Report Update Nov 1, 2024

Hong Kong SAR, China - Phosphates of Mono- or Di-Sodium - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Hong Kong SAR, China

In 2021, the Hong Kong sodium phosphates market increased by 133% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption enjoyed a measured expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Sodium Phosphates Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of phosphates of mono- or di-sodium were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sodium phosphates exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for sodium phosphates exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -13.5%.

In value terms, China ($X) also remains the key foreign market for phosphates of mono- or di-sodium exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China totaled -9.0%.

Export Prices by Country

The average sodium phosphates export price stood at $X per ton in 2021, declining by -64.7% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2014 an increase of 265%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for Macao SAR amounted to +19.6% per year.

Sodium Phosphates Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of phosphates of mono- or di-sodium were finally on the rise to reach X tons after three years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 723%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, sodium phosphates imports surged to $X in 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 600% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of sodium phosphates to Hong Kong SAR, accounting for a 87% share of total imports. Moreover, sodium phosphates imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +164.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.9% per year) and Germany (-21.3% per year).

In value terms, Japan ($X) constituted the largest supplier of phosphates of mono- or di-sodium to Hong Kong SAR, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +154.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.8% per year) and Germany (-29.2% per year).

Import Prices by Country

In 2021, the average sodium phosphates import price amounted to $X per ton, which is down by -35% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phosphates of mono- or di-sodium in the world?

The countries with the highest volumes of sodium phosphates consumption in 2021 were Sweden, the United States and Kenya, with a combined 33% share of global consumption.

What are the largest producers of phosphates of mono- or di-sodium in the world?

The country with the largest volume of sodium phosphates production was China, accounting for 52% of total volume. Moreover, sodium phosphates production in China exceeded the figures recorded by the second-largest producer, Sweden, threefold. Germany ranked third in terms of total production with a 15% share.

What are the leading suppliers of phosphates of mono- or di-sodium to Hong Kong SAR, China?

In value terms, Japan constituted the largest supplier of sodium phosphates to Hong Kong SAR, comprising 77% of total imports. The second position in the ranking was occupied by China, with a 17% share of total imports. It was followed by the UK, with a 3.8% share.

What is the average export price for phosphates of mono- or di-sodium in Hong Kong SAR, China?

In 2021, the average sodium phosphates export price amounted to $1,978 per ton, falling by -84.5% against the previous year.

What is the average import price for phosphates of mono- or di-sodium in Hong Kong SAR, China?

In 2021, the average sodium phosphates import price amounted to $5,787 per ton, which is down by -35.2% against the previous year.

This report provides an in-depth analysis of the sodium phosphates market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134230 - Phosphates of mono- or di-sodium

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023