Hong Kong SAR, China: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Hong Kong SAR, China

The Hong Kong phosphorus, arsenic and selenium market dropped slightly to $X in 2021, which is down by -1.6% against the previous year. Over the period under review, consumption continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Phosphorus, Arsenic And Selenium in Hong Kong SAR, China

In value terms, phosphorus, arsenic and selenium production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Phosphorus, Arsenic And Selenium

Exports from Hong Kong SAR, China

In 2021, the amount of phosphorus, arsenic and selenium exported from Hong Kong SAR fell to X tons, waning by -8.9% against 2020. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 302%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium exports shrank markedly to $X in 2021. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 191% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for phosphorus, arsenic and selenium exports from Hong Kong SAR, with a 77% share of total exports. Moreover, phosphorus, arsenic and selenium exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.8% per year) and Belgium (+6.8% per year).

In value terms, China ($X) remains the key foreign market for phosphorus, arsenic and selenium exports from Hong Kong SAR, comprising 68% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by the United States, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.9% per year) and the United States (+9.2% per year).

Export Prices by Country

The average phosphorus, arsenic and selenium export price stood at $X per ton in 2021, falling by -20.2% against the previous year. Overall, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 when the average export price increased by 69%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 Switzerland (+3,863.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphorus, Arsenic And Selenium

Imports into Hong Kong SAR, China

In 2021, imports of phosphorus, arsenic and selenium into Hong Kong SAR declined to X tons, shrinking by -13.7% against 2020. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 90% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, phosphorus, arsenic and selenium imports dropped remarkably to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Canada (X tons) and South Korea (X tons) were the main suppliers of phosphorus, arsenic and selenium imports to Hong Kong SAR, with a combined 59% share of total imports. These countries were followed by the United States, Japan, Norway, Chile, Sweden and Finland, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +236.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Canada ($X) constituted the largest phosphorus, arsenic and selenium suppliers to Hong Kong SAR, together comprising 79% of total imports. South Korea, Japan, Norway, Chile, Sweden and Finland lagged somewhat behind, together accounting for a further 18%.

Sweden, with a CAGR of +120.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average phosphorus, arsenic and selenium import price amounted to $X per ton, shrinking by -1.9% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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