Hong Kong SAR, China: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Hong Kong SAR, China

In 2022, the Hong Kong barium or aluminium sulphates market decreased by -6.6% to $X, falling for the second year in a row after four years of growth. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.9% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Hong Kong SAR, China

In 2022, barium or aluminium sulphates exports from Hong Kong SAR contracted markedly to X tons, dropping by -68.4% on the previous year. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 133%. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, barium or aluminium sulphates exports fell sharply to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 285% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

China (X tons) was the main destination for barium or aluminium sulphates exports from Hong Kong SAR, accounting for a 97% share of total exports. It was followed by South Korea (X tons), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled -5.3%.

In value terms, China ($X) remains the key foreign market for sulphates of barium or aluminium exports from Hong Kong SAR, comprising 97% of total exports. The second position in the ranking was taken by South Korea ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at +4.8%.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, picking up by 119% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Sulphates Of Barium Or Aluminium

Imports into Hong Kong SAR, China

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -4.5% to X tons, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 20%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports shrank to $X in 2022. Overall, imports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2018 when imports increased by 43%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of barium or aluminium sulphates to Hong Kong SAR, with a 98% share of total imports. It was followed by Japan (X tons), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +1.4%.

In value terms, China ($X) and Japan ($X) appeared to be the largest barium or aluminium sulphates suppliers to Hong Kong SAR.

Among the main suppliers, Japan, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, dropping by -8.1% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates import price increased by +6.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.2%).

Source: IndexBox Platform

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