Price for Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR (CIF) - 2023
- Price for Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR
- Exports of Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR
Price for Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR (CIF) - 2023
The average import price for mineral substances not elsewhere specified or includeds stood at $48.3 per ton in October 2023, surging by 12% against the previous month. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in July 2023 an increase of 366% month-to-month. Over the period under review, average import prices attained the maximum at $475 per ton in February 2023; however, from March 2023 to October 2023, 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 October 2022 to October 2023, the rate of growth in terms of prices for China amounted to -5.3% per month.
Price for Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $5.5 per ton in 2022, increasing by 6.1% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices attained the maximum at $8.3 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($5.6 per ton), while the average price for exports to China totaled $5.5 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+6.3%).
Imports of Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR
In 2022, supplies from abroad of mineral substances not elsewhere specified or includeds decreased by -55.3% to 54K tons, falling for the second consecutive year after two years of growth. In general, imports saw a precipitous setback. The pace of growth appeared the most rapid in 2020 when imports increased by 8.2%. As a result, imports reached the peak of 121K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of mineral substances not elsewhere specified or includeds fell slightly to $26M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. As a result, imports reached the peak of $27M, leveling off in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | 0.1 | 0.2 | 16.6 | 449.6% |
| Lithuania | 0.4 | 4.5 | 16.5 | 4.9 | 130.5% |
| China | 2.6 | 4.4 | 4.5 | 3.3 | 8.3% |
| Germany | 5.4 | 2.1 | 2.4 | 1.0 | -43.0% |
| Japan | 0.5 | 0.6 | 0.6 | 0.2 | -26.3% |
| United States | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| South Africa | N/A | N/A | N/A | N/A | 0% |
| Others | 4.8 | 2.4 | 2.2 | 0.3 | -60.3% |
| Total | 14.0 | 14.3 | 26.5 | 26.3 | 23.4% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Hong Kong SAR in 2022:
- Japan (26.5K tons)
- Russia (12.8K tons)
- China (8.0K tons)
- Lithuania (4.3K tons)
- United States (1.1K tons)
- Germany (0.6K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR
Exports of mineral substances not elsewhere specified or includeds from Hong Kong SAR surged to 3.6M tons in 2022, increasing by 154% against the year before. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of mineral substances not elsewhere specified or includeds surged to $20M in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 1.9 | 5.3 | 19.6 | 71.3% |
| United States | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Macao SAR | 0.1 | 1.4 | 1.9 | N/A | 335.9% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 4.3 | 3.4 | 7.3 | 19.7 | 66.1% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Hong Kong SAR in 2022:
- China (3554.9K tons)
- United States (47.1K tons)
- Macao SAR (2.3K tons)
290
This report provides an in-depth analysis of the market for plastic shutters and blinds in Hong Kong SAR, China.
136
This report provides an in-depth analysis of the market for lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide in Hong Kong SAR, China.
635
This report provides an in-depth analysis of the global market for plastic shutters and blinds.
78
This report provides an in-depth analysis of the global market for lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide.
166
Explore the top import markets for plastic shutters and blinds worldwide, including key statistics and data from the IndexBox market intelligence platform.
237
Explore the world's top import markets for Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide. Discover key statistics and data from the IndexBox market intelligence platform.
