Hong Kong SAR, China: Alkali Metals Market 2024

Alkali Metals Market Size in Hong Kong SAR, China

The Hong Kong alkali metals market contracted slightly to $X in 2021, which is down by -2% against the previous year. In general, consumption saw a relatively flat trend pattern. Alkali metals consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Alkali Metals Production in Hong Kong SAR, China

In value terms, alkali metals production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Alkali Metals Exports

Exports from Hong Kong SAR, China

In 2021, the amount of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exported from Hong Kong SAR shrank to X tons, reducing by -14.5% against the previous year. Over the period under review, exports faced a sharp decline. The pace of growth appeared the most rapid in 2014 when exports increased by 102%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, alkali metals exports surged to $X in 2021. In general, exports saw a dramatic contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for alkali metals exports from Hong Kong SAR, with a 90% share of total exports. Moreover, alkali metals exports to China exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from Hong Kong SAR, comprising 91% of total exports. The second position in the ranking was taken by South Africa ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +1.7%.

Export Prices by Country

In 2021, the average alkali metals export price amounted to $X per ton, jumping by 57% against the previous year. Over the period under review, the export price posted a measured increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 397% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+12.3%), while the prices for the other major destinations experienced mixed trend patterns.

Alkali Metals Imports

Imports into Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, which decreased by -6.1% to X tons in 2021. Overall, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2018 with an increase of 867%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, alkali metals imports declined to $X in 2021. Over the period under review, imports showed a dramatic setback. The pace of growth was the most pronounced in 2018 when imports increased by 795% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest alkali metals supplier to Hong Kong SAR, accounting for a 53% share of total imports. Moreover, alkali metals imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.2% per year) and Japan (-27.8% per year).

In value terms, the United States ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to Hong Kong SAR, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.3% per year) and Japan (-27.0% per year).

Import Prices by Country

In 2021, the average alkali metals import price amounted to $X per ton, picking up by 3.2% against the previous year. In general, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 56%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+80.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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