Hong Kong SAR, China: Alcohols Market 2021

Alcohols Market Size in Hong Kong SAR, China

The Hong Kong alcohols market dropped to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Alcohols Exports

Exports from Hong Kong SAR, China

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Hong Kong SAR fell rapidly to X tons, declining by -X% compared with the previous year. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, alcohols exports dropped notably to $X in 2020. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for alcohols exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Japan (+X% per year).

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

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

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, rising by X% against the previous year. Overall, export price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Bangladesh ($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 Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which decreased by -X% to X tons in 2020. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports declined sharply to $X in 2020. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest alcohols supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, alcohols imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was occupied by Taiwan (Chinese) (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, reducing by -X% against the previous year. Overall, import price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :