Hong Kong SAR, China: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in Hong Kong SAR, China

In 2021, the Hong Kong dicalcium phosphate market was finally on the rise to reach $X after four years of decline. In general, consumption saw a prominent expansion. Dicalcium phosphate consumption peaked in 2021 and is likely to see gradual growth in the near future.

Dicalcium Phosphate Production in Hong Kong SAR, China

In value terms, dicalcium phosphate production soared to $X in 2021 estimated in export price. Overall, production recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30%. Dicalcium phosphate production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Dicalcium Phosphate Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of calcium hydrogenorthophosphate (dicalcium phosphate) decreased by -47.1% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 396%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, dicalcium phosphate exports shrank sharply to $X in 2021. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by 355% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for dicalcium phosphate exports from Hong Kong SAR, with a 73% share of total exports. Moreover, dicalcium phosphate exports to Bangladesh exceeded the volume sent to the second major destination, the Philippines (X tons), sixfold. The third position in this ranking was held by Malaysia (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+125.2% per year) and Malaysia (+71.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for calcium hydrogenorthophosphate (dicalcium phosphate) exports from Hong Kong SAR, comprising 48% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 6% share of total exports. It was followed by Malaysia, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+36.8% per year) and Malaysia (+8.3% per year).

Export Prices by Country

The average dicalcium phosphate export price stood at $X per ton in 2021, growing by 2.7% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 170% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Australia ($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 India (+2.7%), while the prices for the other major destinations experienced a decline.

Dicalcium Phosphate Imports

Imports into Hong Kong SAR, China

After two years of growth, purchases abroad of calcium hydrogenorthophosphate (dicalcium phosphate) decreased by -6% to X tons in 2021. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 460%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, dicalcium phosphate imports skyrocketed to $X in 2021. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 531%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of dicalcium phosphate to Hong Kong SAR, with a 74% share of total imports. Moreover, dicalcium phosphate imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by Belgium (X kg), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.4% per year) and Belgium (+19.2% per year).

In value terms, Malaysia ($X), the United States ($X) and China ($X) were the largest dicalcium phosphate suppliers to Hong Kong SAR, with a combined 86% share of total imports. These countries were followed by Belgium, which accounted for a further 6.2%.

In terms of the main suppliers, Belgium, with a CAGR of +50.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average dicalcium phosphate import price stood at $X per ton in 2021, increasing by 95% against the previous year. Overall, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 229% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 United States (+68.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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