Hong Kong SAR, China: Polymer Ion-Exchangers Market 2022

Polymer Ion-Exchangers Market Size in Hong Kong SAR, China

The Hong Kong polymer ion-exchangers market fell dramatically to $X in 2021, dropping by -15.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Polymer Ion-Exchangers Production in Hong Kong SAR, China

In value terms, polymer ion-exchangers production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +18.6% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 77%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Polymer Ion-Exchangers Exports

Exports from Hong Kong SAR, China

In 2021, the amount of ion-exchangers based on synthetic or natural polymers in primary forms exported from Hong Kong SAR fell to X tons, with a decrease of -15% compared with the previous year. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 117%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, polymer ion-exchangers exports reduced markedly to $X in 2021. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by 101%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polymer ion-exchangers exports from Hong Kong SAR, with a 71% share of total exports. Moreover, polymer ion-exchangers exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Bangladesh (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+40.6% per year) and Bangladesh (+90.1% per year).

In value terms, China ($X) remains the key foreign market for polymer ion-exchangers exports from Hong Kong SAR, comprising 78% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Macao SAR, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to China totaled -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+22.7% per year) and Macao SAR (+0.3% per year).

Export Prices by Country

In 2021, the average polymer ion-exchangers export price amounted to $X per ton, declining by -12.8% against the previous year. Overall, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Bangladesh ($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 Macao SAR (+3.5%), while the prices for the other major destinations experienced a decline.

Polymer Ion-Exchangers Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of ion-exchangers based on synthetic or natural polymers in primary forms decreased by -24% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 58% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, polymer ion-exchangers imports dropped remarkably to $X in 2021. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 347%. 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) constituted the largest supplier of polymer ion-exchangers to Hong Kong SAR, accounting for a 49% share of total imports. Moreover, polymer ion-exchangers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.4% per year) and the United States (-12.9% per year).

In value terms, China ($X), India ($X) and Taiwan (Chinese) ($X) constituted the largest polymer ion-exchangers suppliers to Hong Kong SAR, together comprising 67% of total imports. The United States, Belgium, Germany and Italy lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Belgium, with a CAGR of +10.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average polymer ion-exchangers import price stood at $X per ton in 2021, which is down by -6.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2015 an increase of 216% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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