Hong Kong SAR, China - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSalicylic Acid Price in Hong Kong SAR - 2023
Contents:
- Salicylic Acid Price in Hong Kong SAR (FOB) - 2022
- Salicylic Acid Price in Hong Kong SAR (CIF) - 2022
- Salicylic Acid Exports in Hong Kong SAR
- Salicylic Acid Imports in Hong Kong SAR
Salicylic Acid Price in Hong Kong SAR (FOB) - 2022
In 2021, the average salicylic acid export price amounted to $7,203 per ton, surging by 8.7% against the previous year. Overall, the export price saw a tangible increase. The pace of growth was the most pronounced in 2017 an increase of 110%. The export price peaked at $7,910 per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($19,294 per ton), while the average price for exports to the Netherlands amounted to $10,677 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.
Salicylic Acid Price in Hong Kong SAR (CIF) - 2022
In 2021, the average salicylic acid import price amounted to $9,824 per ton, dropping by -2% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 48%. The import price peaked at $10,020 per ton in 2020, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,120 per ton), while the price for China amounted to $5,078 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Salicylic Acid Exports in Hong Kong SAR
In 2022, overseas shipments of salicylic acid and its salts decreased by -32.9% to 19 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 193% against the previous year. As a result, the exports attained the peak of 28 tons, and then dropped significantly in the following year.
In value terms, salicylic acid exports reduced dramatically to $132K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 218%. As a result, the exports attained the peak of $201K, and then shrank sharply in the following year.
| Export of Salicylic Acid in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 0.6 | 7.1 | 116 | 1290.4% | |
| Netherlands | N/A | N/A | 85.4 | 0% | |
| Nigeria | 2.4 | 11.6 | N/A | 383.3% | |
| France | N/A | 13.6 | N/A | 0% | |
| India | 1.0 | 12.5 | N/A | 1150.0% | |
| Indonesia | 4.4 | 22.3 | N/A | 406.8% | |
| Brazil | 7.0 | 32.2 | N/A | 360.0% | |
| Others | 5.2 | -36.2 | N/A | -796.2% | |
| Total | 20.6 | 63.2 | 201 | 212.4% | |
Top Export Markets for Salicylic Acid from Hong Kong SAR in 2022:
- Netherlands (8.0 tons)
- China (6.0 tons)
Salicylic Acid Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of salicylic acid and its salts, which decreased by -16.2% to 2.6 tons in 2022. In general, imports continue to indicate a precipitous slump. The smallest decline of -15.7% was in 2021.
In value terms, salicylic acid imports surged to $44K in 2022. Over the period under review, imports continue to indicate a slight shrinkage.
| Import of Salicylic Acid in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| France | 4.0 | 2.9 | 18.2 | 113.3% | |
| China | 3.9 | 1.6 | 11.6 | 72.5% | |
| Japan | 7.8 | 4.3 | N/A | -44.9% | |
| United States | 0.7 | 0.3 | N/A | -57.1% | |
| India | 1.7 | 0.9 | N/A | -47.1% | |
| Romania | 6.1 | 2.9 | N/A | -52.5% | |
| Others | 21.9 | 24.3 | 0.9 | -79.7% | |
| Total | 46.0 | 37.2 | 30.8 | -18.2% | |
Top Suppliers of Salicylic Acid to Hong Kong SAR in 2022:
- China (2.3 tons)
- France (2.0 tons)
This report provides an in-depth analysis of the salicylic acid 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 21101030 - Salicylic acid and its salts
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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984
In value terms, carboxyamide-function compounds and amide-function compounds imports totaled $X in 2016. In general, carboxyamide-function compounds and amide-function compounds imports continue to...
723
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