Hong Kong SAR, China: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Hong Kong SAR, China

In 2022, the Hong Kong animal or vegetable fertilisers market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a pronounced expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Animal Or Vegetable Fertilisers

Exports from Hong Kong SAR, China

In 2022, shipments abroad of animal or vegetable fertilisers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, animal or vegetable fertilisers exports shrank modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Mozambique (X tons) was the main destination for animal or vegetable fertilisers exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Mozambique exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was held by Peru (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Peru (X% per year).

In value terms, China ($X) remains the key foreign market for animal or vegetable fertilisers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, 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: Mozambique (X% per year) and the UK (X% per year).

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Animal Or Vegetable Fertilisers

Imports into Hong Kong SAR, China

In 2022, overseas purchases of animal or vegetable fertilisers increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, animal or vegetable fertilisers imports soared to $X in 2022. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest animal or vegetable fertilisers supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, animal or vegetable fertilisers imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of animal or vegetable fertilisers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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