Hong Kong SAR, China: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Hong Kong SAR, China

The Hong Kong oxygen-function amino-compound market declined to $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Oxygen-Function Amino-Compound Production in Hong Kong SAR, China

In value terms, oxygen-function amino-compound production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.5% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 40%. Oxygen-function amino-compound production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Oxygen-Function Amino-Compound Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of oxygen-function amino-compounds increased by 4.7% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 41%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports reduced modestly to $X in 2021. In general, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 32% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for oxygen-function amino-compound exports from Hong Kong SAR, with a 68% share of total exports. Moreover, oxygen-function amino-compound exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), sixfold. Malaysia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-2.8% per year) and Malaysia (+18.9% per year).

In value terms, China ($X) remains the key foreign market for oxygen-function amino-compounds exports from Hong Kong SAR, comprising 29% of total exports. The second position in the ranking was held by India ($X), with a 6.7% share of total exports. It was followed by Malaysia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-10.3% per year) and Malaysia (+17.6% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, which is down by -8% against the previous year. Over the period under review, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($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 Iran (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen-Function Amino-Compound Imports

Imports into Hong Kong SAR, China

In 2021, the amount of oxygen-function amino-compounds imported into Hong Kong SAR reduced to X tons, which is down by -3% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, oxygen-function amino-compound imports reduced to $X in 2021. In general, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 when imports increased by 31%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest oxygen-function amino-compound supplier to Hong Kong SAR, accounting for a 44% share of total imports. Moreover, oxygen-function amino-compound imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Singapore (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.4% per year) and Singapore (+13.5% per year).

In value terms, the largest oxygen-function amino-compound suppliers to Hong Kong SAR were China ($X), India ($X) and Japan ($X), together comprising 65% of total imports. These countries were followed by the United States, Germany, Singapore, Taiwan (Chinese), Malaysia and the Netherlands, which together accounted for a further 22%.

Taiwan (Chinese), with a CAGR of +5.0%, 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 oxygen-function amino-compound import price stood at $X per ton in 2021, which is down by -9% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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