Hong Kong SAR, China: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Hong Kong SAR, China

The Hong Kong limestone flux and limestone market dropped remarkably to $X in 2022, shrinking by -15.7% against the previous year. Over the period under review, consumption, however, saw a tangible expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in Hong Kong SAR, China

In value terms, limestone flux and limestone production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 280% against the previous year. Limestone flux and limestone production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Hong Kong SAR, China

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were exported from Hong Kong SAR; dropping by -38.7% compared with 2021. In general, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 759%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports reached $X in 2022. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2015 when exports increased by 441% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X kg) was the main destination for limestone flux and limestone exports from Hong Kong SAR, accounting for a 9.1% share of total exports. It was followed by Cambodia (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +17.9%.

In value terms, India ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Hong Kong SAR, comprising 3.8% of total exports. The second position in the ranking was held by Cambodia ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India amounted to +6.3%.

Export Prices by Country

The average limestone flux and limestone export price stood at $X per ton in 2022, growing by 65% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 166%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+44.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Hong Kong SAR, China

Limestone flux and limestone imports into Hong Kong SAR fell sharply to X tons in 2022, shrinking by -16.2% compared with the previous year's figure. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 27%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports rose rapidly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 14% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Japan (X tons) were the main suppliers of limestone flux and limestone imports to Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +4.4%).

In value terms, Japan ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +8.8%.

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, with an increase of 34% against the previous year. In general, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 80%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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