Hong Kong SAR, China: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2022

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Hong Kong SAR, China

In 2021, the Hong Kong pigments, opacifiers and colours market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Hong Kong SAR, China

In value terms, pigments, opacifiers and colours production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Hong Kong SAR, China

In 2021, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were exported from Hong Kong SAR; growing by X% on the previous year's figure. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for pigments, opacifiers and colours exports from Hong Kong SAR, with a X% share of total exports. Moreover, pigments, opacifiers and colours exports to China exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold.

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

In value terms, China ($X) remains the key foreign market for pigments, opacifiers and colours exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

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

Export Prices by Country

In 2021, the average pigments, opacifiers and colours export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price, however, posted a tangible increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2020, and then shrank sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to China amounted to $X per ton.

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

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Hong Kong SAR, China

In 2021, pigments, opacifiers and colours imports into Hong Kong SAR shrank dramatically to X tons, dropping by -X% against 2020. Over the period under review, imports showed a sharp decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pigments, opacifiers and colours imports rose sharply to $X in 2021. In general, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and Italy (X tons) were the main suppliers of pigments, opacifiers and colours 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, Japan ($X) constituted the largest supplier of pigments, opacifiers and colours to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the UK, with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the UK (-X% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price saw resilient growth. 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 Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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