Hong Kong SAR, China: Borates And Perborates Market 2024

Borates And Perborates Market Size in Hong Kong SAR, China

The Hong Kong borates and perborates market was estimated at $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Borates And Perborates Production in Hong Kong SAR, China

In value terms, borates and perborates production dropped to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Borates And Perborates Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of borates, peroxoborates (perborates) were exported from Hong Kong SAR; increasing by X% on the previous year. Overall, exports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, borates and perborates exports reduced slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for borates and perborates exports from Hong Kong SAR, with a X% share of total exports. Moreover, borates and perborates exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia was relatively modest.

In value terms, Indonesia ($X) and China ($X) appeared to be the largest markets for borates and perborates exported from Hong Kong SAR worldwide.

Among the main countries of destination, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Borates And Perborates Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of borates, peroxoborates (perborates) increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, borates and perborates imports surged to $X in 2022. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of borates and perborates to Hong Kong SAR, with a X% share of total imports. Moreover, borates and perborates imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of borates, peroxoborates (perborates) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

The average borates and perborates import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, faced a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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