Hong Kong SAR, China: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Hong Kong SAR, China

The Hong Kong hydrogen chloride market totaled $X in 2021, rising by 7.3% against the previous year. Overall, consumption, however, saw a mild descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Hydrogen Chloride Production in Hong Kong SAR, China

In value terms, hydrogen chloride production totaled $X in 2021 estimated in export price. Overall, production, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Hydrogen Chloride Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of hydrogen chloride (hydrochloric acid) decreased by -85.9% to X tons in 2021. In general, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2015 when exports increased by 51,616%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, hydrogen chloride exports shrank markedly to $X in 2021. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 80,348% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritius (X tons) was the main destination for hydrogen chloride exports from Hong Kong SAR, accounting for a 69% share of total exports. Moreover, hydrogen chloride exports to Mauritius exceeded the volume sent to the second major destination, Ghana (X tons), fivefold. The third position in this ranking was taken by Indonesia (X kg), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritius was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-2.1% per year) and Indonesia (-36.1% per year).

In value terms, Singapore ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 3.3% share of total exports. It was followed by the Dominican Republic, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (0.0% per year) and the Dominican Republic (-35.9% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, dropping by -25.8% against the previous year. In general, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2019 an increase of 121% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Mauritius ($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 China (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were imported into Hong Kong SAR; approximately equating the previous year's figure. Overall, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 with an increase of 19% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hydrogen chloride imports dropped to $X in 2021. Over the period under review, imports recorded a deep downturn. The smallest decline of -3.3% was in 2015. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and India (X tons) were the main suppliers of hydrogen chloride imports to Hong Kong SAR, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Hong Kong SAR, comprising 71% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.5% share of total imports. It was followed by Greece, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.0% per year) and Greece (-8.5% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, reducing by -7.4% against the previous year. Over the period under review, the import price recorded a deep contraction. The growth pace was the most rapid in 2018 an increase of 10%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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