Report Update Nov 1, 2024

Hong Kong SAR, China - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Hong Kong SAR, China

The Hong Kong phosphoric acid market skyrocketed to $X in 2022, jumping by 162% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas shipments of phosphoric acid and polyphosphoric acids, when their volume decreased by -9.4% to X tons. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 175% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphoric acid exports shrank to $X in 2022. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 45% 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 remained at a lower figure.

Exports by Country

China (X tons) was the main destination for phosphoric acid exports from Hong Kong SAR, accounting for a 97% share of total exports. It was followed by Belgium (X kg), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +7.0%.

In value terms, China ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was taken by Belgium ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -9.8%.

Export Prices by Country

In 2022, the average phosphoric acid export price amounted to $X per ton, with a decrease of -3.8% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 73%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Phosphoric Acid Imports

Imports into Hong Kong SAR, China

In 2022, the amount of phosphoric acid and polyphosphoric acids imported into Hong Kong SAR soared to X tons, picking up by 175% against 2021 figures. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest phosphoric acid supplier to Hong Kong SAR, with a 68% share of total imports. Moreover, phosphoric acid imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Singapore (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +282.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Singapore (0.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Hong Kong SAR, comprising 66% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by the United States, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +169.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and the United States (+4.1% per year).

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, waning by -13.6% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+51.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phosphoric acid and polyphosphoric acids in the world?

The countries with the highest volumes of in 2021 were India, Russia and China, with a combined 65% share of global consumption.

What are the largest producers of phosphoric acid and polyphosphoric acids in the world?

The countries with the highest volumes of in 2021 were China, Russia and Morocco, with a combined 68% share of global production. The United States, Jordan, Japan, Senegal, Egypt and Mexico lagged somewhat behind, together accounting for a further 17%.

What are the leading suppliers of phosphoric acid and polyphosphoric acids to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of phosphoric acid to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was occupied by the United States, with an 11% share of total imports.

What are the leading importers of phosphoric acid and polyphosphoric acids from Hong Kong SAR, China?

In value terms, China remains the key foreign market for phosphoric acid exports from Hong Kong SAR.

What is the average export price for phosphoric acid and polyphosphoric acids in Hong Kong SAR, China?

In 2021, the average phosphoric acid export price amounted to $1,373 per ton, reducing by -63.5% against the previous year.

What is the average import price for phosphoric acid and polyphosphoric acids in Hong Kong SAR, China?

The average phosphoric acid import price stood at $1,730 per ton in 2021, increasing by 28% against the previous year.

This report provides an in-depth analysis of the phosphoric acid 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 20132455 - Phosphoric acid and polyphosphoric acids

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
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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