Hong Kong SAR, China: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in the Hong Kong platinum catalysts market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a pronounced increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Platinum Catalysts Production in Hong Kong SAR, China

In value terms, platinum catalysts production stood at less than $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X,500%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Platinum Catalysts Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of platinum catalysts was finally on the rise to reach X kg after four years of decline. Over the period under review, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, platinum catalysts exports expanded notably to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X kg) was the main destination for platinum catalysts exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, platinum catalysts exports to Indonesia exceeded the volume sent to the second major destination, the Philippines (X kg), threefold. The third position in this ranking was taken by Palestine (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Palestine (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for platinum catalysts exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the UK (X% per year).

Export Prices by Country

The average platinum catalysts export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X,457 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X,000 per ton), while the average price for exports to Palestine ($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 Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Platinum Catalysts Imports

Imports into Hong Kong SAR, China

In 2022, imports of platinum catalysts into Hong Kong SAR shrank to X kg, with a decrease of X% compared with the previous year's figure. Over the period under review, imports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X kg in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum catalysts imports contracted to $X in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X kg), Italy (X kg) and Thailand (X kg) were the main suppliers of platinum catalysts imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest platinum catalysts suppliers to Hong Kong SAR were Singapore ($X), Japan ($X) and Italy ($X), together accounting for X% of total imports. The Philippines, the UK, Thailand and Indonesia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per kg, waning by X% against the previous year. In general, the import price saw a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per kg in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per kg), while the price for Indonesia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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