![Hong Kong SAR, China - Methyloxirane (Propylene Oxide) - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/hong-kong-sar-china-methyloxirane-propylene-oxide-market-analysis-forecast-size-trends-and-insights.webp)
Hong Kong SAR, China - Methyloxirane (Propylene Oxide) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View Pricing$1.6M Worth of Propylene Oxide Imported by Hong Kongs in 2023 Drops
Hong Kong Propylene Oxide Imports
After ten years of growth, supplies from abroad of methyloxirane (propylene oxide) decreased by -11.5% to 1.2K tons in 2023. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2022 when imports increased by 37% against the previous year. As a result, imports reached the peak of 1.3K tons, and then shrank in the following year.
In value terms, propylene oxide imports shrank to $1.6M (IndexBox estimates) in 2023. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of 23% against the previous year. As a result, imports reached the peak of $1.7M, and then declined in the following year.
COUNTRY | Import Value of Propylene Oxide in Hong Kong (thousand USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 473 | 436 | 481 | 594 | 580 | 1,001 | 1,133 | 1,219 | 117 | 1,644 | 1,488 |
China | 103 | 29.2 | 167 | 9.7 | 139 | 31.0 | 20.1 | 47.0 | 250 | 76.8 | 76.1 |
Netherlands | 57.0 | 235 | 127 | 254 | 174 | 20.5 | 11.4 | 22.8 | 103 | 27.1 | 23.0 |
Denmark | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 956 | N/A | N/A |
Others | 0.3 | 1.3 | 0.7 | 0.6 | 57.4 | N/A | N/A | 0.1 | 0.2 | 0.1 | N/A |
Total | 633 | 701 | 776 | 859 | 951 | 1,052 | 1,165 | 1,289 | 1,427 | 1,748 | 1,587 |
Imports by Country
In 2023, the United States (1.1K tons) was the main propylene oxide supplier to Hong Kong, with a 90% share of total imports. Moreover, propylene oxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (104 tons), tenfold.
From 2013 to 2023, the average annual growth rate of volume from the United States totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and the Netherlands (-8.2% per year).
In value terms, the United States ($1.5M) constituted the largest supplier of methyloxirane (propylene oxide) to Hong Kong, comprising 94% of total imports. The second position in the ranking was taken by China ($76K), with a 4.8% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of value from the United States stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and the Netherlands (-8.7% per year).
Import Prices by Country
In 2023, the propylene oxide price stood at $1,340 per ton (CIF, Hong Kong), increasing by 2.6% against the previous year. In general, the import price, however, recorded a noticeable decrease. The import price peaked at $1,753 per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,683 per ton), while the price for China ($731 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the propylene oxide 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 20146375 - Methyloxirane (propylene oxide)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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