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

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

After three years of growth, the Hong Kong anti-oxidising preparations market decreased by X% to $X in 2023. Over the period under review, consumption, however, recorded a slight curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Anti-Oxidising Preparations Production in Hong Kong SAR, China

In value terms, anti-oxidising preparations production amounted to $X in 2023 estimated in export price. Overall, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Anti-Oxidising Preparations Exports

Exports from Hong Kong SAR, China

After ten years of decline, shipments abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics increased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations exports amounted to $X in 2023. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for anti-oxidising preparations exports from Hong Kong SAR, with a X% share of total exports. Moreover, anti-oxidising preparations exports to China exceeded the volume sent to the second major destination, Nigeria (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Malaysia (X% per year).

In value terms, China ($X) remains the key foreign market for anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the average anti-oxidising preparations export price amounted to $X per ton, leveling off at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, 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-Oxidising Preparations Imports

Imports into Hong Kong SAR, China

In 2023, after nine years of decline, there was significant growth in purchases abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, anti-oxidising preparations imports stood at $X in 2023. Over the period under review, imports, however, continue to indicate a deep setback. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest anti-oxidising preparations supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, anti-oxidising preparations imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of anti-oxidising preparations and other compounds stabilisers for rubber or plastics to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

The average anti-oxidising preparations import price stood at $X per ton in 2023, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform