Hong Kong SAR, China: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Hong Kong SAR, China

In 2021, the Hong Kong mixed alkylbenzenes, mixed alkylnaphthalenes market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt downturn. Mixed alkylbenzenes, mixed alkylnaphthalenes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Hong Kong SAR, China

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by 6.7%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports from Hong Kong SAR, China

In 2021, overseas shipments of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -12.2% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 9,150% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports dropped dramatically to $X in 2021. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of 8,891% 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

Tanzania (X tons) was the main destination for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Hong Kong SAR, with a 62% share of total exports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes exports to Tanzania exceeded the volume sent to the second major destination, Kenya (X tons), threefold. The third position in this ranking was taken by Zambia (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania amounted to +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (0.0% per year) and Zambia (0.0% per year).

In value terms, Tanzania ($X) remains the key foreign market for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Hong Kong SAR, comprising 66% of total exports. The second position in the ranking was taken by Kenya ($X), with a 28% share of total exports. It was followed by Zambia, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania amounted to +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (0.0% per year) and Zambia (0.0% per year).

Export Prices by Country

In 2021, the average mixed alkylbenzenes, mixed alkylnaphthalenes export price amounted to $X per ton, falling by -14.8% against the previous year. In general, the export price showed a noticeable decline. The pace of growth appeared the most rapid in 2013 an increase of 12%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to the Philippines ($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 the Philippines (-8.0%).

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports into Hong Kong SAR, China

In 2021, the amount of mixed alkylbenzenes, mixed alkylnaphthalenes imported into Hong Kong SAR skyrocketed to X tons, increasing by 25% against 2020 figures. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 84% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 114%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest mixed alkylbenzenes, mixed alkylnaphthalenes supplier to Hong Kong SAR, accounting for a 79% share of total imports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes imports from South Korea exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Japan (-11.8% per year).

In value terms, South Korea ($X) constituted the largest supplier of mixed alkylbenzenes, mixed alkylnaphthalenes to Hong Kong SAR, comprising 63% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by France, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.1% per year) and France (0.0% per year).

Import Prices by Country

In 2021, the average mixed alkylbenzenes, mixed alkylnaphthalenes import price amounted to $X per ton, with an increase of 2% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for South Korea ($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 (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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