Hong Kong SAR, China: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Hong Kong SAR, China

In 2022, the Hong Kong compound plasticisers market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Compound Plasticisers Production in Hong Kong SAR, China

In value terms, compound plasticisers production stood at less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with a decrease of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Compound Plasticisers Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of compound plasticisers for rubber or plastics were exported from Hong Kong SAR; with a decrease of X% compared with the previous year's figure. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, compound plasticisers exports plummeted to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for compound plasticisers exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, compound plasticisers exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%.

In value terms, China ($X) remains the key foreign market for compound plasticisers for rubber or plastics exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%.

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%).

Compound Plasticisers Imports

Imports into Hong Kong SAR, China

In 2022, the amount of compound plasticisers for rubber or plastics imported into Hong Kong SAR contracted sharply to X tons, dropping by X% on the previous year's figure. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, compound plasticisers imports dropped notably to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of compound plasticisers to Hong Kong SAR, accounting for a X% share of total imports. Moreover, compound plasticisers imports from Germany exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of compound plasticisers for rubber or plastics to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with an X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average compound plasticisers import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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