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Report Hong Kong SAR, China - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Hong Kong SAR, China - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Sodium Nitrate Market 2023

Sodium Nitrate Market Size in Hong Kong SAR, China

The Hong Kong sodium nitrate market totaled $X in 2021, standing approx. at the previous year. Over the period under review, consumption posted significant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Sodium Nitrate Production in Hong Kong SAR, China

In value terms, sodium nitrate production totaled $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.2% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 31%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Sodium Nitrate Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of sodium nitrate increased by 66% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 223% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, sodium nitrate exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 253%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for sodium nitrate exports from Hong Kong SAR, accounting for a 63% share of total exports. Moreover, sodium nitrate exports to India exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and the United States (-33.4% per year).

In value terms, India ($X) remains the key foreign market for sodium nitrate exports from Hong Kong SAR, comprising 50% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Malaysia (-13.3% per year).

Export Prices by Country

In 2021, the average sodium nitrate export price amounted to $X per ton, declining by -18.7% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium nitrate export price decreased by -20.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 38%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.9%), while the prices for the other major destinations experienced a decline.

Sodium Nitrate Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of sodium nitrate were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,776% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, sodium nitrate imports skyrocketed to $X in 2021. In general, imports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,034%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest sodium nitrate supplier to Hong Kong SAR, with a 40% share of total imports. Moreover, sodium nitrate imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +72.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.1% per year) and the United States (+75.9% per year).

In value terms, the largest sodium nitrate suppliers to Hong Kong SAR were Germany ($X), Japan ($X) and the Netherlands ($X), together accounting for 70% of total imports. Taiwan (Chinese), China, the United States and Belgium lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +67.6%, saw the highest growth rate of 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 sodium nitrate import price amounted to $X per ton, reducing by -24.8% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 39%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium nitrate in the world?
+
The countries with the highest volumes of consumption in 2021 were Chile, Belgium and Germany, with a combined 58% share of global consumption. These countries were followed by Denmark, Ukraine, Trinidad and Tobago, the United Arab Emirates, China, Russia, the United States, Japan, Malaysia and Brazil, which together accounted for a further 28%.
What are the largest producers of sodium nitrate in the world?
+
The country with the largest volume of sodium nitrate production was Chile, comprising approx. 37% of total volume. Moreover, sodium nitrate production in Chile exceeded the figures recorded by the second-largest producer, Belgium, twofold. Germany ranked third in terms of total production with a 13% share.
What are the leading suppliers of sodium nitrate to Hong Kong SAR, China?
+
In value terms, Germany, Japan and the Netherlands were the largest sodium nitrate suppliers to Hong Kong SAR, with a combined 70% share of total imports. These countries were followed by Taiwan Chinese), China, the United States and Belgium, which together accounted for a further 30%.
What are the leading importers of sodium nitrate from Hong Kong SAR, China?
+
In value terms, India remains the key foreign market for sodium nitrate exports from Hong Kong SAR, comprising 50% of total exports. The second position in the ranking was taken by the Philippines, with a 17% share of total exports. It was followed by Malaysia, with an 11% share.
What is the average export price for sodium nitrate in Hong Kong SAR, China?
+
The average sodium nitrate export price stood at $797 per ton in 2021, which is down by -18.7% against the previous year.
What is the average import price for sodium nitrate in Hong Kong SAR, China?
+
In 2021, the average sodium nitrate import price amounted to $737 per ton, dropping by -24.8% against the previous year.

This report provides an in-depth analysis of the sodium nitrate market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 4005 -
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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