Hong Kong SAR, China: Butanol Market 2024

Butanol Market Size in Hong Kong SAR, China

The Hong Kong butanol market rose sharply to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Butanol Production in Hong Kong SAR, China

In value terms, butanol production rose significantly to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Butanol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Butanol Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of butanol decreased by X% to X tons in 2022. In general, exports showed a dramatic slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butanol exports reduced to $X in 2022. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for butanol exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, butanol exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for butanol exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by India, with a X% share.

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

Export Prices by Country

The average butanol export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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.

Butanol Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of butanol decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, butanol imports declined to $X in 2022. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), South Africa (X tons) and Malaysia (X tons) were the main suppliers of butanol imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of butanol to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average butanol import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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