Dithionites and Sulphoxylates Price in Hong Kong SAR - 2023
Contents:
- Dithionites and Sulphoxylates Price in Hong Kong SAR (CIF) - 2022
- Dithionites and Sulphoxylates Price in Hong Kong SAR (FOB) - 2022
- Dithionites and Sulphoxylates Imports in Hong Kong SAR
- Dithionites and Sulphoxylates Exports in Hong Kong SAR
Dithionites and Sulphoxylates Price in Hong Kong SAR (CIF) - 2022
In 2022, the average dithionites and sulphoxylates import price amounted to $4,758 per ton, waning by -18.6% against the previous year. In general, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 105%. Over the period under review, average import prices reached the maximum at $6,461 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Germany ($7,529 per ton), while the price for China stood at $1,388 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced a decline.
Dithionites and Sulphoxylates Price in Hong Kong SAR (FOB) - 2022
In 2022, the average dithionites and sulphoxylates export price amounted to $8,787 per ton, surging by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2014 when the average export price increased by 45% against the previous year. As a result, the export price reached the peak level of $10,964 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($9,336 per ton) and Japan ($8,952 per ton), while the average price for exports to Malaysia ($8,124 per ton) and China ($8,851 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Dithionites and Sulphoxylates Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in supplies from abroad of dithionites and sulphoxylateses, when their volume decreased by -10.6% to 217 tons. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%.
In value terms, dithionites and sulphoxylates imports shrank markedly to $1M in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 67%. As a result, imports attained the peak of $1.4M, and then declined markedly in the following year.
| Import of Dithionites and Sulphoxylates in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 580 | 751 | 1,336 | 894 | 15.5% |
| China | 43.0 | 31.1 | 58.8 | 136 | 46.8% |
| Belgium | N/A | N/A | 21.7 | N/A | 0% |
| Netherlands | N/A | 43.4 | N/A | N/A | 0% |
| Others | 13.3 | 23.6 | 3.1 | 2.9 | -39.8% |
| Total | 636 | 849 | 1,420 | 1,033 | 17.5% |
Top Suppliers of Dithionites and Sulphoxylates to Hong Kong SAR in 2022:
- Germany (118.7 tons)
- China (98.2 tons)
Dithionites and Sulphoxylates Exports in Hong Kong SAR
In 2022, the amount of dithionites and sulphoxylateses exported from Hong Kong SAR surged to 137 tons, picking up by 19% compared with 2021. The total export volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, dithionites and sulphoxylates exports soared to $1.2M in 2022. The total export value increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 25%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Dithionites and Sulphoxylates in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 604 | 825 | 635 | 982 | 17.6% |
| Malaysia | 83.2 | 114 | 196 | 114 | 11.1% |
| Japan | 112 | 101 | 72.8 | 103 | -2.8% |
| Vietnam | 61.2 | 56.8 | 54.9 | 4.7 | -57.5% |
| Others | 13.3 | N/A | 11.1 | N/A | -8.6% |
| Total | 874 | 1,096 | 969 | 1,203 | 11.2% |
Top Export Markets for Dithionites and Sulphoxylates from Hong Kong SAR in 2022:
- China (110.9 tons)
- Malaysia (14.0 tons)
- Japan (11.5 tons)
- Vietnam (0.5 tons)
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