Hong Kong SAR, China: Market for Fluorine, Chlorine, Bromine and Iodine 2024

Market Size for Fluorine, Chlorine, Bromine and Iodine in Hong Kong SAR, China

The Hong Kong market for fluorine, chlorine, bromine and iodines was estimated at $X in 2021, growing by 3% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 4.6% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Fluorine, Chlorine, Bromine and Iodine in Hong Kong SAR, China

In value terms, fluorine, chlorine, bromine and iodine production rose modestly to $X in 2021 estimated in export price. In general, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. Fluorine, chlorine, bromine and iodine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Fluorine, Chlorine, Bromine and Iodine

Exports from Hong Kong SAR, China

In 2021, overseas shipments of fluorine, chlorine, bromine and iodines decreased by -61.6% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 160% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fluorine, chlorine, bromine and iodine exports reduced sharply to $X in 2021. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 196% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for fluorine, chlorine, bromine and iodine exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -6.6%.

In value terms, China ($X) also remains the key foreign market for fluorine, chlorine, bromine and iodines exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -5.3%.

Export Prices by Country

The average export price for fluorine, chlorine, bromine and iodines stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 when the average export price increased by 14%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.4% per year.

Imports of Fluorine, Chlorine, Bromine and Iodine

Imports into Hong Kong SAR, China

In 2021, purchases abroad of fluorine, chlorine, bromine and iodines decreased by -21% to X tons, falling for the seventh consecutive year after three years of growth. In general, imports faced a significant decrease. The pace of growth appeared the most rapid in 2013 with an increase of 31%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, fluorine, chlorine, bromine and iodine imports contracted markedly to $X in 2021. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 103%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest fluorine, chlorine, bromine and iodine supplier to Hong Kong SAR, accounting for a 58% share of total imports. Moreover, fluorine, chlorine, bromine and iodine imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-37.5% per year) and the United States (+13.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of fluorine, chlorine, bromine and iodines to Hong Kong SAR, comprising 79% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.0% per year) and the United States (+2.7% per year).

Import Prices by Country

The average import price for fluorine, chlorine, bromine and iodines stood at $X per ton in 2021, with a decrease of -26% against the previous year. Over the period under review, the import price, however, posted significant growth. The growth pace was the most rapid in 2016 when the average import price increased by 216% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then contracted markedly in the following year.

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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform