Hong Kong SAR, China: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Hong Kong SAR, China

The Hong Kong glycosides and vegetable alkaloids market rose significantly to $X in 2021, with an increase of 14% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Glycosides and vegetable alkaloids consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Hong Kong SAR, China

In value terms, glycosides and vegetable alkaloids production soared to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 112%. Glycosides and vegetable alkaloids production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports from Hong Kong SAR, China

In 2021, exports of glycosides and vegetable alkaloids from Hong Kong SAR surged to X tons, jumping by 53% compared with 2020 figures. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 450% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids exports totaled $X in 2021. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2015 when exports increased by 99%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and Indonesia (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Hong Kong SAR, with a combined 86% share 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 Taiwan (Chinese) (with a CAGR of +46.6%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from Hong Kong SAR, comprising 48% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-18.7% per year) and China (-9.3% per year).

Export Prices by Country

The average glycosides and vegetable alkaloids export price stood at $X per ton in 2021, waning by -33.7% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2020 an increase of 110%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($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 India (-6.2%), while the prices for the other major destinations experienced a decline.

Imports of Glycosides And Vegetable Alkaloids

Imports into Hong Kong SAR, China

In 2021, the amount of glycosides and vegetable alkaloids imported into Hong Kong SAR skyrocketed to X tons, growing by 90% on the year before. Over the period under review, imports saw a tangible increase. The pace of growth was the most pronounced in 2014 when imports increased by 193% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids imports soared to $X in 2021. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 50%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main glycosides and vegetable alkaloids supplier to Hong Kong SAR, accounting for a 94% share of total imports. It was followed by India (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.1% per year) and Germany (-22.7% per year).

In value terms, China ($X) constituted the largest supplier of glycosides and vegetable alkaloids to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.8% per year) and Germany (-15.4% per year).

Import Prices by Country

The average glycosides and vegetable alkaloids import price stood at $X per ton in 2021, falling by -39.3% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 43%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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