Hong Kong SAR, China: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Hong Kong SAR, China

The Hong Kong oxides of boron market contracted to $X in 2022, shrinking by -7.9% against the previous year. Over the period under review, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Production in Hong Kong SAR, China

In value terms, oxides of boron production shrank to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Oxides Of Boron Exports

Exports from Hong Kong SAR, China

In 2022, exports of oxides of boron, boric acids and inorganic acids from Hong Kong SAR contracted dramatically to X tons, dropping by -29% against 2021 figures. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 396% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxides of boron exports shrank rapidly to $X in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 330% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for oxides of boron exports from Hong Kong SAR, accounting for a 69% share of total exports. Moreover, oxides of boron exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+24.7% per year) and Japan (+61.5% per year).

In value terms, China ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by Canada, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-3.3% per year) and Canada (-39.3% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, waning by -10% against the previous year. In general, the export price recorded a mild decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 48%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Japan (+50.7%), while the prices for the other major destinations experienced mixed trend patterns.

Oxides Of Boron Imports

Imports into Hong Kong SAR, China

In 2022, imports of oxides of boron, boric acids and inorganic acids into Hong Kong SAR fell dramatically to X tons, shrinking by -64.4% compared with the previous year's figure. Overall, imports faced a deep downturn. The growth pace was the most rapid in 2018 with an increase of 352% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, oxides of boron imports skyrocketed to $X in 2022. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 281%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and South Korea (X tons) were the main suppliers of oxides of boron imports to Hong Kong SAR, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.8%), while imports for the other leaders experienced a decline.

In value terms, South Korea ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.5% per year) and the United States (+6.6% per year).

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, rising by 262% against the previous year. Over the period under review, the import price posted prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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