Hong Kong SAR, China: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Hong Kong SAR, China

In 2021, the Hong Kong market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 decreased by -13.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Hong Kong SAR, China

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 decreased by -18.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 53%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports from Hong Kong SAR, China

Exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from Hong Kong SAR declined significantly to X tons in 2021, shrinking by -64.2% on the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 260%. Over the period under review, the exports of reached the peak figure at X tons in 2020, and then shrank dramatically in the following year.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals shrank notably to $X in 2021. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 247%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) were the main destinations of exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from Hong Kong SAR, with a combined 92% share 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 Taiwan (Chinese) (with a CAGR of +12.9%), while the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+26.7% per year) and South Korea (+27.0% per year).

Export Prices by Country

The average export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 52%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 South Korea (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports into Hong Kong SAR, China

In 2021, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals into Hong Kong SAR contracted dramatically to X tons, which is down by -58.1% against the previous year. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2014 with an increase of 414% against the previous year. Imports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals declined significantly to $X in 2021. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 248%. Over the period under review, imports of hit record highs at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

China (X tons), Israel (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to Hong Kong SAR, with a combined 86% 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 Taiwan (Chinese) (with a CAGR of +64.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constituted the largest supplier of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to Hong Kong SAR, comprising 43% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Israel totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+80.5% per year) and China (+5.5% per year).

Import Prices by Country

The average import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the import price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2016 an increase of 54%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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