Hong Kong SAR, China: Cadmium Market 2024

Cadmium Market Size in Hong Kong SAR, China

The Hong Kong cadmium market contracted notably to $X in 2022, which is down by -34.9% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. Cadmium consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cadmium Production in Hong Kong SAR, China

In value terms, cadmium production amounted to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Cadmium Exports

Exports from Hong Kong SAR, China

Cadmium exports from Hong Kong SAR soared to X tons in 2022, rising by 193% compared with the year before. In general, exports showed a resilient expansion. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cadmium exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 191%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cadmium exports from Hong Kong SAR, accounting for a 85% share of total exports. Moreover, cadmium exports to China exceeded the volume sent to the second major destination, the United States (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.1% per year) and the Netherlands (+3.3% per year).

In value terms, the largest markets for cadmium exported from Hong Kong SAR were China ($X), the United States ($X) and the Netherlands ($X), with a combined 99% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +19.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cadmium export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2014 an increase of 153% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the average price for exports to China ($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 the United States (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cadmium Imports

Imports into Hong Kong SAR, China

In 2022, the amount of cadmium and articles thereof imported into Hong Kong SAR skyrocketed to X tons, jumping by 48% against 2021. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 213% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cadmium imports skyrocketed to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 440%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest cadmium supplier to Hong Kong SAR, with a 71% share of total imports. Moreover, cadmium imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +39.4%.

In value terms, the largest cadmium suppliers to Hong Kong SAR were South Korea ($X) and China ($X).

In terms of the main suppliers, South Korea, with a CAGR of +51.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average cadmium import price stood at $X per ton in 2022, falling by -3.4% against the previous year. In general, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2014 when the average import price increased by 192%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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