Hong Kong SAR, China - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenolic Resins Price in Hong Kong SAR - 2023
Contents:
- Phenolic Resins Price in Hong Kong SAR (CIF) - 2023
- Phenolic Resins Price in Hong Kong SAR (FOB) - 2023
- Phenolic Resins Imports in Hong Kong SAR
- Phenolic Resins Exports in Hong Kong SAR
Phenolic Resins Price in Hong Kong SAR (CIF) - 2023
The average phenolic resins import price stood at $4,480 per ton in September 2023, growing by 30% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. Over the period under review, average import prices hit record highs at $5,823 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($11,765 per ton), while the price for Indonesia ($2,300 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenolic Resins Price in Hong Kong SAR (FOB) - 2023
The average phenolic resins export price stood at $4,450 per ton in September 2023, increasing by 62% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 71% m-o-m. As a result, the export price reached the peak level of $6,624 per ton. From December 2022 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was China ($5,197 per ton), while the average price for exports to Macao SAR stood at $2,402 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.3%).
Phenolic Resins Imports in Hong Kong SAR
After three years of growth, overseas purchases of phenolic resins in primary forms decreased by -53.2% to 2.6K tons in 2022. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of 5.5K tons, and then fell sharply in the following year.
In value terms, phenolic resins imports contracted significantly to $12M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, imports reached the peak of $21M, and then shrank markedly in the following year.
| Import of Phenolic Resins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | 2.5 | 4.0 | 60.0% |
| Japan | 2.7 | 5.6 | 10.4 | 3.7 | 11.1% |
| Singapore | 2.9 | 2.1 | 3.2 | 1.4 | -21.6% |
| Indonesia | 0.7 | 0.5 | 0.7 | 0.9 | 8.7% |
| China | 2.9 | 3.4 | 2.4 | 0.8 | -34.9% |
| United States | 0.5 | 0.5 | 0.4 | 0.4 | -7.2% |
| Taiwan (Chinese) | 1.2 | 0.6 | 0.9 | 0.3 | -37.0% |
| Others | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
| Total | 11.4 | 12.9 | 20.9 | 11.7 | 0.9% |
Top Suppliers of Phenolic Resins to Hong Kong SAR in 2022:
- South Korea (623.0 tons)
- Japan (595.6 tons)
- Indonesia (374.2 tons)
- Singapore (348.1 tons)
- China (309.6 tons)
- United States (136.2 tons)
- Taiwan (Chinese) (135.0 tons)
Phenolic Resins Exports in Hong Kong SAR
In 2022, the amount of phenolic resins in primary forms exported from Hong Kong SAR shrank sharply to 2.2K tons, with a decrease of -48.3% compared with the year before. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 9.6%. As a result, the exports reached the peak of 4.2K tons, and then dropped significantly in the following year.
In value terms, phenolic resins exports contracted markedly to $9.7M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports reached the peak of $12M, and then dropped markedly in the following year.
| Export of Phenolic Resins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.1 | 8.9 | 11.6 | 8.8 | -1.1% |
| Macao SAR | 0.7 | 0.6 | 0.7 | 0.9 | 8.7% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 9.8 | 9.6 | 12.4 | 9.7 | -0.3% |
Top Export Markets for Phenolic Resins from Hong Kong SAR in 2022:
- China (1783.5 tons)
- Macao SAR (376.3 tons)
This report provides an in-depth analysis of the phenolic resins 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 20165650 - Phenolic resins, in primary forms
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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