755 tonnes of peanut (groundnut) oil. For 2019 alone, the market for Hong Kong peanut (groundnut) oil (processed category) has improved, with a change of 42.894 per cent compared to the year 2018. Between 2017 and 2019, peanut (groundnut) oil's exports went up by 29.1 percent earning the country US$6.52m for the year 2019. Hong Kong's peanut (groundnut) oil exports are classified as:
- Crude groundnut oil (HS code 150810)
- Groundnut oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150890)
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Hong Kong peanut (groundnut) oil export values
In 2019, Hong Kong shipped peanut (groundnut) oil with a value of 6.52m USD, an improvement of 22.83% from 2018's total peanut (groundnut) oil export of 5.308m USD. The annual growth in value of Hong Kong peanut (groundnut) oil between 2017 to 2018 was -10.171 pc.
The annual/yearly variation in the quantity of Hong Kong's peanut (groundnut) oil exports between 2017 and 2019 was 29.1 percent in comparison to a variation of 42.894% in the period between 2018 and 2019.
Export markets for Hong Kong peanut (groundnut) oil ( in '000$ )
Hong Kong's leading export markets for peanut (groundnut) oil are China, Macao, Singapore, US and Canada.
Hong Kong purchased 12,512 tonnes of peanut (groundnut) oil in 2019.