Hong Kong SAR, China: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Hong Kong SAR, China

In 2022, the Hong Kong prepared additives for cements market increased by 20% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed prominent growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Hong Kong SAR, China

In 2022, overseas shipments of prepared additives for cements, mortars or concretes decreased by -28.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a pronounced slump. The growth pace was the most rapid in 2014 when exports increased by 166%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared additives for cements exports fell sharply to $X in 2022. Overall, exports saw a mild descent. The pace of growth was the most pronounced in 2013 with an increase of 84%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for prepared additives for cements exports from Hong Kong SAR, accounting for a 85% share of total exports. Moreover, prepared additives for cements exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.8% per year) and Singapore (-5.5% per year).

In value terms, Macao SAR ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Hong Kong SAR, comprising 65% of total exports. The second position in the ranking was held by Singapore ($X), with a 17% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-0.5% per year) and China (-0.5% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements export price increased by +23.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 132%. Over the period under review, the average export prices hit record highs 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 Singapore ($X per ton), while the average price for exports to Macao SAR ($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 China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Hong Kong SAR, China

In 2022, the amount of prepared additives for cements, mortars or concretes imported into Hong Kong SAR surged to X tons, growing by 19% against 2021. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 135%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports expanded sharply to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 38% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of prepared additives for cements to Hong Kong SAR, accounting for a 82% share of total imports. Moreover, prepared additives for cements imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+57.7% per year) and South Korea (+8.9% per year).

In value terms, China ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Hong Kong SAR, comprising 59% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.4% share of total imports. It was followed by South Korea, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.4% per year) and South Korea (+0.9% per year).

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, dropping by -8% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for China ($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) (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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