Hong Kong SAR, China - Lauric Acid And Others, Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR - 2023
Contents:
- Price for Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR (CIF) - 2022
- Price for Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR (FOB) - 2022
- Imports of Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR
- Exports of Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR
Price for Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for lauric acid and other acids, their salts and esters amounted to $9,283 per ton, increasing by 33% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 64%. The import price peaked at $9,660 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,840 per ton), while the price for Taiwan (Chinese) ($2,722 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR (FOB) - 2022
The average export price for lauric acid and other acids, their salts and esters stood at $12,153 per ton in 2022, rising by 28% against the previous year. Overall, the export price enjoyed resilient growth. The growth pace was the most rapid in 2017 an increase of 38%. The export price peaked at $12,161 per ton in 2020; afterwards, it flattened through to 2022.
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 ($12,557 per ton), while the average price for exports to the United Arab Emirates ($6,030 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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR
In 2022, the amount of lauric acid and other acids, their salts and esters imported into Hong Kong SAR plummeted to 250 tons, waning by -19.8% compared with 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 24%.
In value terms, imports of lauric acid and other acids, their salts and esters expanded rapidly to $2.3M in 2022. Overall, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 19%.
Import of Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | N/A | 471 | 1,109 | 135.5% |
United States | 1,237 | 1,408 | 1,098 | 818 | -12.9% |
China | 186 | 119 | 311 | 128 | -11.7% |
Taiwan (Chinese) | 27.6 | 17.5 | 19.6 | 108 | 57.6% |
Malaysia | 60.4 | 26.3 | 51.6 | 71.6 | 5.8% |
Germany | 60.6 | 6.0 | 143 | 40.6 | -12.5% |
Singapore | 177 | 194 | N/A | N/A | 9.6% |
Netherlands | 808 | N/A | N/A | N/A | 0% |
Others | 102 | 50.0 | 81.8 | 47.2 | -22.7% |
Total | 2,660 | 1,822 | 2,176 | 2,321 | -4.4% |
Top Suppliers of Lauric Acid and Other Acids, Their Salts and Esters to Hong Kong SAR in 2022:
- South Korea (139.8 tons)
- United States (69.0 tons)
- Taiwan (Chinese) (39.5 tons)
- Malaysia (14.0 tons)
- China (12.0 tons)
- Germany (6.7 tons)
Exports of Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR
In 2022, the amount of lauric acid and other acids, their salts and esters exported from Hong Kong SAR contracted markedly to 188 tons, with a decrease of -16.4% against the previous year's figure. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of 226 tons, and then fell dramatically in the following year.
In value terms, exports of lauric acid and other acids, their salts and esters expanded significantly to $2.3M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +44.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Lauric Acid and Other Acids, Their Salts and Esters in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,305 | 941 | 1,483 | 1,941 | 14.1% |
Taiwan (Chinese) | 37.2 | 262 | 284 | 74.1 | 25.8% |
United States | 88.2 | 288 | 23.6 | 47.2 | -18.8% |
Australia | 15.4 | 10.2 | N/A | 39.2 | 36.5% |
United Arab Emirates | N/A | N/A | N/A | 35.9 | 0% |
Others | 141 | 215 | 352 | 153 | 2.8% |
Total | 1,587 | 1,715 | 2,142 | 2,290 | 13.0% |
Top Export Markets for Lauric Acid and Other Acids, Their Salts and Esters from Hong Kong SAR in 2022:
- China (154.6 tons)
- Taiwan (Chinese) (6.6 tons)
- United Arab Emirates (6.0 tons)
- United States (4.9 tons)
- Australia (3.7 tons)
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143280 - Lauric acid and others, salts and esters
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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