Hong Kong SAR, China: Industrial Stearic Acid Market 2025

Industrial Stearic Acid Market Size in Hong Kong SAR, China

The Hong Kong industrial stearic acid market soared to $X in 2021, increasing by 29% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Production in Hong Kong SAR, China

In value terms, industrial stearic acid production surged to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 70% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Industrial Stearic Acid Exports

Exports from Hong Kong SAR, China

In 2021, industrial stearic acid exports from Hong Kong SAR surged to X tons, with an increase of 65% against 2020. In general, exports, however, saw a precipitous slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial stearic acid exports soared to $X in 2021. Over the period under review, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 76%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to China amounted to -22.5%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -21.7%.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2021, surging by 5.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2019 an increase of 30% 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 failed to regain momentum.

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 +1.1% per year.

Industrial Stearic Acid Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of industrial stearic acid were imported into Hong Kong SAR; shrinking by -53.8% against the previous year's figure. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 131% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial stearic acid imports dropped rapidly to $X in 2021. Overall, imports, however, recorded a modest increase. The growth pace was the most rapid in 2019 when imports increased by 117% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of industrial stearic acid imports to Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +65.6%), while imports for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Malaysia ($X) appeared to be the largest industrial stearic acid suppliers to Hong Kong SAR.

Japan, with a CAGR of +67.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2021, surging by 74% against the previous year. In general, the import price recorded prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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