Hong Kong SAR, China: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Hong Kong SAR, China

After two years of decline, the Hong Kong market for liquid or compressed air and distilled or conductivity water increased by 30% to $X in 2021. In general, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Hong Kong SAR, China

In value terms, liquid air and distilled water production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 168% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Hong Kong SAR, China

In 2021, approx. X tons of liquid or compressed air and distilled or conductivity water were exported from Hong Kong SAR; waning by -1.6% compared with the previous year. Overall, exports saw a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 2,433%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid air and distilled water exports shrank remarkably to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 21%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for liquid air and distilled water exports from Hong Kong SAR, with a 87% share of total exports. Moreover, liquid air and distilled water exports to Macao SAR exceeded the volume sent to the second major destination, Papua New Guinea (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+1.6% per year) and China (-9.9% per year).

In value terms, Macao SAR ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 6.3% share of total exports. It was followed by China, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-1.2% per year) and China (-11.7% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, waning by -14.3% against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 an increase of 3,011%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and China ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) and Macao SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Hong Kong SAR, China

Liquid air and distilled water imports into Hong Kong SAR surged to X tons in 2021, picking up by 39% compared with the year before. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 71%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, liquid air and distilled water imports surged to $X in 2021. Overall, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and Japan (X tons) were the main suppliers of liquid air and distilled water imports to Hong Kong SAR, together accounting for 92% of total imports. The United States, South Korea and Macao SAR lagged somewhat behind, together comprising a further 5.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +66.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was held by China ($X), with a 6.1% share of total imports. It was followed by Malaysia, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.3% per year) and Malaysia (-6.1% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, increasing by 399% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+18.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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