Chlorides; of Aluminium Price in Hong Kong SAR - 2023

Contents:

  1. Chlorides; of Aluminium Price in Hong Kong SAR (CIF) - 2022
  2. Chlorides; of Aluminium Price in Hong Kong SAR (FOB) - 2022
  3. Chlorides; of Aluminium Imports in Hong Kong SAR
  4. Chlorides; of Aluminium Exports in Hong Kong SAR

Chlorides; of Aluminium Price in Hong Kong SAR (CIF) - 2022

The average chlorides; of aluminium import price stood at $377 per ton in 2022, picking up by 9.4% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of aluminium import price decreased by -28.6% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 53% against the previous year. As a result, import price attained the peak level of $528 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 +6.2% per year.

Chlorides; of Aluminium Price in Hong Kong SAR (FOB) - 2022

In 2022, the average chlorides; of aluminium export price amounted to $673 per ton, declining by -3.2% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of aluminium export price increased by +28.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $695 per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,872 per ton), while the average price for exports to Tanzania ($377 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Aluminium Imports in Hong Kong SAR

In 2022, the amount of chlorides; of aluminia imported into Hong Kong SAR surged to 831 tons, with an increase of 69% against the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of aluminium imports skyrocketed to $313K in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Aluminium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17829816931020.3%
Others2.8N/AN/A3.02.3%
Total18129816931320.0%

Top Suppliers of Chlorides; of Aluminium to Hong Kong SAR in 2022:

  1. China (829.0 tons)

Chlorides; of Aluminium Exports in Hong Kong SAR

Chlorides; of aluminium exports from Hong Kong SAR declined remarkably to 982 tons in 2022, shrinking by -35.1% compared with 2021 figures. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 235%. As a result, the exports reached the peak of 1.5K tons, and then contracted dramatically in the following year.

In value terms, chlorides; of aluminium exports contracted significantly to $660K in 2022. Over the period under review, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 289%. As a result, the exports attained the peak of $1.1M, and then dropped significantly in the following year.

Export of Chlorides; of Aluminium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/AN/AN/A1670%
Brunei Darussalam24817535983.4-30.5%
Cambodia25947.910549.2-42.5%
India9.926.010323.232.8%
TanzaniaN/AN/AN/A13.00%
Sri Lanka58.6N/AN/AN/A0%
Philippines104N/AN/AN/A0%
Brazil78.3N/AN/AN/A0%
OthersN/A20.8483324294.7%
Total7582701,051660-4.5%

Top Export Markets for Chlorides; of Aluminium from Hong Kong SAR in 2022:

  1. Indonesia (278.5 tons)
  2. Brunei Darussalam (99.1 tons)
  3. Cambodia (86.6 tons)
  4. Tanzania (34.4 tons)
  5. India (12.4 tons)

Source: IndexBox Market Intelligence Platform

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