Hong Kong SAR, China - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLubricant Additives Price in Hong Kong SAR - 2023
Contents:
- Lubricant Additives Price in Hong Kong SAR (CIF) - 2022
- Lubricant Additives Price in Hong Kong SAR (FOB) - 2022
- Lubricant Additives Imports in Hong Kong SAR
- Lubricant Additives Exports in Hong Kong SAR
Lubricant Additives Price in Hong Kong SAR (CIF) - 2022
The average lubricant additives import price stood at $3,651 per ton in 2022, rising by 18% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,776 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,547 per ton), while the price for South Korea ($3,135 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Lubricant Additives Price in Hong Kong SAR (FOB) - 2022
The average lubricant additives export price stood at $7,577 per ton in 2022, growing by 9.7% against the previous year. Overall, the export price recorded measured growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $10,591 per ton in 2016; however, from 2017 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 ($8,475 per ton), while the average price for exports to Macao SAR ($2,603 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 China (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Lubricant Additives Imports in Hong Kong SAR
In 2022, the amount of prepared additives for mineral oils imported into Hong Kong SAR reduced to 15K tons, which is down by -7.4% on 2021 figures. Overall, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of 16K tons, and then reduced in the following year.
In value terms, lubricant additives imports expanded notably to $55M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Lubricant Additives in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 21.8 | 24.3 | 31.7 | 33.8 | 15.7% |
| Italy | 18.0 | 6.7 | 6.5 | 9.2 | -20.0% |
| China | 2.5 | 2.9 | 3.6 | 5.1 | 26.8% |
| United States | 3.3 | 2.1 | 3.2 | 2.7 | -6.5% |
| South Korea | 0.3 | 0.4 | 0.8 | 1.1 | 54.2% |
| Netherlands | 1.8 | 1.4 | 1.2 | 0.8 | -23.7% |
| Others | 3.3 | 3.1 | 3.2 | 2.4 | -10.1% |
| Total | 51.0 | 40.9 | 50.3 | 55.0 | 2.5% |
Top Suppliers of Lubricant Additives to Hong Kong SAR in 2022:
- Singapore (10.0K tons)
- Italy (2.1K tons)
- China (1.6K tons)
- United States (0.4K tons)
- South Korea (0.4K tons)
- Netherlands (0.1K tons)
Lubricant Additives Exports in Hong Kong SAR
In 2022, overseas shipments of prepared additives for mineral oils decreased by -67% to 617 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 26%.
In value terms, lubricant additives exports fell rapidly to $4.7M in 2022. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of $13M, and then fell notably in the following year.
| Export of Lubricant Additives in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 9.1 | 12.6 | 4.3 | -24.5% |
| Singapore | N/A | 0.3 | 0.1 | 0.3 | 0.0% |
| Macao SAR | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Total | 10.2 | 9.5 | 12.9 | 4.7 | -22.8% |
Top Export Markets for Lubricant Additives from Hong Kong SAR in 2022:
- China (511.4 tons)
- Singapore (84.5 tons)
- Macao SAR (13.2 tons)
This report provides an in-depth analysis of the lubricant additives 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 20594250 - Anti-knock preparations
- Prodcom 20594270 - Additives for lubricating oils
- Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)
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
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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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This report provides an in-depth analysis of the lubricant additives market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the lubricant additives market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the lubricating oil additive market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the anti-knock preparations market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global lubricant additives market.
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