Hong Kong SAR, China: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Hong Kong SAR, China

The Hong Kong organo-inorganic compounds market skyrocketed to $X in 2021, jumping by 49% against the previous year. In general, consumption saw a buoyant expansion. Organo-inorganic compounds consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Organo-Inorganic Compounds Production in Hong Kong SAR, China

In value terms, organo-inorganic compounds production fell to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 83%. Organo-inorganic compounds production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of organo-inorganic compounds (excluding organo-sulphur compounds) were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, organo-inorganic compounds exports skyrocketed to $X in 2021. Overall, exports enjoyed a modest increase. The pace of growth appeared the most rapid in 2017 with an increase of 89%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for organo-inorganic compounds exports from Hong Kong SAR, with a 94% share of total exports. It was followed by Indonesia (X tons), with a 2.2% share of total exports. The third position in this ranking was taken by the United States (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-2.7% per year) and the United States (+51.2% per year).

In value terms, China ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Hong Kong SAR, comprising 89% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.7% share of total exports. It was followed by Indonesia, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+69.3% per year) and Indonesia (+9.7% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 58%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 China (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Hong Kong SAR, China

In 2021, after four years of decline, there was significant growth in purchases abroad of organo-inorganic compounds (excluding organo-sulphur compounds), when their volume increased by 185% to X tons. Overall, imports posted a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, organo-inorganic compounds imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest organo-inorganic compounds supplier to Hong Kong SAR, with a 82% share of total imports. Moreover, organo-inorganic compounds imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.4% per year) and Italy (+14.9% per year).

In value terms, the Netherlands ($X), South Korea ($X) and the United States ($X) were the largest organo-inorganic compounds suppliers to Hong Kong SAR, together accounting for 70% of total imports.

The Netherlands, with a CAGR of +21.8%, 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

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, waning by -54% against the previous year. In general, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2015 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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