Borates; Peroxoborates (Perborates) Price in Hong Kong SAR - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in Hong Kong SAR (FOB) - 2022
- Borates; Peroxoborates (Perborates) Price in Hong Kong SAR (CIF) - 2022
- Borates; Peroxoborates (Perborates) Exports in Hong Kong SAR
- Borates; Peroxoborates (Perborates) Imports in Hong Kong SAR
Borates; Peroxoborates (Perborates) Price in Hong Kong SAR (FOB) - 2022
In 2022, the average borates; peroxoborates (perborates) export price amounted to $1,204 per ton, reducing by -50.9% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2016 an increase of 47%. Over the period under review, the average export prices hit record highs at $3,581 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,978 per ton), while the average price for exports to Indonesia totaled $935 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.5%).
Borates; Peroxoborates (Perborates) Price in Hong Kong SAR (CIF) - 2022
In 2022, the average borates; peroxoborates (perborates) import price amounted to $1,021 per ton, almost unchanged from the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 66%. Over the period under review, average import prices reached the maximum at $7,171 per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($4,482 per ton), while the price for China ($683 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced a decline.
Borates; Peroxoborates (Perborates) Exports in Hong Kong SAR
Borates; peroxoborates (perborates) exports from Hong Kong SAR surged to 101 tons in 2022, rising by 99% against 2021. In general, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 193%.
In value terms, borates; peroxoborates (perborates) exports dropped modestly to $122K in 2022. Overall, exports, however, faced a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 165% against the previous year.
| Export of Borates; Peroxoborates (Perborates) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 71.8 | 0% |
| China | 394 | 47.3 | 120 | 48.0 | -50.4% |
| Others | N/A | N/A | 5.6 | 2.3 | -58.9% |
| Total | 394 | 47.3 | 125 | 122 | -32.3% |
Top Export Markets for Borates; Peroxoborates (Perborates) from Hong Kong SAR in 2022:
- Indonesia (76.8 tons)
- China (24.3 tons)
Borates; Peroxoborates (Perborates) Imports in Hong Kong SAR
Borates; peroxoborates (perborates) imports into Hong Kong SAR soared to 241 tons in 2022, growing by 102% compared with 2021. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 687%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, borates; peroxoborates (perborates) imports skyrocketed to $246K in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 325%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Borates; Peroxoborates (Perborates) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 180 | 0% |
| Taiwan (Chinese) | 32.6 | 12.1 | 44.2 | 26.9 | -6.2% |
| China | 13.0 | 16.2 | 71.4 | 25.2 | 24.7% |
| Macao SAR | N/A | N/A | N/A | 14.3 | 0% |
| Japan | 20.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 4.4 | N/A | 0% |
| Total | 66.1 | 28.2 | 120 | 246 | 55.0% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Hong Kong SAR in 2022:
- Indonesia (192.0 tons)
- China (36.9 tons)
- Taiwan (Chinese) (6.0 tons)
- Macao SAR (6.0 tons)
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