Hong Kong SAR, China: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Hong Kong SAR, China

In 2021, the Hong Kong gypsum and anhydrite market increased by 4,343% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gypsum And Anhydrite Production in Hong Kong SAR, China

In value terms, gypsum and anhydrite production totaled $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 99%. Gypsum and anhydrite production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Gypsum And Anhydrite Exports

Exports from Hong Kong SAR, China

In 2021, the amount of gypsum and anhydrite exported from Hong Kong SAR reduced to X tons, which is down by -2.2% on the previous year. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of 3,130% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, gypsum and anhydrite exports stood at $X in 2021. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2018 with an increase of 66% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for gypsum and anhydrite exports from Hong Kong SAR, with a 97% share of total exports. It was followed by Macao SAR (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest.

In value terms, China ($X) remains the key foreign market for gypsum and anhydrite exports from Hong Kong SAR, comprising 93% of total exports. The second position in the ranking was taken by Macao SAR ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +2.3%.

Export Prices by Country

The average gypsum and anhydrite export price stood at $X per ton in 2021, growing by 3.1% against the previous year. In general, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 4,866%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+48.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gypsum And Anhydrite Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of gypsum and anhydrite was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, faced a precipitous slump. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, gypsum and anhydrite imports surged to $X in 2021. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 101% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of gypsum and anhydrite to Hong Kong SAR, with a 62% share of total imports. Moreover, gypsum and anhydrite imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+13.3% per year) and Malaysia (0.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of gypsum and anhydrite to Hong Kong SAR, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.5% per year) and Malaysia (0.0% per year).

Import Prices by Country

The average gypsum and anhydrite import price stood at $X per ton in 2021, waning by -81.8% against the previous year. Overall, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 281% against the previous year. The import price peaked at $X per ton in 2020, and then dropped rapidly in the following year.

Prices varied noticeably country of origin: 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 Taiwan (Chinese) (+45.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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