Hong Kong SAR, China: Dichloromethane Market 2024

Dichloromethane Market Size in Hong Kong SAR, China

The Hong Kong dichloromethane market fell notably to $X in 2021, declining by -18.2% against the previous year. In general, consumption showed a abrupt curtailment. Dichloromethane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Dichloromethane Production in Hong Kong SAR, China

In value terms, dichloromethane production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Dichloromethane Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of dichloromethane (methylene chloride) were exported from Hong Kong SAR; with an increase of 55% compared with the previous year's figure. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 620%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, dichloromethane exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 730%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Singapore (X tons), Peru (X tons) and Indonesia (X tons) were the main destinations of dichloromethane exports from Hong Kong SAR, together comprising 80% 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 Singapore (with a CAGR of +84.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dichloromethane exported from Hong Kong SAR were Peru ($X), Singapore ($X) and Indonesia ($X), with a combined 87% share of total exports.

Singapore, with a CAGR of +76.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dichloromethane export price stood at $X per ton in 2021, rising by 2.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to China ($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 Malaysia (+4.7%), while the prices for the other major destinations experienced a decline.

Dichloromethane Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of dichloromethane (methylene chloride) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 181% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dichloromethane imports soared to $X in 2021. In general, imports, however, saw a pronounced curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of dichloromethane imports to Hong Kong SAR, together comprising 86% of total imports. These countries were followed by Taiwan (Chinese) and Thailand, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +127.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dichloromethane suppliers to Hong Kong SAR were China ($X), South Korea ($X) and Belgium ($X), together accounting for 86% of total imports. These countries were followed by Thailand and Taiwan (Chinese), which together accounted for a further 11%.

Among the main suppliers, Thailand, with a CAGR of +267.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dichloromethane import price amounted to $X per ton, with an increase of 23% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dichloromethane import price increased by +63.6% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 47%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+61.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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