Report Hong Kong SAR, China - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 16, 2022

Hong Kong SAR, China - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights
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Hong Kong SAR, China: Formaldehyde Market 2022

Formaldehyde Market Size in Hong Kong SAR, China

The Hong Kong formaldehyde market reduced to $X in 2021, with a decrease of -X% against the previous year. Overall, consumption continues to indicate a mild curtailment. As a result, consumption attained the peak level of $X, and then fell in the following year.

Formaldehyde Production in Hong Kong SAR, China

In value terms, formaldehyde production fell to $X in 2021 estimated in export price. In general, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Formaldehyde production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Formaldehyde Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of formaldehyde increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, formaldehyde exports soared to $X in 2021. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Vietnam (X tons) and Thailand (X tons) were the main destinations of formaldehyde exports from Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X value terms, the largest markets for formaldehyde exported from Hong Kong SAR were Vietnam ($X) and Thailand ($X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average formaldehyde export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, saw a perceptible slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-X%).

Formaldehyde Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of formaldehyde increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, formaldehyde imports soared to $X in 2021. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest formaldehyde supplier to Hong Kong SAR, with a X% share of total imports. Moreover, formaldehyde imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest formaldehyde suppliers to Hong Kong SAR.

The United States, with a CAGR of +X%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average formaldehyde import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($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) (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for formaldehyde in the world?
+
The countries with the highest volumes of formaldehyde consumption in 2021 were China, the United States and India, together accounting for 49% of global consumption.
What are the largest producers of formaldehyde in the world?
+
The countries with the highest volumes of formaldehyde production in 2021 were China, the United States and India, with a combined 49% share of global production. Japan, Russia, Brazil, Indonesia, Mexico, Italy, the Netherlands, Hungary, Germany and Iran lagged somewhat behind, together accounting for a further 30%.
What are the leading suppliers of formaldehyde to Hong Kong SAR, China?
+
In value terms, China, the United States and Taiwan Chinese) appeared to be the largest formaldehyde suppliers to Hong Kong SAR.
What are the leading importers of formaldehyde from Hong Kong SAR, China?
+
In value terms, Vietnam and Thailand were the largest markets for formaldehyde exported from Hong Kong SAR worldwide.
What is the average export price for formaldehyde in Hong Kong SAR, China?
+
The average formaldehyde export price stood at $961 per ton in 2021, picking up by 15% against the previous year.
What is the average import price for formaldehyde in Hong Kong SAR, China?
+
The average formaldehyde import price stood at $1,056 per ton in 2021, increasing by 31% against the previous year.

This report provides an in-depth analysis of the formaldehyde 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 20146111 - Methanal (formaldehyde)
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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