Sulphates; of Aluminium Price in Hong Kong SAR - 2023
Contents:
- Sulphates; of Aluminium Price in Hong Kong SAR (CIF) - 2022
- Sulphates; of Aluminium Price in Hong Kong SAR (FOB) - 2022
- Sulphates; of Aluminium Imports in Hong Kong SAR
- Sulphates; of Aluminium Exports in Hong Kong SAR
Sulphates; of Aluminium Price in Hong Kong SAR (CIF) - 2022
The average sulphates; of aluminium import price stood at $153 per ton in 2022, increasing by 1.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 2.4%. Over the period under review, average import prices hit record highs at $161 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.5% per year.
Sulphates; of Aluminium Price in Hong Kong SAR (FOB) - 2022
In 2022, the average sulphates; of aluminium export price amounted to $5,239 per ton, with an increase of 485% against the previous year. In general, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +15.5% per year.
Sulphates; of Aluminium Imports in Hong Kong SAR
In 2022, supplies from abroad of sulphates; of aluminia decreased by -0.5% to 19K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of aluminium imports amounted to $2.9M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sulphates; of Aluminium in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 3.0 | 2.9 | 2.9 | 2.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.7 | 3.1 | 2.9 | 2.9 | 2.4% |
Top Suppliers of Sulphates; of Aluminium to Hong Kong SAR in 2022:
- China (19.0K tons)
Sulphates; of Aluminium Exports in Hong Kong SAR
In 2022, approx. 10 tons of sulphates; of aluminia were exported from Hong Kong SAR; reducing by -89.7% against the year before. Overall, exports recorded a dramatic descent. The smallest decline of -35.2% was in 2021.
In value terms, sulphates; of aluminium exports declined rapidly to $52K in 2022. Over the period under review, exports recorded a sharp contraction. The smallest decline of -17.6% was in 2021.
| Export of Sulphates; of Aluminium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 28.9 | 41.0 | 52.4 | 34.7% |
| China | 131 | 3.6 | 6.8 | N/A | -77.2% |
| Papua New Guinea | N/A | N/A | 39.3 | N/A | 0% |
| Philippines | N/A | 73.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 131 | 106 | 87.1 | 52.4 | -26.3% |
Top Export Markets for Sulphates; of Aluminium from Hong Kong SAR in 2022:
- South Korea (10.0 tons)
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