Hong Kong SAR, China: Octyl Alcohol Market 2022

Octyl Alcohol Market Size in Hong Kong SAR, China

The Hong Kong octyl alcohol market soared to $X in 2021, surging by X% against the previous year. Over the period under review, consumption showed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Octyl Alcohol Production in Hong Kong SAR, China

In value terms, octyl alcohol production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value 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. Based on 2021 figures, production increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Octyl Alcohol Exports

Exports from Hong Kong SAR, China

Octyl alcohol exports from Hong Kong SAR shrank remarkably to X tons in 2021, waning by -X% against 2020 figures. Over the period under review, exports recorded a significant contraction. The smallest decline of -X% was in 2018. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, octyl alcohol exports dropped rapidly to $X in 2021. In general, exports faced a sharp setback. The smallest decline of -X% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for octyl alcohol exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -X%.

In value terms, China ($X) also remains the key foreign market for octyl alcohol exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -X%.

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined notably in the following year.

As there is only one major export destination, 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 -X% per year.

Octyl Alcohol Imports

Imports into Hong Kong SAR, China

In 2021, after eight years of decline, there was significant growth in purchases abroad of octanol (octyl alcohol) and isomers thereof, when their volume increased by X% to X tons. In general, imports, however, recorded a deep downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, octyl alcohol imports amounted to $X in 2021. Overall, imports, however, showed a abrupt descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of octyl alcohol imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of -X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), Japan ($X) and Saudi Arabia ($X) were the largest octyl alcohol suppliers to Hong Kong SAR, with a combined X% share of total imports.

Japan, with a CAGR of -X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, continues to indicate a slight decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform