Hong Kong SAR, China: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Hong Kong SAR, China

The Hong Kong bituminous mixtures market stood at $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a modest increase 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Bituminous Mixtures Production in Hong Kong SAR, China

In value terms, bituminous mixtures production reached $X in 2022 estimated in export price. In general, the total production indicated a slight expansion 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Bituminous Mixtures Exports

Exports from Hong Kong SAR, China

Bituminous mixtures exports from Hong Kong SAR reduced modestly to X tons in 2022, with a decrease of X% against the previous year's figure. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, bituminous mixtures exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for bituminous mixtures exports from Hong Kong SAR, with a X% share of total exports. It was followed by China (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) totaled X%.

In value terms, Taiwan (Chinese) ($X) and China ($X) were the largest markets for bituminous mixtures exported from Hong Kong SAR worldwide.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, faced a deep contraction. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign 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 Taiwan (Chinese) totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Bituminous Mixtures Imports

Imports into Hong Kong SAR, China

Bituminous mixtures imports into Hong Kong SAR shrank markedly to X tons in 2022, dropping by X% on 2021. Over the period under review, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bituminous mixtures imports shrank to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), the UK (X tons) and China (X tons) were the main suppliers of bituminous mixtures imports to Hong Kong SAR, together comprising X% of total imports. Singapore, South Korea, Canada, the United Arab Emirates and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest bituminous mixtures suppliers to Hong Kong SAR were Malaysia ($X), the UK ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 bituminous mixtures import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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