Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR (CIF) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR
- Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $1,992 per ton, rising by 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,130 per ton), while the price for China ($1,471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $2,535 per ton in 2022, increasing by 38% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses increased by +55.7% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,568 per ton), while the average price for exports to Vietnam totaled $2,036 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR
In 2022, overseas purchases of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses increased by 9.7% to 3.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a sharp downturn.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses skyrocketed to $6.2M in 2022. In general, imports, however, showed a drastic downturn.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 1.1 | 2.7 | 5.0 | 31.5% |
| China | 3.4 | 3.4 | 1.6 | 0.7 | -41.0% |
| United States | 0.7 | 0.4 | 0.2 | 0.3 | -24.6% |
| Netherlands | 0.9 | 0.2 | 0.1 | 0.1 | -51.9% |
| South Korea | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Belgium | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 8.3 | 5.3 | 4.7 | 6.2 | -9.3% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Hong Kong SAR in 2022:
- Germany (2414.7 tons)
- China (463.2 tons)
- United States (145.2 tons)
- Netherlands (45.9 tons)
- South Korea (21.0 tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR
In 2022, approx. 1.6K tons of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses were exported from Hong Kong SAR; falling by -54.9% on the year before. In general, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year.
In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses declined remarkably to $4.1M in 2022. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. As a result, the exports attained the peak of $6.5M, and then contracted markedly in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 3.1 | 6.1 | 3.8 | -16.0% |
| Vietnam | N/A | 0.6 | 0.4 | 0.2 | -42.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.4 | 3.7 | 6.5 | 4.1 | -13.8% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Hong Kong SAR in 2022:
- China (1486.9 tons)
- Vietnam (109.4 tons)
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