Hong Kong SAR, China: Market for Calcined And Sintered Dolomite 2024

Market Size for Calcined And Sintered Dolomite in Hong Kong SAR, China

The Hong Kong calcined and sintered dolomite market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Calcined And Sintered Dolomite in Hong Kong SAR, China

In value terms, calcined and sintered dolomite production skyrocketed to $X in 2021 estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 117%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Calcined And Sintered Dolomite

Exports from Hong Kong SAR, China

In 2021, the amount of calcined and sintered dolomite exported from Hong Kong SAR declined dramatically to X tons, with a decrease of -30.5% against the year before. Over the period under review, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 315% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted markedly in the following year.

In value terms, calcined and sintered dolomite exports reduced to $X in 2021. In general, exports, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2018 when exports increased by 334%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for calcined and sintered dolomite exports from Hong Kong SAR, with a 76% share of total exports. Moreover, calcined and sintered dolomite exports to Malaysia exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +1,142.4%.

In value terms, Malaysia ($X) emerged as the key foreign market for calcined and sintered dolomite exports from Hong Kong SAR, comprising 55% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +487.4%.

Export Prices by Country

The average calcined and sintered dolomite export price stood at $X per ton in 2021, rising by 33% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 95% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-3.8%).

Imports of Calcined And Sintered Dolomite

Imports into Hong Kong SAR, China

In 2021, purchases abroad of calcined and sintered dolomite was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, calcined and sintered dolomite imports soared to $X in 2021. Over the period under review, imports continue to indicate temperate growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of calcined and sintered dolomite imports to Hong Kong SAR, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +136.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of calcined and sintered dolomite to Hong Kong SAR, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 25% share of total imports. It was followed by the United States, with a 21% share.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled +82.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.9% per year) and the United States (-0.2% per year).

Import Prices by Country

The average calcined and sintered dolomite import price stood at $X per ton in 2021, declining by -27.6% against the previous year. Overall, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 122% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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