Report Update Apr 1, 2024

Hong Kong SAR, China - Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Ethylene Market 2024

Ethylene Market Size in Hong Kong SAR, China

The Hong Kong ethylene market amounted to $X in 2021, growing by 13% against the previous year. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Ethylene Production in Hong Kong SAR, China

In value terms, ethylene production reached $X in 2021 estimated in export price. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Ethylene Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of ethylene decreased by -22.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 358% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ethylene exports contracted significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 208%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for ethylene exports from Hong Kong SAR, accounting for a 92% share of total exports. Moreover, ethylene exports to Vietnam exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The third position in this ranking was held by Bangladesh (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +117.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-2.8% per year) and Bangladesh (+226.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for ethylene exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was held by Australia ($X), with a 4.2% share of total exports. It was followed by Bangladesh, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+4.7% per year) and Bangladesh (+17.3% per year).

Export Prices by Country

The average ethylene export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene export price increased by +35.3% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 82% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Bangladesh ($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 Australia (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Imports

Imports into Hong Kong SAR, China

After two years of decline, overseas purchases of ethylene increased by 61% to X tons in 2021. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 169%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene imports surged to $X in 2021. In general, imports showed mild growth. The pace of growth was the most pronounced in 2016 when imports increased by 243%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of ethylene to Hong Kong SAR, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.8%.

In value terms, China ($X) constituted the largest supplier of ethylene to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.6%.

Import Prices by Country

The average ethylene import price stood at $X per ton in 2021, with a decrease of -19.8% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 South Korea amounted to +8.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 37% of global consumption. These countries were followed by Japan, Indonesia, Brazil, Pakistan, Russia, Nigeria, the UK, Qatar, Germany and Mexico, which together accounted for a further 27%.

What are the largest producers of ethylene in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, with a combined 36% share of global production. These countries were followed by Japan, Brazil, Pakistan, the UK, Russia, Nigeria, Indonesia, Qatar, Mexico and Germany, which together accounted for a further 27%.

What are the leading suppliers of ethylene to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of ethylene to Hong Kong SAR.

What are the leading importers of ethylene from Hong Kong SAR, China?

In value terms, Vietnam remains the key foreign market for ethylene exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was taken by Australia, with a 4.2% share of total exports. It was followed by Bangladesh, with a 0.8% share.

What is the average export price for ethylene in Hong Kong SAR, China?

In 2021, the average ethylene export price amounted to $1,912 per ton, remaining relatively unchanged against the previous year.

What is the average import price for ethylene in Hong Kong SAR, China?

The average ethylene import price stood at $543 per ton in 2021, waning by -19.8% against the previous year.

This report provides an in-depth analysis of the ethylene market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141130 - Ethylene

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023