Hong Kong SAR, China: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Hong Kong SAR, China

In 2022, the Hong Kong market for organo-sulphur compounds and other organo-inorganic compounds decreased by -42% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Hong Kong SAR, China

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 30%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Hong Kong SAR, China

In 2022, the amount of organo-sulphur compounds and other organo-inorganic compounds exported from Hong Kong SAR declined dramatically to X tons, with a decrease of -31% against 2021 figures. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds shrank markedly to $X in 2022. Over the period under review, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 130% against the previous year. Over the period under review, the exports of attained the peak figure 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 exports of organo-sulphur compounds and other organo-inorganic compounds from Hong Kong SAR, with a 90% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+22.5% per year) and Taiwan (Chinese) (-21.3% per year).

In value terms, China ($X) remains the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was held by Japan ($X), with a 4.7% share of total exports. It was followed by Taiwan (Chinese), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+25.8% per year) and Taiwan (Chinese) (-19.5% per year).

Export Prices by Country

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 83%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Italy ($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 (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in purchases abroad of organo-sulphur compounds and other organo-inorganic compounds, when their volume decreased by -74.9% to X tons. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds reduced notably to $X in 2022. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 74% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the Netherlands (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Hong Kong SAR, with a combined 72% share of total imports. The United States, Belgium, Japan and India lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +12.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) were the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Hong Kong SAR, with a combined 76% share of total imports. Japan, India, South Korea and Belgium lagged somewhat behind, together comprising a further 18%.

Japan, with a CAGR of +13.9%, recorded the highest rates of growth with regard to 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 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, jumping by 125% against the previous year. Overall, the import price posted buoyant growth. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($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 Netherlands (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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