Price for Bromides; of Sodium or of Potassium in Hong Kong SAR - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in Hong Kong SAR (CIF) - 2022
- Price for Bromides; of Sodium or of Potassium in Hong Kong SAR (FOB) - 2022
- Imports of Bromides; of Sodium or of Potassium in Hong Kong SAR
- Exports of Bromides; of Sodium or of Potassium in Hong Kong SAR
Price for Bromides; of Sodium or of Potassium in Hong Kong SAR (CIF) - 2022
The average import price for bromides; of sodium or of potassia stood at $6,256 per ton in 2022, shrinking by -58.3% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 287% against the previous year. Over the period under review, average import prices reached the peak figure at $16,091 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +32.3% per year.
Price for Bromides; of Sodium or of Potassium in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for bromides; of sodium or of potassia amounted to $3,532 per ton, with a decrease of -5.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45%. As a result, the export price attained the peak level of $5,329 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($5,535 per ton), while the average price for exports to the United States ($1,472 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 Indonesia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bromides; of Sodium or of Potassium in Hong Kong SAR
In 2022, the amount of bromides; of sodium or of potassia imported into Hong Kong SAR skyrocketed to 1 tons, growing by 1,494% against 2021. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of bromides; of sodium or of potassia surged to $6.3K in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bromides; of Sodium or of Potassium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 6.0 | 0% |
| Israel | 1.0 | 0.3 | 0.9 | N/A | -5.1% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 1.0 | 0.4 | 0.9 | 6.3 | 84.7% |
Top Suppliers of Bromides; of Sodium or of Potassium to Hong Kong SAR in 2022:
- China (1000.0 kg)
Exports of Bromides; of Sodium or of Potassium in Hong Kong SAR
In 2022, the amount of bromides; of sodium or of potassia exported from Hong Kong SAR surged to 38 tons, rising by 223% against 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of bromides; of sodium or of potassia soared to $134K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bromides; of Sodium or of Potassium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 6.5 | 57.4 | 16.0 | 101 | 149.5% |
| Brazil | 4.8 | 3.0 | 9.4 | 14.6 | 44.9% |
| China | 2.6 | 7.3 | 5.5 | 9.2 | 52.4% |
| Indonesia | 2.0 | 6.2 | 2.9 | 5.6 | 40.9% |
| United States | 14.0 | 18.5 | 6.7 | 2.8 | -41.5% |
| Others | 0.8 | 0.5 | 3.4 | 0.8 | 0.0% |
| Total | 30.7 | 92.9 | 43.9 | 134 | 63.4% |
Top Export Markets for Bromides; of Sodium or of Potassium from Hong Kong SAR in 2022:
- Israel (24.2 tons)
- China (5.8 tons)
- Brazil (3.4 tons)
- Indonesia (2.4 tons)
- United States (1.9 tons)
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