Hong Kong SAR, China: Sulphonamides Market 2024

Sulphonamides Market Size in Hong Kong SAR, China

The Hong Kong sulphonamides market totaled $X in 2021, increasing by 2.4% against the previous year. Overall, consumption, however, showed a abrupt decline. Sulphonamides consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sulphonamides Production in Hong Kong SAR, China

In value terms, sulphonamides production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 37% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Sulphonamides Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded growth in overseas shipments of sulphonamides, which increased by 75% to X tons in 2021. In general, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by 423% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, sulphonamides exports skyrocketed to $X in 2021. Overall, exports, however, showed a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 467% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for sulphonamides exports from Hong Kong SAR, with a 83% share of total exports. Moreover, sulphonamides exports to China exceeded the volume sent to the second major destination, Pakistan (X tons), sevenfold. Taiwan (Chinese) (X kg) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+245.3% per year) and Taiwan (Chinese) (+19.6% per year).

In value terms, Pakistan ($X) remains the key foreign market for sulphonamides exports from Hong Kong SAR, comprising 70% of total exports. The second position in the ranking was taken by China ($X), with a 23% share of total exports. It was followed by Indonesia, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan stood at +221.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+16.6% per year) and Indonesia (-22.1% per year).

Export Prices by Country

The average sulphonamides export price stood at $X per ton in 2021, declining by -9.5% against the previous year. Over the period under review, the export price continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 240%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphonamides Imports

Imports into Hong Kong SAR, China

In 2021, imports of sulphonamides into Hong Kong SAR skyrocketed to X tons, with an increase of 86% on the year before. In general, imports, however, recorded a abrupt descent. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sulphonamides imports soared to $X in 2021. Overall, imports, however, saw a sharp reduction. The growth pace was the most rapid in 2015 when imports increased by 71%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest sulphonamides supplier to Hong Kong SAR, with a 50% share of total imports. Moreover, sulphonamides imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.0% per year) and India (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of sulphonamides to Hong Kong SAR, comprising 82% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.2% share of total imports. It was followed by India, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+19.9% per year) and India (-9.3% per year).

Import Prices by Country

In 2021, the average sulphonamides import price amounted to $X per ton, falling by -14.6% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 120%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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