Hong Kong SAR, China: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Hong Kong SAR, China

In 2021, the Hong Kong trichloroethylene and tetrachloroethylene market increased by 187% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, faced a abrupt setback. Trichloroethylene and tetrachloroethylene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Trichloroethylene And Tetrachloroethylene Exports

Exports from Hong Kong SAR, China

In 2021, the amount of trichloroethylene and tetrachloroethylene (perchloroethylene) exported from Hong Kong SAR skyrocketed to X tons, increasing by 199% compared with 2020 figures. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, trichloroethylene and tetrachloroethylene exports skyrocketed to $X in 2021. Overall, exports saw a perceptible expansion. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for trichloroethylene and tetrachloroethylene exports from Hong Kong SAR, with a 56% share of total exports. Moreover, trichloroethylene and tetrachloroethylene exports to Thailand exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+11.1% per year) and Indonesia (+6.6% per year).

In value terms, Thailand ($X), Macao SAR ($X) and Indonesia ($X) constituted the largest markets for trichloroethylene and tetrachloroethylene exported from Hong Kong SAR worldwide, with a combined 88% share of total exports. These countries were followed by Iran and Cambodia, which together accounted for a further 12%.

Among the main countries of destination, Cambodia, with a CAGR of +28.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average trichloroethylene and tetrachloroethylene export price stood at $X per ton in 2021, shrinking by -22.9% against the previous year. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Thailand ($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 Indonesia (+0.4%), while the prices for the other major destinations experienced a decline.

Trichloroethylene And Tetrachloroethylene Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a deep downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. In general, imports, however, saw a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest trichloroethylene and tetrachloroethylene supplier to Hong Kong SAR, accounting for a 50% share of total imports. Moreover, trichloroethylene and tetrachloroethylene imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.2% per year) and Germany (-13.0% per year).

In value terms, the largest trichloroethylene and tetrachloroethylene suppliers to Hong Kong SAR were Japan ($X), Germany ($X) and China ($X), with a combined 95% share of total imports.

In terms of the main suppliers, China, with a CAGR of +7.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene import price amounted to $X per ton, shrinking by -20% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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