Hong Kong SAR, China: Bismuth Market 2022

Bismuth Market Size in Hong Kong SAR, China

The Hong Kong bismuth market contracted sharply to $X in 2021, with a decrease of -17.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Bismuth Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of bismuth increased by 6.8% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a mild increase. The most prominent rate of growth was recorded in 2014 when exports increased by 746%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, bismuth exports amounted to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 917%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and China (X tons) were the main destinations of bismuth exports from Hong Kong SAR, together accounting for 93% of total exports. Japan, Brazil and Canada lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +35.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and China ($X) appeared to be the largest markets for bismuth exported from Hong Kong SAR worldwide, together comprising 94% of total exports. These countries were followed by Japan, Brazil and Canada, which together accounted for a further 6.2%.

Canada, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bismuth export price stood at $X per ton in 2021, with a decrease of -5.5% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 20%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Canada (+4.6%), while the prices for the other major destinations experienced a decline.

Bismuth Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of bismuth decreased by -11.1% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 121% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then declined in the following year.

In value terms, bismuth imports shrank sharply to $X in 2021. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 145%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest bismuth supplier to Hong Kong SAR, with a 81% share of total imports. Moreover, bismuth imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+597.6% per year) and South Korea (-67.8% per year).

In value terms, China ($X) constituted the largest supplier of bismuth to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+299.1% per year) and South Korea (-52.5% per year).

Import Prices by Country

In 2021, the average bismuth import price amounted to $X per ton, with a decrease of -13.2% against the previous year. In general, the import price faced a abrupt setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+47.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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