Hong Kong SAR, China: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Hong Kong SAR, China

The Hong Kong aromatic monoamines market expanded to $X in 2021, with an increase of 2.9% against the previous year. Overall, consumption, however, saw a pronounced setback. Aromatic monoamines consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in Hong Kong SAR, China

In value terms, aromatic monoamines production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. Aromatic monoamines production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aromatic Monoamines Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in overseas shipments of other aromatic monoamines and their derivatives, salts thereof, when their volume increased by 35% to X tons. Over the period under review, exports, however, showed a sharp descent. The pace of growth appeared the most rapid in 2015 when exports increased by 699% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports contracted dramatically to $X in 2021. In general, exports, however, recorded a sharp setback. The growth pace was the most rapid in 2015 with an increase of 1,810%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X kg), the United States (X kg) and France (X kg) were the main destinations of aromatic monoamines exports from Hong Kong SAR, with a combined 83% share of total exports. These countries were followed by China, Germany and the UK, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +55.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) were the largest markets for aromatic monoamines exported from Hong Kong SAR worldwide, together comprising 76% of total exports.

France, with a CAGR of +56.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aromatic monoamines export price stood at $X per ton in 2021, shrinking by -54.3% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 471% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($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 France (+27.3%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of other aromatic monoamines and their derivatives, salts thereof were imported into Hong Kong SAR; picking up by 113% compared with the previous year's figure. In general, imports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2018 when imports increased by 186% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic monoamines imports surged to $X in 2021. Over the period under review, imports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 262%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic monoamines to Hong Kong SAR, with a 65% share of total imports. Moreover, aromatic monoamines imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), sixfold. The third position in this ranking was held by India (X kg), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+51.4% per year) and India (+10.8% per year).

In value terms, Switzerland ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Hong Kong SAR, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by India, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland stood at +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.9% per year) and India (-8.0% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, declining by -33.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2020 when the average import price increased by 123%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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