Hong Kong SAR, China: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Hong Kong SAR, China

In 2021, the Hong Kong aniline derivatives market decreased by -6.8% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Aniline Derivatives Production in Hong Kong SAR, China

In value terms, aniline derivatives production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a slight increase. The pace of growth was the most pronounced in 2013 with an increase of 247% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Aniline Derivatives Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in overseas shipments of aniline derivatives and their salts, when their volume increased by 285% to X kg. Over the period under review, exports, however, recorded a dramatic decline. The growth pace was the most rapid in 2013 when exports increased by 24,147% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, aniline derivatives exports soared to $X in 2021. In general, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2018 when exports increased by 1,340%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for aniline derivatives exports from Hong Kong SAR, accounting for a 85% share of total exports. Moreover, aniline derivatives exports to the United States exceeded the volume sent to the second major destination, China (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-42.2% per year) and France (+35.8% per year).

In value terms, the United States ($X) remains the key foreign market for aniline derivatives and their salts exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +159.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-43.5% per year) and France (+19.1% per year).

Export Prices by Country

The average aniline derivatives export price stood at $X per ton in 2021, shrinking by -62.4% against the previous year. Overall, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18,567%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined sharply in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 United States (+124.0%), while the prices for the other major destinations experienced a decline.

Aniline Derivatives Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of aniline derivatives and their salts decreased by -52.3% to X tons, falling for the third year in a row after four years of growth. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 183%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, aniline derivatives imports dropped dramatically to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 214% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aniline derivatives to Hong Kong SAR, with a 84% share of total imports. Moreover, aniline derivatives imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold. India (X kg) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+62.4% per year) and India (-40.8% per year).

In value terms, China ($X) constituted the largest supplier of aniline derivatives and their salts to Hong Kong SAR, comprising 98% of total imports. The second position in the ranking was held by Canada ($X), with a 1% share of total imports. It was followed by India, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+4.4% per year) and India (-45.7% per year).

Import Prices by Country

The average aniline derivatives import price stood at $X per ton in 2021, waning by -42.6% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 70%. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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