Hong Kong SAR, China: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Hong Kong SAR, China

The Hong Kong oils from coal tar market skyrocketed to $X in 2021, jumping by 534% against the previous year. Over the period under review, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Hong Kong SAR, China

In value terms, oils from coal tar production amounted to $X in 2021 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 69% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Hong Kong SAR, China

Oils from coal tar exports from Hong Kong SAR soared to X tons in 2021, rising by 172% against 2020. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 1,910%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, oils from coal tar exports surged to $X in 2021. Overall, exports saw a measured expansion. The pace of growth was the most pronounced in 2018 when exports increased by 1,955%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for oils from coal tar exports from Hong Kong SAR, accounting for a 56% share of total exports. Moreover, oils from coal tar exports to Vietnam exceeded the volume sent to the second major destination, Rwanda (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +583.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+26.7% per year) and Canada (0.0% per year).

In value terms, Vietnam ($X), Rwanda ($X) and Canada ($X) constituted the largest markets for oils from coal tar exported from Hong Kong SAR worldwide, with a combined 87% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +981.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average oils from coal tar export price amounted to $X per ton, rising by 4.8% against the previous year. Overall, the export price recorded a perceptible expansion. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Australia ($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 Vietnam (+58.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded growth in purchases abroad of oils and other products of the distillation of high temperature coal tar, which increased by 38% to X tons in 2021. Overall, imports showed temperate growth. The pace of growth appeared the most rapid in 2015 when imports increased by 260% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, oils from coal tar imports soared to $X in 2021. Over the period under review, imports, however, saw a mild slump. The pace of growth was the most pronounced in 2017 with an increase of 122%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of oils from coal tar imports to Hong Kong SAR, with a combined 41% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +129.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Germany ($X) and the United States ($X) constituted the largest oils from coal tar suppliers to Hong Kong SAR, together comprising 38% of total imports.

Germany, with a CAGR of +68.9%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average oils from coal tar import price amounted to $X per ton, increasing by 14% 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 2018 an increase of 211%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+53.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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