Hong Kong SAR, China: Chalk Market 2022

Chalk Market Size in Hong Kong SAR, China

In 2021, after three years of growth, there was significant decline in the Hong Kong chalk market, when its value decreased by -7.2% to $X. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.1% against 2017 indices. Chalk consumption peaked at $X in 2020, and then declined in the following year.

Chalk Production in Hong Kong SAR, China

In value terms, chalk production fell to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +44.7% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 40%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Chalk Exports

Exports from Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in overseas shipments of chalks, when their volume decreased by -21.2% to X tons. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 71% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, chalk exports fell sharply to $X in 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 108%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons), Germany (X tons) and Bangladesh (X tons) were the main destinations of chalk exports from Hong Kong SAR, together comprising 76% of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +38.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chalk exported from Hong Kong SAR were Germany ($X), Bangladesh ($X) and Zambia ($X), with a combined 73% share of total exports.

Germany, with a CAGR of +31.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chalk export price stood at $X per ton in 2021, shrinking by -20.5% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 147%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Zimbabwe (+39.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chalk Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of chalks were imported into Hong Kong SAR; declining by -43% compared with 2020 figures. Overall, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,667%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, chalk imports contracted dramatically to $X in 2021. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 1,686%. Imports peaked at $X in 2020, and then fell sharply in the following year.

Imports by Country

In 2021, Australia (X tons) was the main chalk supplier to Hong Kong SAR, with a 92% share of total imports. Moreover, chalk imports from Australia exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.8% per year) and China (-51.9% per year).

In value terms, Australia ($X), the UK ($X) and China ($X) were the largest chalk suppliers to Hong Kong SAR, together comprising 89% of total imports.

Among the main suppliers, Australia, with a CAGR of +50.1%, saw the highest growth rate of 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 chalk import price stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the import price showed a perceptible increase. The pace of growth was the most pronounced in 2014 an increase of 80% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: 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 China (+29.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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