Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR - 2023

Contents:

1. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR (CIF) - 2022
2. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR (FOB) - 2022
3. Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR
4. Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $10,125,210 per ton, reducing by -20.7% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 209% against the previous year. Over the period under review, average import prices hit record highs at $12,761,154 per ton in 2021, and then fell significantly in the following year.

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 Italy ($18,125,932 per ton), while the price for China ($1,930,054 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $2,569,007 per ton, increasing by 40% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $2,849,613 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($3,568,723 per ton), while the average price for exports to Venezuela ($653,125 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 Peru (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR

In 2022, overseas purchases of hormones; halogenated derivatives or adrenal cortical hormoneses were finally on the rise to reach 467 kg after two years of decline. Overall, imports, however, showed a pronounced descent.

In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses rose modestly to $4.7M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to Hong Kong SAR in 2022:

1. Italy (219.0 kg)
2. China (205.0 kg)
3. Malaysia (17.0 kg)
4. Spain (10.0 kg)
5. Germany (4.0 kg)

Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Hong Kong SAR

In 2022, overseas shipments of hormones; halogenated derivatives or adrenal cortical hormoneses decreased by -16% to 136 kg, falling for the second year in a row after two years of growth. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 18%. As a result, the exports reached the peak of 245 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of hormones; halogenated derivatives or adrenal cortical hormoneses surged to $349K in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 44%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones from Hong Kong SAR in 2022:

1. Indonesia (65.0 kg)
2. Venezuela (16.0 kg)
3. Canada (14.0 kg)
4. China (13.0 kg)
5. Taiwan (Chinese) (10.0 kg)
6. Peru (6.0 kg)
7. Macao SAR (5.0 kg)
8. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform