Report Update Nov 1, 2024

Hong Kong SAR, China - Iron Oxides and Hydroxides - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in the Hong Kong iron oxide pigment market, when its value decreased by -6.7% to $X. Overall, consumption, however, posted a temperate increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Iron Oxide Pigment Production in Hong Kong SAR, China

In value terms, iron oxide pigment production stood at $X in 2021 estimated in export price. Overall, production saw a sharp descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 2,327%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Oxide Pigment Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of iron oxide pigments was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 123%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, iron oxide pigment exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs 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 iron oxide pigment exports from Hong Kong SAR, with a 98% share of total exports. It was followed by Thailand (X tons), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -11.9%.

In value terms, China ($X) remains the key foreign market for iron oxide pigments exports from Hong Kong SAR, comprising 80% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at -20.9%.

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2021, declining by -12.4% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-9.9%).

Iron Oxide Pigment Imports

Imports into Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in overseas purchases of iron oxide pigments, when their volume increased by 10% to X tons. Over the period under review, imports, however, showed a slight decrease. The growth pace was the most rapid in 2017 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron oxide pigment imports soared to $X in 2021. Overall, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 49%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and China (X tons) were the main suppliers of iron oxide pigment imports to Hong Kong SAR, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +17.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and China ($X) were the largest iron oxide pigment suppliers to Hong Kong SAR, with a combined 97% share of total imports.

Among the main suppliers, Japan, with a CAGR of +2.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average iron oxide pigment import price amounted to $X per ton, picking up by 8.5% against the previous year. Overall, the import price, however, showed a noticeable contraction. The growth pace was the most rapid in 2015 when the average import price increased by 10%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments consumption in 2020 were China, Germany and the United States, with a combined 43% share of global consumption. These countries were followed by India, Mexico, Japan, Chile, Taiwan Chinese), Russia, Italy, France, Brazil and Poland, which together accounted for a further 31%.

What are the largest producers of iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments production in 2020 were China, Germany and India, together accounting for 57% of global production. Japan, Brazil, Chile, South Korea, Taiwan Chinese), France, Italy, Mauritania, Austria and Belgium lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of iron oxides and hydroxides to Hong Kong SAR, China?

In value terms, Taiwan Chinese) constituted the largest supplier of iron oxide pigments to Hong Kong SAR, comprising 62% of total imports. The second position in the ranking was occupied by Japan, with a 22% share of total imports. It was followed by China, with an 8% share.

What are the leading importers of iron oxides and hydroxides from Hong Kong SAR, China?

In value terms, China emerged as the key foreign market for iron oxide pigments exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was occupied by Thailand, with a 9.7% share of total exports. It was followed by South Korea, with a 1.3% share.

What is the average export price for iron oxides and hydroxides in Hong Kong SAR, China?

In 2020, the average iron oxide pigments export price amounted to $7,525 per ton, with an increase of 444% against the previous year.

What is the average import price for iron oxides and hydroxides in Hong Kong SAR, China?

The average iron oxide pigments import price stood at $491 per ton in 2020, rising by 9.1% against the previous year.

This report provides an in-depth analysis of the iron oxide pigment market 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3

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:

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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
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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