Hong Kong SAR, China - Phosphates Of Mono- Or Di-Sodium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 3, 2024

Hong Kong SAR, China - Phosphates Of Mono- Or Di-Sodium - Market Analysis, Forecast, Size, Trends And Insights

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Sodium Phosphates Price in Hong Kong SAR - 2023

Contents:

  1. Sodium Phosphates Price in Hong Kong SAR (CIF) - 2022
  2. Sodium Phosphates Price in Hong Kong SAR (FOB) - 2022
  3. Sodium Phosphates Imports in Hong Kong SAR
  4. Sodium Phosphates Exports in Hong Kong SAR

Sodium Phosphates Price in Hong Kong SAR (CIF) - 2022

In 2022, the average sodium phosphates import price amounted to $7,556 per ton, surging by 29% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium phosphates import price decreased by -16.3% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 35%. As a result, import price attained the peak level of $9,026 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 the UK ($34,932 per ton), while the price for Germany ($2,516 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Sodium Phosphates Price in Hong Kong SAR (FOB) - 2022

In 2022, the average sodium phosphates export price amounted to $8,970 per ton, rising by 31% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 265%. Over the period under review, the average export prices hit record highs at $31,966 per ton in 2019; however, from 2020 to 2022, 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 Venezuela ($75,246 per ton), while the average price for exports to China totaled $6,519 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+19.6%).

Sodium Phosphates Imports in Hong Kong SAR

In 2022, the amount of phosphates of mono- or di-sodium imported into Hong Kong SAR declined markedly to 6.3 tons, which is down by -78.5% on 2021 figures. Overall, imports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 233%. As a result, imports attained the peak of 30 tons, and then contracted rapidly in the following year.

In value terms, sodium phosphates imports fell sharply to $48K in 2022. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2021 when imports increased by 116% against the previous year. As a result, imports reached the peak of $173K, and then dropped notably in the following year.

Import of Sodium Phosphates in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.764.830.321.330.0%
NetherlandsN/AN/AN/A7.70%
Germany3.98.02.37.222.7%
United Kingdom3.54.36.75.818.3%
Japan145N/A1344.4-68.8%
OthersN/A3.1N/A1.6-28.2%
Total16280.217347.9-33.4%

Top Suppliers of Sodium Phosphates to Hong Kong SAR in 2022:

  1. Germany (2.9 tons)
  2. Netherlands (1.5 tons)
  3. China (1.1 tons)
  4. Japan (0.7 tons)
  5. United Kingdom (0.2 tons)

Sodium Phosphates Exports in Hong Kong SAR

Sodium phosphates exports from Hong Kong SAR contracted markedly to 785 kg in 2022, dropping by -71.7% on the year before. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 430% against the previous year. As a result, the exports attained the peak of 2.8 tons, and then shrank markedly in the following year.

In value terms, sodium phosphates exports reduced remarkably to $7K in 2022. Over the period under review, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $19K, and then dropped sharply in the following year.

Export of Sodium Phosphates in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18.610.119.04.9-35.9%
VenezuelaN/AN/AN/A2.10%
Others0.1N/AN/AN/A0%
Total18.710.119.07.0-27.9%

Top Export Markets for Sodium Phosphates from Hong Kong SAR in 2022:

  1. China (757.0 kg)
  2. Venezuela (28.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sodium phosphates 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 20134230 - Phosphates of mono- or di-sodium

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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