Hong Kong SAR, China: Monophenols Market 2024

Monophenols Market Size in Hong Kong SAR, China

The Hong Kong monophenols market rose modestly to $X in 2021, growing by 2.5% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.6% against 2017 indices. Monophenols consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Monophenols Production in Hong Kong SAR, China

In value terms, monophenols production rose slightly to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. Monophenols production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Monophenols Exports

Exports from Hong Kong SAR, China

In 2021, the amount of monophenols exported from Hong Kong SAR skyrocketed to X tons, rising by 46% compared with 2020 figures. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 122% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, monophenols exports soared to $X in 2021. Over the period under review, exports, however, saw a deep contraction. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for monophenols exports from Hong Kong SAR, accounting for a 73% share of total exports. Moreover, monophenols exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR totaled +106.8%.

In value terms, the largest markets for monophenols exported from Hong Kong SAR were China ($X) and Macao SAR ($X).

Macao SAR, with a CAGR of +103.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average monophenols export price stood at $X per ton in 2021, picking up by 57% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+67.6%), while the prices for the other major destinations experienced mixed trend patterns.

Monophenols Imports

Imports into Hong Kong SAR, China

Monophenols imports into Hong Kong SAR declined to X tons in 2021, waning by -9.5% against the year before. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 57%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, monophenols imports expanded notably to $X in 2021. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 96%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of monophenols to Hong Kong SAR, accounting for a 87% share of total imports. Moreover, monophenols imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold. Germany (X kg) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.3% per year) and Germany (-17.6% per year).

In value terms, the largest monophenols suppliers to Hong Kong SAR were Taiwan (Chinese) ($X), India ($X) and Germany ($X), with a combined 88% share of total imports.

India, with a CAGR of +10.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average monophenols import price stood at $X per ton in 2021, picking up by 27% against the previous year. Overall, the import price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of 120% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($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 (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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