Hong Kong SAR, China: Market for Prepared Additives For Cements, Mortars Or Concretes 2022

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Hong Kong SAR, China

For the third consecutive year, the Hong Kong prepared additives for cements market recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Prepared Additives For Cements, Mortars Or Concretes in Hong Kong SAR, China

In value terms, prepared additives for cements production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Hong Kong SAR, China

In 2021, the amount of prepared additives for cements, mortars or concretes exported from Hong Kong SAR skyrocketed to X tons, increasing by X% against the year before. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, prepared additives for cements exports surged to $X in 2021. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for prepared additives for cements exports from Hong Kong SAR, with a X% share of total exports. Moreover, prepared additives for cements exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR totaled +X%.

In value terms, Macao SAR ($X) remains the key foreign market for prepared additives for cements exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR stood at +X%.

Export Prices by Country

In 2021, the average prepared additives for cements export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed a slight expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR 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 Prepared Additives For Cements, Mortars Or Concretes

Imports into Hong Kong SAR, China

In 2021, purchases abroad of prepared additives for cements, mortars or concretes increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared additives for cements imports surged to $X in 2021. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest prepared additives for cements supplier to Hong Kong SAR, with a X% share of total imports. Moreover, prepared additives for cements imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) constituted the largest supplier of prepared additives for cements to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, 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: Germany (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2021, the average prepared additives for cements import price amounted to $X per ton, which is down by -X% against the previous year. In general, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for China ($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 mixed trend patterns.

Source: IndexBox Platform