Price for Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Hong Kong SAR - 2023
Contents:
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR (CIF) - 2023
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR (FOB) - 2023
- Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR
- Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR (CIF) - 2023
The average import price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $3,390 per ton in October 2023, surging by 27% against the previous month. In general, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 226% against the previous month. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($7,853 per ton), while the price for Malaysia ($700 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR (FOB) - 2023
The average export price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $38,772 per ton in October 2023, growing by 832% against the previous month. Over the period under review, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was China ($49,507 per ton), while the average price for exports to Vietnam ($2,661 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+75.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR
In 2022, supplies from abroad of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -0.4% to 8.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 1.8%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses fell to $13M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $15M, and then dropped in the following year.
| Import of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.9 | 4.0 | 4.7 | 4.6 | -8.0% |
| South Korea | 1.5 | 3.7 | 5.4 | 4.3 | 42.1% |
| Singapore | 0.7 | 0.7 | 1.0 | 0.8 | 4.6% |
| Malaysia | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| United Kingdom | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Taiwan (Chinese) | 0.5 | 0.6 | 0.7 | 0.4 | -7.2% |
| Thailand | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Indonesia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 2.7 | 2.7 | 1.8 | 1.7 | -14.3% |
| Total | 12.1 | 12.5 | 14.6 | 13.3 | 3.2% |
Top Suppliers of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Hong Kong SAR in 2022:
- China (5030.6 tons)
- South Korea (1951.4 tons)
- Malaysia (338.3 tons)
- Singapore (295.2 tons)
- Taiwan (Chinese) (228.8 tons)
- Thailand (133.6 tons)
- United Kingdom (133.5 tons)
- Indonesia (129.3 tons)
Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR
In 2022, the amount of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses exported from Hong Kong SAR declined markedly to 393 tons, waning by -65% against the year before. Overall, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year.
In value terms, exports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses shrank sharply to $3.4M in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year.
| Export of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,316 | 2,927 | 3,843 | 2,514 | -16.5% |
| New Zealand | N/A | N/A | N/A | 256 | 0% |
| Japan | 9.2 | 146 | 110 | 126 | 139.3% |
| Iran | 265 | N/A | 947 | 106 | -26.3% |
| Macao SAR | 110 | 86.1 | 103 | 101 | -2.8% |
| Indonesia | N/A | 505 | 67.9 | 67.6 | -63.4% |
| Others | 1,140 | 1,108 | 371 | 272 | -38.0% |
| Total | 5,839 | 4,772 | 5,442 | 3,442 | -16.2% |
Top Export Markets for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Hong Kong SAR in 2022:
- China (302.1 tons)
- Iran (34.4 tons)
- Macao SAR (17.1 tons)
- Indonesia (13.7 tons)
- Japan (9.3 tons)
- New Zealand (5.9 tons)
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