Hong Kong SAR, China: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Hong Kong SAR, China

The Hong Kong industrial fatty alcohols market fell slightly to $X in 2021, dropping by -2.9% against the previous year. Over the period under review, consumption showed a mild slump. The pace of growth was the most pronounced in 2016 with an increase of 9.8%. Industrial fatty alcohols consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Production in Hong Kong SAR, China

In value terms, industrial fatty alcohols production shrank to $X in 2021 estimated in export price. Overall, production showed a mild contraction. The pace of growth appeared the most rapid in 2016 with an increase of 13%. Industrial fatty alcohols production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports from Hong Kong SAR, China

For the ninth year in a row, Hong Kong SAR recorded decline in overseas shipments of industrial fatty alcohols, which decreased by 0% to X tons in 2021. Overall, exports recorded a dramatic decline. The smallest decline of -1.6% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports stood at $X in 2021. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 when exports increased by 0.7%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for industrial fatty alcohols exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled -23.4%.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -29.5%.

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, remaining stable against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -8.0% per year.

Industrial Fatty Alcohols Imports

Imports into Hong Kong SAR, China

In 2021, the amount of industrial fatty alcohols imported into Hong Kong SAR declined significantly to X tons, dropping by -17.4% on 2020. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 124% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, industrial fatty alcohols imports rose significantly to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 50% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of industrial fatty alcohols to Hong Kong SAR, with a 46% share of total imports. Moreover, industrial fatty alcohols imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The Philippines (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+71.9% per year) and the Philippines (+122.2% per year).

In value terms, the largest industrial fatty alcohols suppliers to Hong Kong SAR were the United States ($X), China ($X) and the Netherlands ($X), together comprising 42% of total imports. These countries were followed by France, the UK, the Philippines and India, which together accounted for a further 29%.

Among the main suppliers, the Philippines, with a CAGR of +123.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, increasing by 27% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial fatty alcohols import price decreased by -1.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 82%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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