Hong Kong SAR, China: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Hong Kong SAR, China

After four years of growth, the Hong Kong anti-oxidising preparations market decreased by X% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Anti-oxidising preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Anti-Oxidising Preparations Production in Hong Kong SAR, China

In value terms, anti-oxidising preparations production reached $X in 2022 estimated in export price. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Anti-Oxidising Preparations Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of anti-oxidising preparations and other compounds stabilisers for rubber or plastics increased by X% to X tons for the first time since 2012, thus ending a nine-year declining trend. Overall, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations exports totaled $X in 2022. Over the period under review, exports, however, showed a abrupt setback. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for anti-oxidising preparations exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, anti-oxidising preparations exports to China exceeded the volume sent to the second major destination, the UK (X tons), sixfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

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

Export Prices by Country

In 2022, the average anti-oxidising preparations export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Nigeria ($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 China (X%), while the prices for the other major destinations experienced a decline.

Anti-Oxidising Preparations Imports

Imports into Hong Kong SAR, China

After eight years of decline, supplies from abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, anti-oxidising preparations imports stood at $X in 2022. Overall, imports, however, showed a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Japan (X tons) and China (X tons) were the main suppliers of anti-oxidising preparations imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of anti-oxidising preparations and other compounds stabilisers for rubber or plastics to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average anti-oxidising preparations import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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