Hong Kong SAR, China: Kaolin Market 2024

Kaolin Market Size in Hong Kong SAR, China

After three years of growth, the Hong Kong kaolin market decreased by -16.1% to $X in 2021. Overall, consumption showed a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of 9.8% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Kaolin Production in Hong Kong SAR, China

In value terms, kaolin production declined to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 2.8% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Kaolin Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of kaolin and kaolinic clays were exported from Hong Kong SAR; picking up by 30% compared with the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,395% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, kaolin exports surged to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 2,997%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons), Japan (X tons) and China (X tons) were the main destinations of kaolin exports from Hong Kong SAR, together comprising 99.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +361.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) remains the key foreign market for kaolin and kaolinic clays exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+349.8% per year) and China (+29.7% per year).

Export Prices by Country

The average kaolin export price stood at $X per ton in 2021, waning by -6.5% against the previous year. Overall, the export price, however, recorded significant growth. The growth pace was the most rapid in 2019 an increase of 271% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to the UK ($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 China (+34.0%), while the prices for the other major destinations experienced mixed trend patterns.

Kaolin Imports

Imports into Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in supplies from abroad of kaolin and kaolinic clays, when their volume decreased by -25.5% to X tons. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 170%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, kaolin imports fell sharply to $X in 2021. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 1,970%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest kaolin supplier to Hong Kong SAR, with a 63% share of total imports. Moreover, kaolin imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +345.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and Japan (+27.1% per year).

In value terms, Japan ($X) constituted the largest supplier of kaolin and kaolinic clays to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +50.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+276.2% per year) and the United States (-1.7% per year).

Import Prices by Country

In 2021, the average kaolin import price amounted to $X per ton, dropping by -57.6% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 an increase of 667% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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