Hong Kong SAR, China: Lysine Market 2024

Lysine Market Size in Hong Kong SAR, China

The Hong Kong lysine market soared to $X in 2022, increasing by 22% against the previous year. Over the period under review, consumption, however, saw a slight downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lysine Production in Hong Kong SAR, China

In value terms, lysine production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lysine Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of lysine and its esters, and salts thereof decreased by -27.8% to X tons in 2022. In general, exports, however, showed a measured increase. The pace of growth was the most pronounced in 2019 with an increase of 198% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted dramatically in the following year.

In value terms, lysine exports dropped rapidly to $X in 2022. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 296%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Hungary (X tons) and India (X tons) were the main destinations of lysine exports from Hong Kong SAR, together comprising 71% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lysine exported from Hong Kong SAR were Canada ($X), Hungary ($X) and India ($X), with a combined 71% share of total exports.

Among the main countries of destination, India, with a CAGR of +34.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lysine export price stood at $X per ton in 2022, shrinking by -13.3% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 137%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.4%), while the prices for the other major destinations experienced a decline.

Lysine Imports

Imports into Hong Kong SAR, China

In 2022, the amount of lysine and its esters, and salts thereof imported into Hong Kong SAR dropped to X tons, waning by -11.9% compared with 2021. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, lysine imports rose rapidly to $X in 2022. In general, imports saw a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by 128% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of lysine imports to Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +8.0%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was held by Malaysia ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.8% per year) and China (-6.2% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, jumping by 25% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lysine import price increased by +41.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 63%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+28.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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