Hong Kong SAR, China: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Hong Kong SAR, China

In 2021, the Hong Kong amine-function compounds market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Production in Hong Kong SAR, China

In value terms, amine-function compounds production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Amine-Function Compounds Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of amine-function compounds decreased by -63.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 393%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, amine-function compounds exports dropped dramatically to $X in 2021. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 225% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main destinations of amine-function compounds exports from Hong Kong SAR, with a combined 58% share of total exports. India, Australia, Singapore and the UK lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amine-function compounds exported from Hong Kong SAR were China ($X), the Netherlands ($X) and Malaysia ($X), with a combined 61% share of total exports. India, Australia, Singapore and the UK lagged somewhat behind, together accounting for a further 8.2%.

Singapore, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, jumping by 62% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,606% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Hong Kong SAR, China

In 2021, imports of amine-function compounds into Hong Kong SAR fell to X tons, reducing by -13.4% on the previous year's figure. Over the period under review, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 111% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, amine-function compounds imports declined to $X in 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 60%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of amine-function compounds imports to Hong Kong SAR, together accounting for 52% of total imports. India, the Netherlands, South Korea and Indonesia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +49.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest amine-function compounds suppliers to Hong Kong SAR were India ($X), China ($X) and Japan ($X), together accounting for 68% of total imports.

Japan, with a CAGR of +4.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, surging by 10% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2019 an increase of 380%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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