Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR - 2023

Contents:

  1. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR (FOB) - 2022
  2. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR (CIF) - 2022
  3. Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR
  4. Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR (FOB) - 2022

The average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $105,793 per ton in 2022, waning by -58.9% against the previous year. In general, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 488%. The export price peaked at $925,250 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,755,378 per ton), while the average price for exports to Germany ($10,903 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 (+48.2%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR (CIF) - 2022

The average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $4,003 per ton in 2022, shrinking by -51.7% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2017 an increase of 135%. Over the period under review, average import prices reached the peak figure at $8,287 per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($15,023 per ton), while the price for India ($3,626 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR

For the fourth consecutive year, Hong Kong SAR recorded growth in shipments abroad of aldehydes; cyclic, without other oxygen function, other than benzaldehydes, which increased by 2,129% to 1.2 tons in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes skyrocketed to $132K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.71.4N/A64.9159.8%
FranceN/A1.7N/A30.8325.6%
SingaporeN/AN/AN/A10.80%
United StatesN/A8.91.69.11.1%
GermanyN/A1.3N/A3.461.7%
IndonesiaN/AN/AN/A2.80%
Costa RicaN/AN/A8.0N/A0%
OthersN/A1.64.810.3153.7%
Total3.715.014.4132229.2%

Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from Hong Kong SAR in 2022:

  1. Singapore (600.0 kg)
  2. Germany (308.0 kg)
  3. Indonesia (200.0 kg)
  4. France (67.0 kg)
  5. China (37.0 kg)
  6. United States (22.0 kg)

Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR

In 2022, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes into Hong Kong SAR surged to 21 tons, rising by 123% compared with the year before. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year.

In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes expanded rapidly to $85K in 2022. Over the period under review, imports, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 180%.

Import of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India15.88.113.574.267.5%
China63.7N/A50.010.0-46.1%
Singapore12420.015.10.6-83.1%
OthersN/AN/AN/AN/A0%
Total20328.178.784.8-25.2%

Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to Hong Kong SAR in 2022:

  1. India (20.5 tons)
  2. China (0.7 tons)
  3. Singapore (0.1 tons)

Source: IndexBox Market Intelligence Platform

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