Hong Kong SAR, China - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingToluene Price in Hong Kong SAR - 2023
Contents:
- Toluene Price in Hong Kong SAR (CIF) - 2023
- Toluene Price in Hong Kong SAR (FOB) - 2022
- Toluene Imports in Hong Kong SAR
- Toluene Exports in Hong Kong SAR
Toluene Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average toluene import price amounted to $1,178 per ton, dropping by -5.1% against the previous month. In general, the import price recorded a mild reduction. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 6.2% month-to-month. As a result, import price reached the peak level of $1,522 per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Singapore ($1,235 per ton) and Taiwan (Chinese) ($1,193 per ton), while the price for Malaysia ($1,120 per ton) and South Korea ($1,148 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (-1.2%), while the prices for the other major suppliers experienced a decline.
Toluene Price in Hong Kong SAR (FOB) - 2022
In 2022, the average toluene export price amounted to $2,102 per ton, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +2.6% per year.
Toluene Imports in Hong Kong SAR
In 2022, the amount of toluene imported into Hong Kong SAR soared to 3.8K tons, rising by 58% compared with the previous year's figure. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, toluene imports surged to $5.2M in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 141% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Toluene in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 552 | 681 | 400 | 2,547 | 66.5% |
Malaysia | 51.7 | 10.0 | 962 | 906 | 159.7% |
Singapore | 52.1 | 76.9 | 563 | 864 | 155.0% |
South Korea | 411 | 163 | 448 | 807 | 25.2% |
China | 195 | 56.0 | 5.9 | 25.4 | -49.3% |
Others | 4.3 | 1.8 | 2.4 | 3.5 | -6.6% |
Total | 1,266 | 988 | 2,380 | 5,153 | 59.7% |
Top Suppliers of Toluene to Hong Kong SAR in 2022:
- Taiwan (Chinese) (1821.8 tons)
- Malaysia (674.2 tons)
- Singapore (624.3 tons)
- South Korea (620.8 tons)
- China (20.5 tons)
Toluene Exports in Hong Kong SAR
Toluene exports from Hong Kong SAR soared to 159 tons in 2022, with an increase of 34% against the previous year's figure. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 80%. As a result, the exports attained the peak of 238 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, toluene exports surged to $333K in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 75%. As a result, the exports reached the peak of $428K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Toluene in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 204 | 347 | 219 | 333 | 17.7% |
China | 40.5 | 13.6 | N/A | N/A | -66.4% |
Vietnam | N/A | 67.1 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 244 | 428 | 219 | 333 | 10.9% |
Top Export Markets for Toluene from Hong Kong SAR in 2022:
- Macao SAR (158.6 tons)
This report provides an in-depth analysis of the toluene 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 20141225 - Toluene
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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