Hong Kong SAR, China: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong acyclic hydrocarbons market decreased by -X% to $X in 2020. Overall, consumption saw a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Exports

Exports from Hong Kong SAR, China

In 2020, approx. X tons of acyclic hydrocarbons were exported from Hong Kong SAR; waning by -X% on the previous year's figure. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, acyclic hydrocarbons exports reduced markedly to $X in 2020. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2016 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for acyclic hydrocarbons exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, acyclic hydrocarbons exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Australia (-X% per year).

In value terms, China ($X) remains the key foreign market for acyclic hydrocarbons exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the country with the highest price was Australia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Hong Kong SAR, China

In 2020, the amount of acyclic hydrocarbons imported into Hong Kong SAR reduced rapidly to X tons, waning by -X% compared with the previous year. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports reduced markedly to $X in 2020. Overall, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest acyclic hydrocarbons supplier to Hong Kong SAR, with a X% share of total imports. Moreover, acyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (-X% per year).

In value terms, China ($X) constituted the largest supplier of acyclic hydrocarbons to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (+X% per year).

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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