Report Hong Kong SAR, China - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 26, 2022

Hong Kong SAR, China - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
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Hong Kong SAR, China: Market for Nitric Acid And Sulphonitric Acids 2022

Market Size for Nitric Acid And Sulphonitric Acids in Hong Kong SAR, China

The Hong Kong nitric and sulphonitric acids market expanded significantly to $X in 2021, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a perceptible setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Hong Kong SAR, China

In 2021, overseas shipments of nitric acid and sulphonitric acids were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, recorded a noticeable descent. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports soared to $X in 2021. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X%. 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

South Korea (X tons) was the main destination for nitric and sulphonitric acids exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, nitric and sulphonitric acids exports to South Korea exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +X%.

In value terms, South Korea ($X) emerged as the key foreign market for nitric and sulphonitric acids exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea stood at +X%.

Export Prices by Country

In 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, falling by -X% against the previous year. In general, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2020, and then contracted notably in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to South Korea stood at $X per ton.

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

Imports of Nitric Acid And Sulphonitric Acids

Imports into Hong Kong SAR, China

In 2021, imports of nitric acid and sulphonitric acids into Hong Kong SAR dropped slightly to X tons, remaining relatively unchanged against 2020. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, nitric and sulphonitric acids imports soared to $X in 2021. Over the period under review, imports saw a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Thailand (X tons) and China (X tons) were the main suppliers of nitric and sulphonitric acids imports to Hong Kong SAR, with a combined X% share of total imports. These countries were followed by Malaysia and Taiwan (Chinese), which together accounted for a further X 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Thailand ($X) and China ($X) appeared to be the largest nitric and sulphonitric acids suppliers to Hong Kong SAR, with a combined X% share of total imports. Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X the main suppliers, Taiwan (Chinese), with a CAGR of +X%, recorded the highest rates of growth with regard to 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 nitric and sulphonitric acids import price stood at $X per ton in 2021, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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 nitric acid and sulphonitric acids in the world?
+
China remains the largest nitric and sulphonitric acids consuming country worldwide, accounting for 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 9.5% share.
What are the largest producers of nitric acid and sulphonitric acids in the world?
+
China constituted the country with the largest volume of nitric and sulphonitric acids production, accounting for 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.
What are the leading suppliers of nitric acid and sulphonitric acids to Hong Kong SAR, China?
+
In value terms, the largest nitric and sulphonitric acids suppliers to Hong Kong SAR were South Korea, Thailand and China, together comprising 78% of total imports. These countries were followed by Taiwan Chinese) and Malaysia, which together accounted for a further 8.1%.
What are the leading importers of nitric acid and sulphonitric acids from Hong Kong SAR, China?
+
In value terms, South Korea emerged as the key foreign market for nitric and sulphonitric acids exports from Hong Kong SAR, comprising 63% of total exports. The second position in the ranking was occupied by China, with a 25% share of total exports.
What is the average export price for nitric acid and sulphonitric acids in Hong Kong SAR, China?
+
The average nitric and sulphonitric acids export price stood at $3,227 per ton in 2021, reducing by -37.4% against the previous year.
What is the average import price for nitric acid and sulphonitric acids in Hong Kong SAR, China?
+
In 2021, the average nitric and sulphonitric acids import price amounted to $590 per ton, rising by 23% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric acids
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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