Hong Kong SAR, China: Potassium Hydroxide Market 2022

Potassium Hydroxide Market Size in Hong Kong SAR, China

After three years of growth, the Hong Kong potassium hydroxide market decreased by -X% to $X in 2021. In general, consumption continues to indicate a pronounced reduction. Potassium hydroxide consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Potassium Hydroxide Production in Hong Kong SAR, China

In value terms, potassium hydroxide production declined modestly to $X in 2021 estimated in export price. In general, production saw a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Potassium Hydroxide Exports

Exports from Hong Kong SAR, China

In 2021, the amount of potassium hydroxide (caustic potash) exported from Hong Kong SAR surged to X tons, picking up by X% compared with 2020. Over the period under review, exports enjoyed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassium hydroxide exports skyrocketed to $X in 2021. In general, exports continue to indicate a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for potassium hydroxide exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) amounted to +X%.

In value terms, Taiwan (Chinese) ($X) also remains the key foreign market for potassium hydroxide exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +X%.

Export Prices by Country

In 2021, the average potassium hydroxide export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw modest growth. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +X% per year.

Potassium Hydroxide Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of potassium hydroxide (caustic potash) were imported into Hong Kong SAR; increasing by X% compared with the previous year. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, potassium hydroxide imports skyrocketed to $X in 2021. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, South Korea (X tons) constituted the largest potassium hydroxide supplier to Hong Kong SAR, with a X% share of total imports. Moreover, potassium hydroxide imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Germany (+X% per year).

In value terms, South Korea ($X), Germany ($X) and Japan ($X) constituted the largest potassium hydroxide suppliers to Hong Kong SAR, with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potassium hydroxide import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform