Price for Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds in Hong Kong SAR - 2023

Contents:

1. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR (CIF) - 2022
2. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR (FOB) - 2023
3. Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR
4. Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses amounted to $9,411 per ton, surging by 27% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses increased by +70.1% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($24,281 per ton), while the price for India ($5,837 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR (FOB) - 2023

The average export price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses stood at $10,663 per ton in October 2023, falling by -27.7% against the previous month. Overall, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 608% against the previous month. As a result, the export price reached the peak level of $41,465 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From November 2022 to October 2023, the rate of growth in terms of prices for China amounted to +7.0% per month.

Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR

In 2022, the amount of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses imported into Hong Kong SAR stood at 294 tons, picking up by 2.5% on the previous year's figure. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses surged to $2.8M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds to Hong Kong SAR in 2022:

1. China (145.4 tons)
2. United States (62.7 tons)
3. Brazil (45.0 tons)
4. Japan (25.6 tons)
5. India (11.1 tons)

Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Hong Kong SAR

In 2022, overseas shipments of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses decreased by -57.8% to 58 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 58%.

In value terms, exports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses fell markedly to $628K in 2022. In general, exports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2020 when exports increased by 78% against the previous year.

Top Export Markets for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds from Hong Kong SAR in 2022:

1. China (54.2 tons)
2. South Korea (1.1 tons)
3. Taiwan (Chinese) (0.8 tons)

Source: IndexBox Market Intelligence Platform