Report Hong Kong SAR, China - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 3, 2022

Hong Kong SAR, China - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Acetic Acid Market 2022

Acetic Acid Market Size in Hong Kong SAR, China

The Hong Kong acetic acid market soared to $X in 2021, increasing by 348% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acetic Acid Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of acetic acid were exported from Hong Kong SAR; falling by -34.1% against 2020. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 195% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acetic acid exports shrank notably to $X in 2021. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 127%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Turkey (X tons) and India (X tons) were the main destinations of acetic acid exports from Hong Kong SAR, with a combined 91% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +226.4%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Turkey ($X) and India ($X) were the largest markets for acetic acid exported from Hong Kong SAR worldwide, with a combined 87% share of total exports.

In terms of the main countries of destination, India, with a CAGR of +75.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average acetic acid export price stood at $X per ton in 2021, with an increase of 9.2% against the previous year. In general, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2019 an increase of 26%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Acetic Acid Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of acetic acid were finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a noticeable shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, acetic acid imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) was the main acetic acid supplier to Hong Kong SAR, accounting for a 93% share of total imports. Moreover, acetic acid imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +1.1%.

In value terms, South Korea ($X) constituted the largest supplier of acetic acid to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +6.5%.

Import Prices by Country

The average acetic acid import price stood at $X per ton in 2021, surging by 72% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for acetic acid in the world?
+
India remains the largest acetic acid consuming country worldwide, comprising approx. 32% of total volume. Moreover, acetic acid consumption in India exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was taken by the United States, with a 6.2% share.
What are the largest producers of acetic acid in the world?
+
The countries with the highest volumes of production in 2021 were China, the United States and Malaysia, with a combined 61% share of global production. These countries were followed by the UK, Taiwan Chinese), South Korea, Russia, Singapore, Saudi Arabia, Iran, Japan and Serbia, which together accounted for a further 30%.
What are the leading suppliers of acetic acid to Hong Kong SAR, China?
+
In value terms, South Korea constituted the largest supplier of acetic acid to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was held by Taiwan Chinese), with a 4% share of total imports.
What are the leading importers of acetic acid from Hong Kong SAR, China?
+
In value terms, the largest markets for acetic acid exported from Hong Kong SAR were Cambodia, Turkey and India, with a combined 87% share of total exports.
What is the average export price for acetic acid in Hong Kong SAR, China?
+
In 2021, the average acetic acid export price amounted to $681 per ton, increasing by 9.2% against the previous year.
What is the average import price for acetic acid in Hong Kong SAR, China?
+
The average acetic acid import price stood at $1,262 per ton in 2021, with an increase of 72% against the previous year.

This report provides an in-depth analysis of the acetic 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 20143271 - Acetic acid
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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