Hong Kong SAR, China: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Hong Kong SAR, China

The Hong Kong market for butanols (excluding butan-1-ol (n-butyl alcohol)) was estimated at $X in 2022, surging by 7% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.3% against 2020 indices. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Hong Kong SAR, China

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 55%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Hong Kong SAR, China

In 2022, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -30.7% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports contracted to $X in 2022. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Hong Kong SAR, accounting for a 71% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by India (X kg), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.7% per year) and India (+16.3% per year).

In value terms, China ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Hong Kong SAR, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with a 10% share of total exports. It was followed by the Netherlands, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.6% per year) and the Netherlands (+1.8% per year).

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, picking up by 31% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanols (excluding butan-1-ol (n-butyl alcohol)) export price increased by +90.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the Netherlands ($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 Indonesia (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Hong Kong SAR, China

In 2022, purchases abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -20.7% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 515%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports contracted to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by 638% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the main butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +16.2%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at +20.4%.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, with an increase of 13% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 74% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +76.9% per year.

Source: IndexBox Platform

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