Hong Kong SAR, China: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Hong Kong SAR, China

In 2022, the Hong Kong organo-inorganic compounds market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded notable growth. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Organo-Inorganic Compounds Production in Hong Kong SAR, China

In value terms, organo-inorganic compounds production reached $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Organo-inorganic compounds production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Hong Kong SAR, China

In 2022, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) exported from Hong Kong SAR contracted significantly to X tons, reducing by X% against the previous year's figure. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, organo-inorganic compounds exports reduced sharply to $X in 2022. In general, exports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for organo-inorganic compounds exports from Hong Kong SAR, with a X% share of total exports. Moreover, organo-inorganic compounds exports to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Hong Kong SAR, China

In 2022, imports of organo-inorganic compounds (excluding organo-sulphur compounds) into Hong Kong SAR shrank dramatically to X tons, waning by X% compared with the year before. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, organo-inorganic compounds imports reduced notably to $X in 2022. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of organo-inorganic compounds imports to Hong Kong SAR, with a combined X% share of total imports. The United States, Germany and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the Netherlands ($X) and the United States ($X) constituted the largest organo-inorganic compounds suppliers to Hong Kong SAR, together accounting for X% of total imports. Japan, Germany and South Korea lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average organo-inorganic compounds import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :