Hong Kong SAR, China: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Hong Kong SAR, China

The Hong Kong halogenated hydrocarbon derivative market declined notably to $X in 2022, reducing by -68.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a abrupt descent. Halogenated hydrocarbon derivative consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were exported from Hong Kong SAR; picking up by 12% against 2021. In general, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2017 when exports increased by 126%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports rose slightly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 75% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), Malaysia (X tons) and Singapore (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Hong Kong SAR, with a combined 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +77.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Singapore ($X) and Malaysia ($X) were the largest markets for halogenated hydrocarbon derivative exported from Hong Kong SAR worldwide, together accounting for 54% of total exports.

South Korea, with a CAGR of +76.0%, 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 more modest paces of growth.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, which is down by -8.2% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 83% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+141.8%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were imported into Hong Kong SAR; with a decrease of -49.6% compared with the previous year. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 83%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports fell notably to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Hong Kong SAR, with a 57% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.3% per year) and Germany (-10.1% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.5% share of total imports. It was followed by Singapore, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.0% per year) and Singapore (-2.5% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, jumping by 55% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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