Hong Kong SAR, China: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Hong Kong SAR, China

The Hong Kong phosphinates and phosphonates market skyrocketed to $X in 2022, growing by 27% against the previous year. Over the period under review, consumption recorded pronounced growth. Phosphinates and phosphonates consumption peaked in 2022 and is expected to retain growth in the near future.

Phosphinates And Phosphonates Production in Hong Kong SAR, China

In value terms, phosphinates and phosphonates production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 82%. Phosphinates and phosphonates production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Hong Kong SAR, China

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported from Hong Kong SAR shrank rapidly to X tons, which is down by -41.3% compared with 2021. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 220% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports dropped remarkably to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 94% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for phosphinates and phosphonates exports from Hong Kong SAR, accounting for a 94% share of total exports. It was followed by Malaysia (X tons), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-5.4% per year) and India (+12.4% per year).

In value terms, China ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Hong Kong SAR, comprising 93% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.6% per year) and India (+11.6% per year).

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, rising by 25% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 49%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($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 South Korea (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Hong Kong SAR, China

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) imported into Hong Kong SAR dropped rapidly to X tons, declining by -30.9% on the previous year. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 147%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports shrank remarkably to $X in 2022. In general, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 127% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Germany (X tons) were the main suppliers of phosphinates and phosphonates imports to Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +11.7%).

In value terms, Germany ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +13.2%.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, rising by 6.4% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 44%. The import price peaked in 2022 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 Germany ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%).

Source: IndexBox Platform

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