Hong Kong SAR, China: Salicylic Acid Market 2025

Salicylic Acid Market Size in Hong Kong SAR, China

The Hong Kong salicylic acid market declined to $X in 2021, reducing by -10.5% against the previous year. Over the period under review, consumption showed a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 9.3% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Salicylic Acid Production in Hong Kong SAR, China

In value terms, salicylic acid production fell sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep contraction. The growth pace was the most rapid in 2014 when the production volume increased by 78%. Salicylic acid production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Salicylic Acid Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of salicylic acid and its salts increased by 193% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports posted strong growth. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, salicylic acid exports surged to $X in 2021. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) and China (X tons) were the main destinations of salicylic acid exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +266,566.7%).

In value terms, the largest markets for salicylic acid exported from Hong Kong SAR were China ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +177,841.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2021, rising by 8.7% against the previous year. In general, the export price recorded a perceptible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 110%. The export price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Salicylic Acid Imports

Imports into Hong Kong SAR, China

In 2021, the amount of salicylic acid and its salts imported into Hong Kong SAR plummeted to X tons, shrinking by -15.7% compared with the year before. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 83%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, salicylic acid imports dropped markedly to $X in 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and France (X tons) were the main suppliers of salicylic acid imports to Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of -6.8%).

In value terms, France ($X) and China ($X) constituted the largest salicylic acid suppliers to Hong Kong SAR.

France, with a CAGR of +0.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, with a decrease of -2% against the previous year. In general, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 48%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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