Hong Kong SAR, China: Market for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms 2024

Market Size for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Hong Kong SAR, China

The Hong Kong market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms surged to $X in 2022, rising by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Hong Kong SAR, China

In value terms, production of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Exports from Hong Kong SAR, China

In 2022, approx. X tons of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms were exported from Hong Kong SAR; waning by X% compared with 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms declined rapidly to $X in 2022. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Hong Kong SAR, accounting for a X% share of total exports. Moreover, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to China exceeded the volume sent to the second major destination, Vietnam (X tons), tenfold.

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

In value terms, China ($X) remains the key foreign market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% 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 years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%).

Imports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Imports into Hong Kong SAR, China

In 2022, purchases abroad of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms reduced markedly to $X in 2022. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Japan (X tons), China (X tons) and Belgium (X tons) were the main suppliers of imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest vinyl chloride-vinyl acetate and other vinyl chloride copolymers suppliers to Hong Kong SAR were Japan ($X), China ($X) and Belgium ($X), together comprising X% of total imports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform