Hong Kong SAR, China - Cadmium And Articles Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kong Sees Significant Drop in Cadmium Imports, Totals $1.8M in 2023
Hong Kong Cadmium Imports
In 2023, approx. 507 tons of cadmium and articles thereof were imported into Hong Kong; waning by -19.1% compared with the year before. In general, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 546%. Over the period under review, imports attained the peak figure at 761 tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.
In value terms, cadmium imports dropped sharply to $1.8M (IndexBox estimates) in 2023. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2018 when imports increased by 440% against the previous year. Imports peaked at $2.7M in 2020; however, from 2021 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Cadmium in Hong Kong (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| South Korea | N/A | N/A | 59.0 | N/A | N/A | 1,026 | 1,673 | 1,496 | 190 | 1,123 | 922 |
| China | 53.1 | 218 | 485 | 366 | 397 | 1,307 | 716 | 1,187 | 1,028 | 1,047 | 881 |
| Others | 318 | N/A | 24.5 | N/A | 45.1 | 56.2 | N/A | N/A | 218 | N/A | N/A |
| Total | 372 | 218 | 569 | 366 | 442 | 2,389 | 2,389 | 2,683 | 1,437 | 2,169 | 1,803 |
Imports by Country
In 2023, South Korea (362 tons) constituted the largest supplier of cadmium to Hong Kong, accounting for a 71% share of total imports. Moreover, cadmium imports from South Korea exceeded the figures recorded by the second-largest supplier, China (145 tons), threefold.
From 2013 to 2023, the average annual growth rate of volume from South Korea totaled +31.7%.
In value terms, South Korea ($922K) and China ($881K) were the largest cadmium suppliers to Hong Kong.
In terms of the main suppliers, South Korea, with a CAGR of +41.0%, recorded the highest growth rate of the value of imports, over the period under review.
Import Prices by Country
In 2023, the cadmium price stood at $3,560 per ton (CIF, Hong Kong), picking up by 2.8% against the previous year. Overall, import price indicated a prominent expansion from 2013 to 2023: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cadmium import price decreased by -4.2% against 2021 indices. The growth pace was the most rapid in 2014 when the average import price increased by 139% against the previous year. Over the period under review, average import prices hit record highs at $5,681 per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,095 per ton), while the price for South Korea totaled $2,547 per ton.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the cadmium 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:
- Prodcom 24453030 - Bismuth and articles thereof, including waste and scrap, n .e.c., cadmium and articles thereof (excluding waste and scrap), n.e.c.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
