Hong Kong SAR, China: Lead Ore Market 2022

Lead Ore Market Size in Hong Kong SAR, China

In 2021, after two years of decline, there was growth in the Hong Kong lead ore market, when its value increased by 2.9% to $X. Overall, consumption, however, showed a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Lead Ore Production in Hong Kong SAR, China

In value terms, lead ore production expanded slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.0% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 54%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Lead Ore Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of lead ores increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a precipitous curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 311% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, lead ore exports skyrocketed to $X in 2021. Overall, exports, however, showed a sharp decrease. The growth pace was the most rapid in 2017 when exports increased by 682% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for lead ore exports from Hong Kong SAR, accounting for a 75% share of total exports. Moreover, lead ore exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to China totaled -41.0%.

In value terms, China ($X) remains the key foreign market for lead ore exports from Hong Kong SAR, comprising 93% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled -28.3%.

Export Prices by Country

The average lead ore export price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 90% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.6%).

Lead Ore Imports

Imports into Hong Kong SAR, China

Lead ore imports into Hong Kong SAR shrank to X tons in 2021, waning by -4.7% against the previous year's figure. Overall, imports showed a precipitous descent. The pace of growth was the most pronounced in 2018 with an increase of 1,579% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lead ore imports reduced rapidly to $X in 2021. In general, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 1,163%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest lead ore supplier to Hong Kong SAR, with a 66% share of total imports. Moreover, lead ore imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.9% per year) and Belgium (-8.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of lead ore to Hong Kong SAR, comprising 71% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Peru, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.9% per year) and Peru (-47.9% per year).

Import Prices by Country

In 2021, the average lead ore import price amounted to $X per ton, which is down by -13.4% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 74% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Peru ($X per ton), while the price for Indonesia ($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) (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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