Hong Kong SAR, China: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Hong Kong SAR, China

In 2021, the Hong Kong cyclohexanone and methylcyclohexanones market increased by 15% to $X, rising for the second year in a row after four years of decline. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.5% against 2019 indices. Cyclohexanone and methylcyclohexanones consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Production in Hong Kong SAR, China

In value terms, cyclohexanone and methylcyclohexanones production rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39% against the previous year. Cyclohexanone and methylcyclohexanones production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of cyclohexanone and methylcyclohexanones decreased by -39.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 105%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports declined significantly to $X in 2021. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 77%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Brazil (X tons) and Vietnam (X tons) were the main destinations of cyclohexanone and methylcyclohexanones exports from Hong Kong SAR, together comprising 48% of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +31.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and Brazil ($X) were the largest markets for cyclohexanone and methylcyclohexanones exported from Hong Kong SAR worldwide, together accounting for 54% of total exports.

Australia, with a CAGR of +28.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, rising by 18% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 an increase of 63% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to China ($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 Nigeria (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Hong Kong SAR, China

Cyclohexanone and methylcyclohexanones imports into Hong Kong SAR surged to X tons in 2021, with an increase of 19% compared with the previous year. Over the period under review, imports posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of 115%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, cyclohexanone and methylcyclohexanones imports reached $X in 2021. In general, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 138%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) was the main cyclohexanone and methylcyclohexanones supplier to Hong Kong SAR, accounting for a 93% share of total imports. Moreover, cyclohexanone and methylcyclohexanones imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +6.6%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +1.0%.

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, reducing by -5.2% against the previous year. In general, the import price saw a noticeable reduction. The growth pace was the most rapid in 2017 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%).

Source: IndexBox Platform

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