Hong Kong SAR, China: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Hong Kong SAR, China

The Hong Kong chloride oxides of metal market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Hong Kong SAR, China

In value terms, chloride oxides of metal production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 49% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of chloride oxides and chloride hydroxides of copper and other metals, which decreased by -91.5% to X tons in 2021. In general, exports faced a sharp contraction. The pace of growth appeared the most rapid in 2018 with an increase of 287%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, chloride oxides of metal exports shrank remarkably to $X in 2021. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by 216% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X kg) was the main destination for chloride oxides of metal exports from Hong Kong SAR, accounting for a 41% share of total exports. Moreover, chloride oxides of metal exports to Brunei Darussalam exceeded the volume sent to the second major destination, China (X kg), fivefold. Malaysia (X kg) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-31.4% per year) and Malaysia (-42.0% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for chloride oxides and chloride hydroxides of copper and other metals exports from Hong Kong SAR, comprising 42% of total exports. The second position in the ranking was held by China ($X), with a 7.1% share of total exports. It was followed by Indonesia, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-29.5% per year) and Indonesia (-50.1% per year).

Export Prices by Country

In 2021, the average chloride oxides of metal export price amounted to $X per ton, with a decrease of -2.3% against the previous year. Overall, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2013 an increase of 417%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Hong Kong SAR, China

In 2021, purchases abroad of chloride oxides and chloride hydroxides of copper and other metals decreased by -14.4% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 116% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, chloride oxides of metal imports amounted to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 85%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main chloride oxides of metal supplier to Hong Kong SAR, with a 91% share of total imports. Moreover, chloride oxides of metal imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. The third position in this ranking was taken by Italy (X kg), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.0% per year) and Italy (-20.4% per year).

In value terms, China ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to Hong Kong SAR, comprising 82% of total imports. The second position in the ranking was held by Germany ($X), with a 2.7% share of total imports. It was followed by Taiwan (Chinese), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.2% per year) and Taiwan (Chinese) (-33.1% per year).

Import Prices by Country

In 2021, the average chloride oxides of metal import price amounted to $X per ton, picking up by 31% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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