Hong Kong SAR, China: Dolomite Market 2024

Dolomite Market Size in Hong Kong SAR, China

The Hong Kong dolomite market declined to $X in 2021, shrinking by -5.4% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Dolomite Production in Hong Kong SAR, China

In value terms, dolomite production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 19%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Dolomite Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in overseas shipments of chalk and dolomite, when their volume increased by 601% to X tons. In general, exports, however, faced a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dolomite exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 131% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), India (X tons) and Zambia (X tons) were the main destinations of dolomite exports from Hong Kong SAR, together comprising 94% 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 India (with a CAGR of +52.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for chalk and dolomite exports from Hong Kong SAR, comprising 57% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Zambia, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.6% per year) and Zambia (-10.4% per year).

Export Prices by Country

In 2021, the average dolomite export price amounted to $X per ton, dropping by -74.2% against the previous year. Overall, the export price recorded a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 100%. The export price peaked at $X per ton in 2020, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 the Philippines (+92.7%), while the prices for the other major destinations experienced mixed trend patterns.

Dolomite Imports

Imports into Hong Kong SAR, China

Dolomite imports into Hong Kong SAR declined significantly to X tons in 2021, waning by -49.6% on the previous year. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 18,512% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, dolomite imports contracted dramatically to $X in 2021. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 9,666%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest dolomite supplier to Hong Kong SAR, with a 47% share of total imports. Moreover, dolomite imports from Australia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +62.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-47.5% per year) and Turkey (-40.5% per year).

In value terms, Australia ($X), the UK ($X) and Thailand ($X) constituted the largest dolomite suppliers to Hong Kong SAR, together comprising 61% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +136.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, picking up by 36% against the previous year. Over the period under review, the import price recorded a perceptible expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 617%. The import price peaked in 2021 and is likely to continue 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 UK ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+69.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :