Report Update Nov 1, 2024

Hong Kong SAR, China - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Silver Nitrate Market 2024

Silver Nitrate Market Size in Hong Kong SAR, China

The Hong Kong silver nitrate market soared to $X in 2021, increasing by 21% against the previous year. Overall, consumption, however, showed a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Silver Nitrate Production in Hong Kong SAR, China

In value terms, silver nitrate production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49%. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Silver Nitrate Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of silver nitrate were finally on the rise to reach X kg for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 262% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, silver nitrate exports surged to $X in 2021. Over the period under review, exports, however, faced a deep setback. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for silver nitrate exports from Hong Kong SAR, with a 79% share of total exports. Moreover, silver nitrate exports to Singapore exceeded the volume sent to the second major destination, China (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +30.9%.

In value terms, Singapore ($X) remains the key foreign market for silver nitrate exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +29.4%.

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2021, increasing by 8.2% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 180% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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 China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.2%), while the prices for the other major destinations experienced a decline.

Silver Nitrate Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of silver nitrate increased by 119% to X kg for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a abrupt setback. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, silver nitrate imports soared to $X in 2021. Overall, imports, however, continue to indicate a drastic downturn. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X kg) was the main supplier of silver nitrate to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +3.0%.

In value terms, the UK ($X) constituted the largest supplier of silver nitrate to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from the UK was relatively modest.

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, jumping by 34% against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 124% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -3.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver nitrate in the world?

The countries with the highest volumes of silver nitrate consumption in 2021 were the Netherlands, Germany and South Africa, with a combined 41% share of global consumption. France, the Czech Republic, Poland, Italy, Spain, Canada, Turkey, Brazil, India and Saudi Arabia lagged somewhat behind, together comprising a further 46%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of silver nitrate production in 2021 were the UK, Germany and Belgium, with a combined 64% share of global production. These countries were followed by South Africa, the United States, France, Italy and Brazil, which together accounted for a further 27%.

What are the leading suppliers of silver nitrate to Hong Kong SAR, China?

In value terms, the UK constituted the largest supplier of silver nitrate to Hong Kong SAR.

What are the leading importers of silver nitrate from Hong Kong SAR, China?

In value terms, Singapore remains the key foreign market for silver nitrate exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was occupied by China, with a 10% share of total exports.

What is the average export price for silver nitrate in Hong Kong SAR, China?

The average silver nitrate export price stood at $494,153 per ton in 2021, rising by 8.2% against the previous year.

What is the average import price for silver nitrate in Hong Kong SAR, China?

The average silver nitrate import price stood at $263,986 per ton in 2021, with a decrease of -15.2% against the previous year.

This report provides an in-depth analysis of the silver nitrate market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20135183 - Silver nitrate

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023