Hong Kong SAR, China: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Hong Kong SAR, China

In 2022, the Hong Kong market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 53% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Hong Kong SAR, China

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X in 2022 estimated in export price. Over the period under review, production faced a precipitous curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 684,658,000% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Hong Kong SAR, China

Exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Hong Kong SAR declined notably to X tons in 2022, reducing by -56.6% against 2021. Over the period under review, exports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 51%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid dropped remarkably to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 77%. 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 exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Hong Kong SAR, accounting for a 96% share of total exports. Moreover, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid 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 -19.4%.

In value terms, China ($X) remains the key foreign market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports from Hong Kong SAR, comprising 94% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -16.9%.

Export Prices by Country

The average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, rising by 43% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by +61.2% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Hong Kong SAR, China

In 2022, after two years of decline, there was significant growth in supplies from abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid, when their volume increased by 9.2% to X tons. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decrease. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Hong Kong SAR, with a 78% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.0% per year) and the United States (-17.6% per year).

In value terms, Germany ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the United States, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.4% per year) and the United States (-16.1% per year).

Import Prices by Country

In 2022, the average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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