Hong Kong SAR, China - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMixed Fertilizer Price in Hong Kong SAR - 2023
Contents:
- Mixed Fertilizer Price in Hong Kong SAR (FOB) - 2023
- Mixed Fertilizer Price in Hong Kong SAR (CIF) - 2023
- Mixed Fertilizer Exports in Hong Kong SAR
- Mixed Fertilizer Imports in Hong Kong SAR
Mixed Fertilizer Price in Hong Kong SAR (FOB) - 2023
The average mixed fertilizer export price stood at $1,888 per ton in June 2023, which is down by -25.8% against the previous month. In general, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in December 2022 when the average export price increased by 47% m-o-m. As a result, the export price attained the peak level of $2,929 per ton. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the country with the highest price was China ($1,901 per ton), while the average price for exports to Macao SAR amounted to $1,481 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.5%), while the prices for the other major destinations experienced a decline.
Mixed Fertilizer Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average mixed fertilizer import price amounted to $2,057 per ton, approximately mirroring the previous month. Over the period under review, import price indicated pronounced growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, mixed fertilizer import price decreased by -16.9% against April 2023 indices. The growth pace was the most rapid in September 2022 an increase of 123% m-o-m. Over the period under review, average import prices reached the maximum at $2,922 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,372 per ton), while the price for the United States stood at $1,959 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Mixed Fertilizer Exports in Hong Kong SAR
In 2022, shipments abroad of mixed fertilizers decreased by -25.2% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 206% against the previous year. As a result, the exports reached the peak of 5.2K tons, and then declined remarkably in the following year.
In value terms, mixed fertilizer exports fell notably to $6.4M in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 349%. As a result, the exports reached the peak of $7.8M, and then fell dramatically in the following year.
| Export of Mixed Fertilizer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.3 | 966 | 6,174 | 5,274 | 368.5% |
| Australia | 6.5 | 39.5 | 379 | 593 | 350.2% |
| Thailand | 96.3 | 132 | 230 | 157 | 17.7% |
| Estonia | N/A | N/A | N/A | 99.4 | 0% |
| India | 197 | 325 | 319 | 48.0 | -37.5% |
| Malaysia | 21.4 | 23.2 | 32.0 | 17.3 | -6.8% |
| Mauritius | N/A | 40.2 | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 502 | N/A | 0% |
| Brazil | 143 | N/A | N/A | N/A | 0% |
| Others | 279 | 219 | 193 | 248 | -3.9% |
| Total | 795 | 1,745 | 7,830 | 6,437 | 100.8% |
Top Export Markets for Mixed Fertilizer from Hong Kong SAR in 2022:
- China (2237.4 tons)
- Australia (908.5 tons)
- Thailand (167.0 tons)
- Malaysia (148.3 tons)
- Estonia (124.1 tons)
- India (71.7 tons)
Mixed Fertilizer Imports in Hong Kong SAR
In 2022, approx. 8.1K tons of mixed fertilizers were imported into Hong Kong SAR; picking up by 145% on 2021 figures. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mixed fertilizer imports surged to $6.6M in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mixed Fertilizer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 236 | 350 | 518 | 2,590 | 122.2% |
| Belgium | 360 | 1,009 | 476 | 1,953 | 75.7% |
| United States | 264 | 361 | 2,008 | 1,194 | 65.4% |
| Canada | 208 | 155 | 127 | 236 | 4.3% |
| China | 85.3 | 156 | 109 | 114 | 10.2% |
| Germany | 125 | 88.8 | 97.0 | 112 | -3.6% |
| Others | 248 | 424 | 353 | 360 | 13.2% |
| Total | 1,526 | 2,544 | 3,688 | 6,559 | 62.6% |
Top Suppliers of Mixed Fertilizer to Hong Kong SAR in 2022:
- Netherlands (4.0K tons)
- Belgium (2.9K tons)
- United States (0.7K tons)
- Canada (0.2K tons)
- Germany (0.1K tons)
- China (0.1K tons)
This report provides an in-depth analysis of the mixed fertilizer 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 20157130 -
- Prodcom 20157180 -
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
- Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
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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