Hong Kong SAR, China: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Hong Kong SAR, China

The Hong Kong market for bromides and bromide oxides, iodides and iodide oxides expanded slightly to $X in 2021, growing by 3.7% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Hong Kong SAR, China

In value terms, bromides, iodides and oxids thereof production expanded modestly to $X in 2021 estimated in export price. In general, production recorded resilient growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 119%. Bromides, iodides and oxids thereof production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Hong Kong SAR, China

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides was finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a dramatic decline. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Overall, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 987% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X kg), China (X kg) and France (X kg) were the main destinations of bromides, iodides and oxids thereof exports from Hong Kong SAR, together accounting for 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for bromides, iodides and oxids thereof exported from Hong Kong SAR were Ukraine ($X), China ($X) and France ($X), with a combined 91% share of total exports.

Ukraine, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, declining by -40.7% against the previous year. Over the period under review, the export price, however, saw a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 266%. The export price peaked at $X per ton in 2020, and then shrank notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Ukraine ($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 China (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Hong Kong SAR, China

After five years of decline, overseas purchases of bromides and bromide oxides, iodides and iodide oxides increased by 48% to X kg in 2021. Overall, imports, however, continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2015 with an increase of 2,537%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 182% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X kg) constituted the largest supplier of bromides, iodides and oxids thereof to Hong Kong SAR, accounting for a 83% share of total imports. Moreover, bromides, iodides and oxids thereof imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.1% per year) and the United States (+54.4% per year).

In value terms, China ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to Hong Kong SAR, comprising 72% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.3% per year) and the United States (+55.4% per year).

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, falling by -19.6% against the previous year. In general, the import price, however, saw a significant increase. The pace of growth was the most pronounced in 2013 an increase of 2,647%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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