Hong Kong SAR, China: Polycarbonate Market 2024

Polycarbonate Market Size in Hong Kong SAR, China

The Hong Kong polycarbonate market skyrocketed to $X in 2022, surging by 56% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polycarbonate Production in Hong Kong SAR, China

In value terms, polycarbonate production expanded notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 985% against the previous year. Polycarbonate production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Polycarbonate Exports

Exports from Hong Kong SAR, China

Polycarbonate exports from Hong Kong SAR dropped significantly to X tons in 2022, falling by -45.6% compared with the year before. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 12%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, polycarbonate exports fell markedly to $X in 2022. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for polycarbonate exports from Hong Kong SAR, with a 85% share of total exports. Moreover, polycarbonate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+8.7% per year) and Malaysia (+7.5% per year).

In value terms, China ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 4% share of total exports. It was followed by Vietnam, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+15.4% per year) and Vietnam (+7.8% per year).

Export Prices by Country

In 2022, the average polycarbonate export price amounted to $X per ton, increasing by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea ($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 Malaysia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Hong Kong SAR, China

In 2022, imports of polycarbonates (in primary forms) into Hong Kong SAR shrank dramatically to X tons, declining by -47.2% compared with the year before. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.2% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polycarbonate imports contracted rapidly to $X in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polycarbonate to Hong Kong SAR, with a 36% share of total imports. Moreover, polycarbonate imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.4% per year) and Taiwan (Chinese) (-12.5% per year).

In value terms, China ($X) constituted the largest supplier of polycarbonates (in primary forms) to Hong Kong SAR, comprising 41% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.4% per year) and Taiwan (Chinese) (-10.5% per year).

Import Prices by Country

In 2022, the average polycarbonate import price amounted to $X per ton, picking up by 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 24%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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