Hong Kong SAR, China: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Hong Kong SAR, China

In 2021, the Hong Kong gypsum, anhydrite and limestone market increased by 24% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Gypsum, Anhydrite And Limestone in Hong Kong SAR, China

In value terms, gypsum, anhydrite and limestone production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 412% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Gypsum, Anhydrite And Limestone

Exports from Hong Kong SAR, China

In 2021, shipments abroad of gypsum, anhydrite and limestone decreased by -45.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a precipitous contraction. The growth pace was the most rapid in 2018 with an increase of 85%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, gypsum, anhydrite and limestone exports stood at $X in 2021. Over the period under review, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2018 with an increase of 72% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for gypsum, anhydrite and limestone exports from Hong Kong SAR, with a 86% share of total exports. Moreover, gypsum, anhydrite and limestone exports to China exceeded the volume sent to the second major destination, India (X tons), eightfold. Vietnam (X kg) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+62.5% per year) and Vietnam (-79.5% per year).

In value terms, China ($X) remains the key foreign market for gypsum, anhydrite and limestone exports from Hong Kong SAR, comprising 91% of total exports. The second position in the ranking was held by India ($X), with a 1.9% share of total exports. It was followed by Vietnam, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+49.4% per year) and Vietnam (-63.9% per year).

Export Prices by Country

The average gypsum, anhydrite and limestone export price stood at $X per ton in 2021, with an increase of 86% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 2,384% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

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 Vietnam ($X per ton), while the average price for exports to India ($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 Vietnam (+76.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gypsum, Anhydrite And Limestone

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of gypsum, anhydrite and limestone, which decreased by -16.3% to X tons in 2021. Over the period under review, imports faced a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 25%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, gypsum, anhydrite and limestone imports shrank to $X in 2021. Overall, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Vietnam (X tons) and Japan (X tons) were the main suppliers of gypsum, anhydrite and limestone imports to Hong Kong SAR, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +22.5%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of gypsum, anhydrite and limestone to Hong Kong SAR, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by the Philippines, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.3% per year) and the Philippines (+10.4% per year).

Import Prices by Country

The average gypsum, anhydrite and limestone import price stood at $X per ton in 2021, growing by 7.6% against the previous year. Overall, the import price posted a significant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 148% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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