Hong Kong SAR, China: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in Hong Kong SAR, China

In 2022, the Hong Kong unsaturated monohydric alcohols market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption saw a perceptible setback. Unsaturated monohydric alcohols consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Unsaturated Monohydric Alcohols Production in Hong Kong SAR, China

In value terms, unsaturated monohydric alcohols production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Unsaturated Monohydric Alcohols Exports

Exports from Hong Kong SAR, China

After three years of decline, shipments abroad of unsaturated monohydric alcohols increased by X% to X tons in 2022. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unsaturated monohydric alcohols exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for unsaturated monohydric alcohols exports from Hong Kong SAR, accounting for a X% share of total exports. It was followed by Taiwan (Chinese) (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%.

In value terms, China ($X) remains the key foreign market for unsaturated monohydric alcohols exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%.

Export Prices by Country

The average unsaturated monohydric alcohols export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X,000 per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Monohydric Alcohols Imports

Imports into Hong Kong SAR, China

Unsaturated monohydric alcohols imports into Hong Kong SAR contracted dramatically to X tons in 2022, declining by X% on the previous year. In general, imports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, unsaturated monohydric alcohols imports contracted sharply to $X in 2022. Over the period under review, imports, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest unsaturated monohydric alcohols supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, unsaturated monohydric alcohols imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of unsaturated monohydric alcohols to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average unsaturated monohydric alcohols import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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