Report Update Nov 1, 2024

Hong Kong SAR, China - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Hong Kong SAR, China

After two years of growth, the Hong Kong industrial monocarboxylic fatty acids market decreased by -11% to $X in 2021. Overall, consumption showed a slight contraction. Industrial monocarboxylic fatty acids consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Hong Kong SAR, China

In value terms, industrial monocarboxylic fatty acids production amounted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 57% against the previous year. Industrial monocarboxylic fatty acids production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Hong Kong SAR, China

Industrial monocarboxylic fatty acids exports from Hong Kong SAR surged to X tons in 2021, picking up by 296% compared with the previous year. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Overall, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +27.3%.

In value terms, China ($X) also remains the key foreign market for industrial monocarboxylic fatty acids exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China totaled +20.7%.

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, jumping by 32% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 -5.2% per year.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of industrial monocarboxylic fatty acids increased by 24% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 5,287% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 2,601%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) was the main industrial monocarboxylic fatty acids supplier to Hong Kong SAR, accounting for a 91% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to -42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (0.0% per year) and Japan (+31.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to -36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+32.4% per year) and Myanmar (0.0% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, with an increase of 25% against the previous year. In general, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 84%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial monocarboxylic fatty acids in the world?

China remains the largest industrial monocarboxylic fatty acids consuming country worldwide, accounting for 18% of total volume. Moreover, industrial monocarboxylic fatty acids consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 7% share.

What are the largest producers of industrial monocarboxylic fatty acids in the world?

The countries with the highest volumes of industrial monocarboxylic fatty acids production in 2020 were Indonesia, China and the U.S., with a combined 38% share of global production.

What are the leading suppliers of industrial monocarboxylic fatty acids to Hong Kong SAR, China?

In value terms, Malaysia constituted the largest supplier of industrial monocarboxylic fatty acids to Hong Kong SAR.

What are the leading importers of industrial monocarboxylic fatty acids from Hong Kong SAR, China?

In value terms, China remains the key foreign market for industrial monocarboxylic fatty acids exports from Hong Kong SAR.

What is the average export price for industrial monocarboxylic fatty acids in Hong Kong SAR, China?

In 2020, the average industrial monocarboxylic fatty acids export price amounted to $569 per ton, dropping by -7.9% against the previous year.

What is the average import price for industrial monocarboxylic fatty acids in Hong Kong SAR, China?

In 2020, the average industrial monocarboxylic fatty acids import price amounted to $474 per ton, shrinking by -22.2% against the previous year.

This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023