Hong Kong SAR, China: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Hong Kong SAR, China

The Hong Kong anti-freezing preparations market shrank to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Anti-Freezing Preparations Production in Hong Kong SAR, China

In value terms, anti-freezing preparations production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Anti-Freezing Preparations Exports

Exports from Hong Kong SAR, China

In 2022, the amount of anti-freezing preparations and prepared de-icing fluids exported from Hong Kong SAR amounted to X tons, approximately mirroring 2021. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, anti-freezing preparations exports surged to $X in 2022. Over the period under review, exports showed a modest expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for anti-freezing preparations exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, anti-freezing preparations exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Macao SAR (X% per year).

In value terms, China ($X) remains the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X 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 China (X%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Hong Kong SAR, China

Anti-freezing preparations imports into Hong Kong SAR dropped to X tons in 2022, waning by X% on 2021. In general, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, anti-freezing preparations imports declined modestly to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Singapore (X tons) and Japan (X tons) were the main suppliers of anti-freezing preparations imports to Hong Kong SAR, together comprising X% of total imports. Germany, the United States, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to Hong Kong SAR were China ($X), Singapore ($X) and Japan ($X), together comprising X% of total imports. The United States, Germany, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average anti-freezing preparations import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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