Hong Kong SAR, China: Calcium Carbonate Market 2023

Calcium Carbonate Market Size in Hong Kong SAR, China

In 2021, the Hong Kong calcium carbonate market increased by 28% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Calcium Carbonate Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of calcium carbonate increased by 28% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 111% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, calcium carbonate exports soared to $X in 2021. In general, exports, however, recorded a deep setback. The growth pace was the most rapid in 2015 with an increase of 97%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for calcium carbonate exports from Hong Kong SAR, with a 95% share of total exports. Moreover, calcium carbonate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -8.8%.

In value terms, China ($X) remains the key foreign market for calcium carbonate exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to -4.8%.

Export Prices by Country

In 2021, the average calcium carbonate export price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium carbonate export price increased by +82.2% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 37%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Calcium Carbonate Imports

Imports into Hong Kong SAR, China

In 2021, imports of calcium carbonate into Hong Kong SAR surged to X tons, with an increase of 20% on the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, calcium carbonate imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 67% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest calcium carbonate supplier to Hong Kong SAR, accounting for a 81% share of total imports. Moreover, calcium carbonate imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.5% per year) and Japan (+17.3% per year).

In value terms, the largest calcium carbonate suppliers to Hong Kong SAR were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 85% of total imports.

Japan, with a CAGR of +7.8%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average calcium carbonate import price amounted to $X per ton, picking up by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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