Hong Kong SAR, China: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Hong Kong SAR, China

The Hong Kong ferro-cerium and pyrophoric alloys market contracted notably to $X in 2021, shrinking by -22.8% against the previous year. Over the period under review, consumption, however, posted a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Hong Kong SAR, China

In value terms, ferro-cerium and pyrophoric alloys production shrank sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 735% against the previous year. Ferro-cerium and pyrophoric alloys production peaked at $X in 2020, and then shrank dramatically in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Hong Kong SAR, China

Ferro-cerium and pyrophoric alloys exports from Hong Kong SAR shrank rapidly to X tons in 2021, which is down by -85.3% on 2020 figures. Overall, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports reduced notably to $X in 2021. In general, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 65% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Indonesia (X tons) and Macao SAR (X kg) were the main destinations of ferro-cerium and pyrophoric alloys exports from Hong Kong SAR, together comprising 97% of total exports. These countries were followed by France, which accounted for a further 1.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Indonesia ($X), China ($X) and France ($X) were the largest markets for ferro-cerium and pyrophoric alloys exported from Hong Kong SAR worldwide, with a combined 99% share of total exports.

France, with a CAGR of 0.0%, recorded 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 a decline.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, with an increase of 7.1% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 289% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 France ($X per ton), while the average price for exports to Macao SAR ($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 Japan (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Hong Kong SAR, China

Ferro-cerium and pyrophoric alloys imports into Hong Kong SAR contracted dramatically to X tons in 2021, falling by -42.4% compared with 2020 figures. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 78%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports reduced markedly to $X in 2021. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 83%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) was the main supplier of ferro-cerium and pyrophoric alloys to Hong Kong SAR, accounting for a 96% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at -6.3%.

In value terms, South Korea ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Hong Kong SAR, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to -6.5%.

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, with a decrease of -30.6% against the previous year. Over the period under review, the import price showed a abrupt decline. The growth pace was the most rapid in 2013 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 South Korea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%).

Source: IndexBox Platform

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