Hong Kong SAR, China - Caustic Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaustic Soda Price in Hong Kong SAR - 2023
Contents:
- Caustic Soda Price in Hong Kong SAR (CIF) - 2023
- Caustic Soda Price in Hong Kong SAR (FOB) - 2023
- Caustic Soda Imports in Hong Kong SAR
- Caustic Soda Exports in Hong Kong SAR
Caustic Soda Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average caustic soda import price amounted to $535 per ton, declining by -14.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 27% month-to-month. Over the period under review, average import prices reached the maximum at $627 per ton in May 2023, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Saudi Arabia ($893 per ton), while the price for China ($248 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Caustic Soda Price in Hong Kong SAR (FOB) - 2023
The average caustic soda export price stood at $788 per ton in June 2023, with a decrease of -4.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average export price increased by 317% month-to-month. As a result, the export price attained the peak level of $3,528 per ton. From November 2022 to June 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the country with the highest price was Macao SAR ($1,105 per ton), while the average price for exports to China stood at $783 per ton.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (0.0%), while the prices for the other major destinations experienced a decline.
Caustic Soda Imports in Hong Kong SAR
In 2022, the amount of caustic soda imported into Hong Kong SAR reduced sharply to 6.6K tons, which is down by -19.5% compared with the year before. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 1.7%.
In value terms, caustic soda imports surged to $3.9M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Caustic Soda in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,143 | 889 | 1,014 | 1,431 | 7.8% |
| Japan | 850 | 1,166 | 807 | 977 | 4.8% |
| China | 1,167 | 941 | 986 | 941 | -6.9% |
| Thailand | 42.6 | 98.6 | 83.7 | 160 | 55.4% |
| Malaysia | 99.4 | 149 | 83.3 | 70.6 | -10.8% |
| Macao SAR | N/A | N/A | N/A | 40.4 | 0% |
| Others | 202 | 137 | 258 | 265 | 9.5% |
| Total | 3,505 | 3,381 | 3,231 | 3,885 | 3.5% |
Top Suppliers of Caustic Soda to Hong Kong SAR in 2022:
- China (2751.6 tons)
- Taiwan (Chinese) (2003.8 tons)
- Japan (1316.3 tons)
- Thailand (192.0 tons)
- Malaysia (120.0 tons)
- Macao SAR (115.0 tons)
Caustic Soda Exports in Hong Kong SAR
In 2022, approx. 1.7K tons of caustic soda were exported from Hong Kong SAR; with an increase of 22% against the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, caustic soda exports skyrocketed to $1.4M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Caustic Soda in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.7 | 84.7 | 50.2 | 1,229 | 162.8% |
| Macao SAR | N/A | N/A | N/A | 132 | 0% |
| Tanzania | N/A | 147 | N/A | 15.0 | -68.1% |
| Benin | N/A | 146 | 13.3 | N/A | -90.9% |
| Cote d'Ivoire | 93.6 | 20.6 | 2.4 | N/A | -84.0% |
| Mozambique | 206 | 24.1 | 6.8 | N/A | -81.8% |
| Vietnam | 103 | 32.4 | N/A | N/A | -68.5% |
| Zimbabwe | 84.2 | 23.1 | N/A | N/A | -72.6% |
| Gambia | 21.8 | 40.2 | 5.2 | N/A | -51.2% |
| Madagascar | 62.4 | N/A | N/A | N/A | 0% |
| Brazil | 66.2 | N/A | 872 | N/A | 262.9% |
| Others | 551 | 693 | 165 | 6.3 | -77.5% |
| Total | 1,256 | 1,211 | 1,114 | 1,382 | 3.2% |
Top Export Markets for Caustic Soda from Hong Kong SAR in 2022:
- China (1402.0 tons)
- Macao SAR (310.6 tons)
- Tanzania (9.9 tons)
This report provides an in-depth analysis of the caustic soda market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132525 - Sodium hydroxide (caustic soda), solid
- Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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