Hong Kong SAR, China: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Hong Kong SAR, China

The Hong Kong synthetic organic colouring matters market expanded slightly to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Other Synthetic Organic Colouring Matters in Hong Kong SAR, China

In value terms, synthetic organic colouring matters production reduced modestly to $X in 2022 estimated in export price. In general, production saw a mild expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. Synthetic organic colouring matters production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Hong Kong SAR, China

In 2022, overseas shipments of other synthetic organic colouring matters decreased by X% to X tons, falling for the ninth consecutive year after two years of growth. Overall, exports faced a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic organic colouring matters exports contracted rapidly to $X in 2022. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for synthetic organic colouring matters exports from Hong Kong SAR, with a X% share of total exports. Moreover, synthetic organic colouring matters exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), ninefold. Turkey (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, China ($X) remains the key foreign market for other synthetic organic colouring matters exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the Philippines ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Hong Kong SAR, China

In 2022, synthetic organic colouring matters imports into Hong Kong SAR shrank dramatically to X tons, with a decrease of X% compared with 2021. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports contracted remarkably to $X in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of synthetic organic colouring matters imports to Hong Kong SAR, with a combined X% share of total imports. Belgium, Malaysia, India, the United States, Spain, South Korea, Germany, Singapore, Indonesia and Thailand lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest synthetic organic colouring matters suppliers to Hong Kong SAR were Japan ($X), China ($X) and Belgium ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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