Hong Kong SAR, China - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropylene Glycol Price in Hong Kong SAR - 2023
Contents:
- Propylene Glycol Price in Hong Kong SAR (CIF) - 2022
- Propylene Glycol Price in Hong Kong SAR (FOB) - 2022
- Propylene Glycol Imports in Hong Kong SAR
- Propylene Glycol Exports in Hong Kong SAR
Propylene Glycol Price in Hong Kong SAR (CIF) - 2022
In 2022, the average propylene glycol import price amounted to $2,907 per ton, rising by 28% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene glycol import price increased by +108.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,232 per ton), while the price for Thailand ($2,340 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Propylene Glycol Price in Hong Kong SAR (FOB) - 2022
In 2022, the average propylene glycol export price amounted to $5,945 per ton, surging by 137% against the previous year. Overall, the export price recorded a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($43,027 per ton), while the average price for exports to Iran ($3,068 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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Propylene Glycol Imports in Hong Kong SAR
In 2022, approx. 411 tons of propylene glycol (propane-1,2-diol) were imported into Hong Kong SAR; with a decrease of -55.5% against the previous year. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of 924 tons, and then contracted sharply in the following year.
In value terms, propylene glycol imports dropped remarkably to $1.2M in 2022. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 137%. As a result, imports attained the peak of $2.1M, and then contracted markedly in the following year.
| Import of Propylene Glycol in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 393 | 290 | 793 | 731 | 23.0% |
| Thailand | 152 | 124 | 138 | 243 | 16.9% |
| South Korea | 274 | 235 | 1,007 | 102 | -28.1% |
| United States | 11.9 | N/A | 0.3 | 74.6 | 84.4% |
| China | 34.8 | 183 | 141 | 27.4 | -7.7% |
| Others | 46.4 | 55.7 | 24.1 | 16.4 | -29.3% |
| Total | 912 | 888 | 2,104 | 1,195 | 9.4% |
Top Suppliers of Propylene Glycol to Hong Kong SAR in 2022:
- Singapore (260.4 tons)
- Thailand (104.0 tons)
- South Korea (34.4 tons)
- United States (17.6 tons)
- China (9.0 tons)
Propylene Glycol Exports in Hong Kong SAR
In 2022, propylene glycol exports from Hong Kong SAR plummeted to 101 tons, reducing by -80.9% on the previous year. In general, exports recorded a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 209%. As a result, the exports attained the peak of 529 tons, and then dropped rapidly in the following year.
In value terms, propylene glycol exports declined sharply to $602K in 2022. Overall, exports recorded a mild decline. The most prominent rate of growth was recorded in 2021 when exports increased by 317%. As a result, the exports attained the peak of $1.3M, and then declined dramatically in the following year.
| Export of Propylene Glycol in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | N/A | 256 | 0% |
| China | 322 | 275 | 358 | 206 | -13.8% |
| Iran | 261 | N/A | 936 | 106 | -25.9% |
| Indonesia | N/A | 15.4 | 12.5 | 13.3 | -7.1% |
| Others | 40.2 | 28.4 | 24.0 | 21.4 | -19.0% |
| Total | 622 | 319 | 1,331 | 602 | -1.1% |
Top Export Markets for Propylene Glycol from Hong Kong SAR in 2022:
- China (57.7 tons)
- Iran (34.4 tons)
- New Zealand (5.9 tons)
- Indonesia (2.4 tons)
This report provides an in-depth analysis of the propylene glycol market 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 20142320 - Propylene glycol (propane-1,2-diol)
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
-
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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