Hong Kong SAR, China: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Hong Kong SAR, China

After five years of growth, the Hong Kong organo-sulphur compound market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a tangible increase. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Organo-Sulphur Compound Production in Hong Kong SAR, China

In value terms, organo-sulphur compound production dropped to $X in 2022 estimated in export price. Overall, production, however, showed notable growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Organo-sulphur compound production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports from Hong Kong SAR, China

In 2022, the amount of organo-sulphur compounds exported from Hong Kong SAR dropped markedly to X tons, falling by X% against 2021 figures. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, organo-sulphur compound exports expanded to $X in 2022. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for organo-sulphur compound exports from Hong Kong SAR, accounting for a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

In value terms, China ($X) remains the key foreign market for organo-sulphur compounds exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

Export Prices by Country

The average organo-sulphur compound export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

Organo-Sulphur Compound Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas purchases of organo-sulphur compounds, when their volume decreased by X% to X tons. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, organo-sulphur compound imports declined dramatically to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of organo-sulphur compound to Hong Kong SAR, accounting for a X% share of total imports. Moreover, organo-sulphur compound imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

In value terms, the largest organo-sulphur compound suppliers to Hong Kong SAR were China ($X), the United States ($X) and Japan ($X), with a combined X% share of total imports. India, Belgium, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organo-sulphur compound import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price continues to indicate modest growth. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 ($X per ton), while the price for Malaysia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform