Report Update Nov 1, 2024

Hong Kong SAR, China - Tall Oil - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Tall Oil Market 2024

Tall Oil Market Size in Hong Kong SAR, China

The Hong Kong tall oil market expanded sharply to $X in 2021, with an increase of 5% against the previous year. Over the period under review, consumption, however, saw a noticeable reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Tall Oil Production in Hong Kong SAR, China

In value terms, tall oil production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Tall Oil Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of tall oil decreased by -16% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2013 with an increase of 351%. 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, tall oil exports contracted to $X in 2021. Over the period under review, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of 296% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for tall oil exports from Hong Kong SAR, accounting for a 80% share of total exports. Moreover, tall oil exports to Russia 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 Russia totaled +422.5%.

In value terms, Russia ($X) emerged as the key foreign market for tall oil exports from Hong Kong SAR, comprising 77% of total exports. The second position in the ranking was held by China ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +557.0%.

Export Prices by Country

In 2021, the average tall oil export price amounted to $X per ton, increasing by 7.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+25.7%).

Tall Oil Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of tall oil decreased by -7.7% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 278% against the previous year. 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, tall oil imports shrank to $X in 2021. Overall, imports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 257%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of tall oil imports to Hong Kong SAR, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +34.5%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of tall oil to Hong Kong SAR, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.5% per year) and Singapore (+18.1% per year).

Import Prices by Country

The average tall oil import price stood at $X per ton in 2021, with an increase of 3.5% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 3.5%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United States ($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 (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tall oil in the world?

The countries with the highest volumes of tall oil consumption in 2021 were China, the United States and India, together accounting for 48% of global consumption. Japan, Germany, Russia, Nigeria, Brazil, the UK, Canada and Turkey lagged somewhat behind, together comprising a further 27%.

What are the largest producers of tall oil in the world?

The countries with the highest volumes of tall oil production in 2021 were China, the United States and India, together accounting for 48% of global production. These countries were followed by Japan, Russia, Germany, Brazil, Nigeria, the UK, Canada and Turkey, which together accounted for a further 27%.

What are the leading suppliers of tall oil to Hong Kong SAR, China?

In value terms, the United States constituted the largest supplier of tall oil to Hong Kong SAR, comprising 71% of total imports. The second position in the ranking was occupied by Singapore, with a 29% share of total imports.

What are the leading importers of tall oil from Hong Kong SAR, China?

In value terms, China remains the key foreign market for tall oil exports from Hong Kong SAR.

What is the average export price for tall oil in Hong Kong SAR, China?

The average tall oil export price stood at $2,155 per ton in 2021, increasing by 3.3% against the previous year.

What is the average import price for tall oil in Hong Kong SAR, China?

In 2021, the average tall oil import price amounted to $1,444 per ton, flattening at the previous year.

This report provides an in-depth analysis of the tall oil 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 20147130 - Tall oil, whether or not refined

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