Hong Kong SAR, China: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Hong Kong SAR, China

After three years of decline, the Hong Kong rosin and resin acids market increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Rosin And Resin Acids And Derivatives in Hong Kong SAR, China

In value terms, rosin and resin acids production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Hong Kong SAR, China

In 2022, overseas shipments of rosin and resin acids and derivatives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, rosin and resin acids exports declined markedly to $X in 2022. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for rosin and resin acids exports from Hong Kong SAR, with a X% share of total exports. Moreover, rosin and resin acids exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

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

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Rosin And Resin Acids And Derivatives

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of rosin and resin acids and derivatives decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, rosin and resin acids imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of rosin and resin acids imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest rosin and resin acids suppliers to Hong Kong SAR were Japan ($X), Taiwan (Chinese) ($X) and China ($X), together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average rosin and resin acids import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded buoyant growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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