Hong Kong SAR, China: Market for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates 2023

Market Size for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Hong Kong SAR, China

The Hong Kong chlorates, bromates and iodates market expanded slightly to $X in 2021, with an increase of 4% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Hong Kong SAR, China

In value terms, chlorates, bromates and iodates production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Exports from Hong Kong SAR, China

In 2021, approx. X tons of chlorates and perchlorates, bromates and perbromates, iodates and periodates were exported from Hong Kong SAR; growing by 98% on 2020. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 607%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, chlorates, bromates and iodates exports soared to $X in 2021. Overall, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of 815% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons), Guatemala (X tons) and the United States (X tons) were the main destinations of chlorates, bromates and iodates exports from Hong Kong SAR, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +37.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Spain ($X) and Guatemala ($X) constituted the largest markets for chlorates, bromates and iodates exported from Hong Kong SAR worldwide, together accounting for 64% of total exports.

Among the main countries of destination, Spain, with a CAGR of +60.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average chlorates, bromates and iodates export price amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price recorded notable growth. The growth pace was the most rapid in 2019 when the average export price increased by 51%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of chlorates and perchlorates, bromates and perbromates, iodates and periodates decreased by -6.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 190%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, chlorates, bromates and iodates imports declined markedly to $X in 2021. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 299%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main chlorates, bromates and iodates supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.4%.

In value terms, China ($X) constituted the largest supplier of chlorates and perchlorates, bromates and perbromates, iodates and periodates to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.6%.

Import Prices by Country

The average chlorates, bromates and iodates import price stood at $X per ton in 2021, shrinking by -42.5% against the previous year. Over the period under review, the import price continues to indicate a sharp contraction. The growth pace was the most rapid in 2019 an increase of 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -12.6% per year.

Source: IndexBox Platform

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