Report Update Nov 1, 2024

Hong Kong SAR, China - Chromates, Dichromates and Peroxochromates - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Chromates Market 2024

Chromates Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong chromates market decreased by -65.5% to $X in 2022. Overall, consumption showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Chromates Production in Hong Kong SAR, China

In value terms, chromates production totaled $X in 2022 estimated in export price. Overall, production showed a mild contraction. The pace of growth was the most pronounced in 2020 with an increase of 32%. Chromates production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Chromates Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of chromates, dichromates and peroxochromates decreased by -48% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 113% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromates exports dropped remarkably to $X in 2022. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 84%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X kg) and China (X kg) were the main destinations of chromates exports from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +24.4%).

In value terms, Indonesia ($X) and China ($X) appeared to be the largest markets for chromates exported from Hong Kong SAR worldwide.

Among the main countries of destination, Indonesia, with a CAGR of +20.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average chromates export price amounted to $X per ton, growing by 50% against the previous year. In general, the export price saw strong growth. The growth pace was the most rapid in 2021 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.4%), while the prices for the other major destinations experienced a decline.

Chromates Imports

Imports into Hong Kong SAR, China

In 2022, imports of chromates, dichromates and peroxochromates into Hong Kong SAR dropped significantly to X tons, with a decrease of -99% on the previous year's figure. Over the period under review, imports faced a dramatic descent. The pace of growth was the most pronounced in 2013 when imports increased by 274%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, chromates imports fell markedly to $X in 2022. Overall, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main chromates supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -17.4%.

In value terms, the United States ($X) constituted the largest supplier of chromates, dichromates and peroxochromates to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -21.8%.

Import Prices by Country

In 2022, the average chromates import price amounted to $X per ton, with an increase of 72% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +4.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, Turkey and Germany, together accounting for 44% of global consumption. Kazakhstan, India, South Africa, Japan, China, Argentina, Italy, Estonia, Uruguay and Colombia lagged somewhat behind, together accounting for a further 44%.

What are the largest producers of chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, South Africa and Kazakhstan, with a combined 74% share of global production. Turkey, Argentina, Estonia and Austria lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of chromates, dichromates and peroxochromates to Hong Kong SAR, China?

In value terms, Kazakhstan constituted the largest supplier of chromates to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was occupied by China, with a 17% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of chromates, dichromates and peroxochromates from Hong Kong SAR, China?

In value terms, China remains the key foreign market for chromates exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was occupied by Malaysia, with a 22% share of total exports.

What is the average export price for chromates, dichromates and peroxochromates in Hong Kong SAR, China?

The average chromates export price stood at $1,601 per ton in 2021, reducing by -55.6% against the previous year.

What is the average import price for chromates, dichromates and peroxochromates in Hong Kong SAR, China?

The average chromates import price stood at $850 per ton in 2021, rising by 7.8% against the previous year.

This report provides an in-depth analysis of the chromates market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20135125 - Chromates and dichromates, peroxochromates

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023