Hong Kong SAR, China: Market for Non-Ionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Non-Ionic Surface-Active Agents (Excluding Soap) in Hong Kong SAR, China

In 2021, the Hong Kong market for non-ionic surface-active agents (excluding soap) was finally on the rise to reach $X after two years of decline. In general, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports from Hong Kong SAR, China

In 2021, approx. X tons of non-ionic surface-active agents (excluding soap) were exported from Hong Kong SAR; increasing by 131% compared with the year before. Overall, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-ionic surface-active agents (excl. soap) exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for non-ionic surface-active agents (excl. soap) exports from Hong Kong SAR, with a 63% share of total exports. Moreover, non-ionic surface-active agents (excl. soap) exports to India exceeded the volume sent to the second major destination, Brazil (X tons), ninefold. Israel (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+4.9% per year) and Israel (-4.6% per year).

In value terms, India ($X) remains the key foreign market for non-ionic surface-active agents (excluding soap) exports from Hong Kong SAR, comprising 55% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.2% share of total exports. It was followed by China, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +75.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-16.0% per year) and China (-15.6% per year).

Export Prices by Country

The average export price for non-ionic surface-active agents (excluding soap) stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Brazil ($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 Australia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of non-ionic surface-active agents (excluding soap) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-ionic surface-active agents (excl. soap) imports surged to $X in 2021. Overall, imports recorded a mild expansion. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-ionic surface-active agents (excl. soap) to Hong Kong SAR, accounting for a 65% share of total imports. Moreover, non-ionic surface-active agents (excl. soap) imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Taiwan (Chinese) (-8.3% per year).

In value terms, China ($X) constituted the largest supplier of non-ionic surface-active agents (excluding soap) to Hong Kong SAR, comprising 54% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and Japan (-10.6% per year).

Import Prices by Country

In 2021, the average import price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, declining by -7% against the previous year. Overall, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 23%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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