Hong Kong SAR, China: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Hong Kong SAR, China

In 2022, the Hong Kong graphite non-electrical articles market decreased by -21.7% to $X for the first time since 2013, thus ending a eight-year rising trend. In general, consumption, however, saw a buoyant increase. Graphite non-electrical articles consumption peaked at $X in 2021, and then declined dramatically in the following year.

Graphite Non-Electrical Articles Production in Hong Kong SAR, China

In value terms, graphite non-electrical articles production contracted sharply to $X in 2022 estimated in export price. Overall, production saw a slight setback. The pace of growth appeared the most rapid in 2019 with an increase of 536%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Graphite Non-Electrical Articles Exports

Exports from Hong Kong SAR, China

After two years of decline, overseas shipments of non-electrical articles of graphite or other carbon increased by 17% to X tons in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 265%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, graphite non-electrical articles exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 229%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for graphite non-electrical articles exports from Hong Kong SAR, accounting for a 93% share of total exports. It was followed by Vietnam (X tons), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+263.6% per year) and South Korea (+12.1% per year).

In value terms, China ($X) remains the key foreign market for non-electrical articles of graphite or other carbon exports from Hong Kong SAR, comprising 94% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+133.4% per year) and South Korea (-3.6% per year).

Export Prices by Country

In 2022, the average graphite non-electrical articles export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 9.3% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to South Korea ($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 China (-3.9%), while the prices for the other major destinations experienced a decline.

Graphite Non-Electrical Articles Imports

Imports into Hong Kong SAR, China

Graphite non-electrical articles imports into Hong Kong SAR declined modestly to X tons in 2022, reducing by -2.7% compared with the year before. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, graphite non-electrical articles imports rose slightly to $X in 2022. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 84% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest graphite non-electrical articles supplier to Hong Kong SAR, accounting for a 49% share of total imports. Moreover, graphite non-electrical articles imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.4% per year) and China (-5.8% per year).

In value terms, the largest graphite non-electrical articles suppliers to Hong Kong SAR were South Korea ($X), Japan ($X) and the United States ($X), with a combined 88% share of total imports. China, Taiwan (Chinese), Singapore and the UK lagged somewhat behind, together comprising a further 8.9%.

Singapore, with a CAGR of +116.9%, saw 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 more modest paces of growth.

Import Prices by Country

The average graphite non-electrical articles import price stood at $X per ton in 2022, increasing by 7.1% against the previous year. Overall, the import price saw buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 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 South Korea ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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