Hong Kong SAR, China: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in the Hong Kong ionones and methylionones market, when its value decreased by -85% to $X. Overall, consumption showed a perceptible reduction. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Ionones And Methylionones Production in Hong Kong SAR, China

In value terms, ionones and methylionones production stood at $X in 2021 estimated in export price. Overall, production saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 282%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Ionones And Methylionones Exports

Exports from Hong Kong SAR, China

Ionones and methylionones exports from Hong Kong SAR soared to X tons in 2021, picking up by 3,057% against 2020 figures. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ionones and methylionones exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for ionones and methylionones exports from Hong Kong SAR, accounting for a 33% share of total exports. Moreover, ionones and methylionones exports to Germany exceeded the volume sent to the second major destination, India (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+39.8% per year) and the United States (+69.4% per year).

In value terms, the largest markets for ionones and methylionones exported from Hong Kong SAR were Germany ($X), India ($X) and the United States ($X), together comprising 57% of total exports.

Germany, with a CAGR of +65.2%, recorded the highest rates of growth with regard to 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 ionones and methylionones export price stood at $X per ton in 2021, surging by 18% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ionones and methylionones export price decreased by -39.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 Brazil (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ionones And Methylionones Imports

Imports into Hong Kong SAR, China

Ionones and methylionones imports into Hong Kong SAR fell to X tons in 2021, dropping by -3.6% on the year before. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,901%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, ionones and methylionones imports reached $X in 2021. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 4,348% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest supplier of ionones and methylionones to Hong Kong SAR, with a 35% share of total imports. Moreover, ionones and methylionones imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Switzerland totaled +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.6% per year) and China (+52.5% per year).

In value terms, Switzerland ($X), Germany ($X) and China ($X) appeared to be the largest ionones and methylionones suppliers to Hong Kong SAR, together comprising 59% of total imports.

Germany, with a CAGR of +45.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ionones and methylionones import price stood at $X per ton in 2021, rising by 3.8% against the previous year. In general, the import price, however, recorded a noticeable decline. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :