Hong Kong SAR, China: Feldspar Market 2024

Feldspar Market Size in Hong Kong SAR, China

In 2021, the Hong Kong feldspar market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption faced a precipitous curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Feldspar Production in Hong Kong SAR, China

In value terms, feldspar production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 40%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Feldspar Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of feldspar increased by 40% to X tons, rising for the second consecutive year after seven years of decline. In general, exports, however, saw a dramatic setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, feldspar exports soared to $X in 2021. Overall, exports, however, recorded a significant decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for feldspar exports from Hong Kong SAR, with a 93% share of total exports. It was followed by Indonesia (X tons), with a 2.6% share of total exports. The third position in this ranking was held by India (X kg), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at -35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-35.8% per year) and India (-40.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for feldspar exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh amounted to -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-15.8% per year) and Taiwan (Chinese) (-32.7% per year).

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, jumping by 41% against the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 111%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Bangladesh ($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 India (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.

Feldspar Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of feldspar were imported into Hong Kong SAR; waning by -32.2% on the previous year's figure. In general, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2014 when imports increased by 8%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, feldspar imports contracted markedly to $X in 2021. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest feldspar supplier to Hong Kong SAR, with a 70% share of total imports. Moreover, feldspar imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -35.7%.

In value terms, China ($X) constituted the largest supplier of feldspar to Hong Kong SAR, comprising 79% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -19.7%.

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, rising by 1.7% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 95%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.1%).

Source: IndexBox Platform

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