Hong Kong SAR, China: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Hong Kong SAR, China

The Hong Kong polyethylene in primary forms market contracted slightly to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a moderate 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 2020 indices. Polyethylene in primary forms consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Polyethylene in Primary Forms in Hong Kong SAR, China

In value terms, polyethylene in primary forms production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Hong Kong SAR, China

Polyethylene in primary forms exports from Hong Kong SAR shrank markedly to X tons in 2022, dropping by X% compared with the previous year. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports contracted markedly to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for polyethylene in primary forms exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, polyethylene in primary forms exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

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

In value terms, China ($X) remains the key foreign market for polyethylene in primary forms exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

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

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 Vietnam (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene in Primary Forms

Imports into Hong Kong SAR, China

In 2022, polyethylene in primary forms imports into Hong Kong SAR declined markedly to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, polyethylene in primary forms imports declined dramatically to $X in 2022. Overall, imports faced a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest polyethylene in primary forms supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, polyethylene in primary forms imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene in primary forms to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the United States (X% per year).

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($X per ton) and the United States ($X per ton), while the price for Saudi Arabia ($X per ton) and Kuwait ($X per ton) were 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 a decline.

Source: IndexBox Platform