Hong Kong SAR, China: Peroxosulphates Market 2024

Peroxosulphates Market Size in Hong Kong SAR, China

In 2021, the Hong Kong peroxosulphates market increased by 13% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Peroxosulphates consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Peroxosulphates Production in Hong Kong SAR, China

In value terms, peroxosulphates production stood at $X in 2021 estimated in export price. In general, production showed a dramatic curtailment. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Peroxosulphates Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of peroxosulphates (persulphates) decreased by -26.6% to X tons, falling for the sixth year in a row after four years of growth. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, peroxosulphates exports declined to $X in 2021. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 35% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), China (X tons) and Japan (X tons) were the main destinations of peroxosulphates exports from Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +2.0%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), China ($X) and Indonesia ($X) constituted the largest markets for peroxosulphates exported from Hong Kong SAR worldwide.

Among the main countries of destination, Indonesia, with a CAGR of +4.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average peroxosulphates export price stood at $X per ton in 2021, rising by 18% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($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 Indonesia (+2.0%).

Peroxosulphates Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of peroxosulphates (persulphates) were imported into Hong Kong SAR; which is down by -17.8% compared with the year before. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 152%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, peroxosulphates imports contracted remarkably to $X in 2021. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 174% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest peroxosulphates supplier to Hong Kong SAR, accounting for a 66% share of total imports. Moreover, peroxosulphates imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-17.4% per year) and the United States (+14.8% per year).

In value terms, China ($X) constituted the largest supplier of peroxosulphates to Hong Kong SAR, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.2% per year) and Japan (-16.1% per year).

Import Prices by Country

The average peroxosulphates import price stood at $X per ton in 2021, waning by -12.6% against the previous year. Over the last nine years, it increased at an average annual rate of +4.9%. The pace of growth was the most pronounced in 2013 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Japan ($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 United States (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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