Report Update Nov 1, 2024

Hong Kong SAR, China - O-Xylene - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Hong Kong SAR, China: O-Xylene Market 2024

O-Xylene Market Size in Hong Kong SAR, China

In 2022, the Hong Kong o-xylene market decreased by -54.5% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption showed a sharp setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

O-Xylene Production in Hong Kong SAR, China

In value terms, o-xylene production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 652,600%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

O-Xylene Exports

Exports from Hong Kong SAR, China

O-xylene exports from Hong Kong SAR declined remarkably to X tons in 2022, reducing by -49.2% against 2021. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 5,996%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, o-xylene exports declined dramatically to $X in 2022. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,940% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for o-xylene exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -6.8%.

In value terms, China ($X) also remains the key foreign market for o-xylene exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China stood at -10.0%.

Export Prices by Country

The average o-xylene export price stood at $X per ton in 2022, rising by 3.3% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 180%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.4% per year.

O-Xylene Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of o-xylene were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 1,351%. 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, o-xylene imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 1,292% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the main supplier of o-xylene to Hong Kong SAR, accounting for a 95% share of total imports. It was followed by Canada (X kg), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-30.2% per year) and the United States (-38.5% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of o-xylene to Hong Kong SAR, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.1% per year) and Canada (-35.6% per year).

Import Prices by Country

In 2022, the average o-xylene import price amounted to $X per ton, picking up by 3.8% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The growth pace was the most rapid in 2017 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-xylene in the world?

The countries with the highest volumes of in 2021 were the UK, China and Singapore, together accounting for 33% of global consumption. Germany, Italy, the United States, Russia, Belgium, South Korea, India, Iran, the Netherlands and Indonesia lagged somewhat behind, together comprising a further 45%.

What are the largest producers of o-xylene in the world?

The countries with the highest volumes of in 2021 were India, Singapore and the UK, together comprising 45% of global production.

What are the leading suppliers of o-xylene to Hong Kong SAR, China?

In value terms, Taiwan Chinese) constituted the largest supplier of o-xylene to Hong Kong SAR, comprising 73% of total imports. The second position in the ranking was occupied by Canada, with a 9.9% share of total imports.

What are the leading importers of o-xylene from Hong Kong SAR, China?

In value terms, China remains the key foreign market for o-xylene exports from Hong Kong SAR.

What is the average export price for o-xylene in Hong Kong SAR, China?

In 2021, the average o-xylene export price amounted to $896 per ton, waning by -1.9% against the previous year.

What is the average import price for o-xylene in Hong Kong SAR, China?

The average o-xylene import price stood at $1,802 per ton in 2021, which is down by -16% against the previous year.

This report provides an in-depth analysis of the o-xylene market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141243 - o-Xylene

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023