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Hong Kong SAR, China - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAbrasives Price in Hong Kong SAR - 2023
Contents:
- Abrasives Price in Hong Kong SAR (FOB) - 2022
- Abrasives Price in Hong Kong SAR (CIF) - 2022
- Abrasives Exports in Hong Kong SAR
- Abrasives Imports in Hong Kong SAR
Abrasives Price in Hong Kong SAR (FOB) - 2022
In 2022, the average abrasives export price amounted to $348 per ton, with a decrease of -88.2% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 89%. Over the period under review, the average export prices attained the peak figure at $5,163 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -9.6% per year.
Abrasives Price in Hong Kong SAR (CIF) - 2022
The average abrasives import price stood at $2,821 per ton in 2022, declining by -5.2% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2021 an increase of 112% against the previous year. As a result, import price attained the peak level of $2,977 per ton, and then contracted in the following year.
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 Japan ($8,648 per ton), while the price for Turkey ($118 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Abrasives Exports in Hong Kong SAR
In 2022, the amount of abrasives (natural) exported from Hong Kong SAR soared to 2.6K tons, picking up by 262% against the previous year's figure. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 289%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, abrasives exports dropped notably to $904K in 2022. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 121% against the previous year. As a result, the exports attained the peak of $2.1M, and then reduced sharply in the following year.
Export of Abrasives in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.8 | 0.9 | 2.1 | 0.9 | 4.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.8 | 1.0 | 2.1 | 0.9 | 4.0% |
Top Export Markets for Abrasives from Hong Kong SAR in 2022:
- China (2.6K tons)
Abrasives Imports in Hong Kong SAR
In 2022, supplies from abroad of abrasives (natural) decreased by -59.7% to 236 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic setback. The growth pace was the most rapid in 2020 when imports increased by less than 0.1% against the previous year. As a result, imports reached the peak of 698 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, abrasives imports dropped notably to $666K in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, imports attained the peak of $1.7M, and then declined markedly in the following year.
Import of Abrasives in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 625 | 824 | 1,601 | 607 | -1.0% |
United States | 61.5 | 39.1 | 76.3 | 28.9 | -22.3% |
China | 50.8 | 72.4 | 46.3 | 21.0 | -25.5% |
Indonesia | 20.2 | 10.2 | 7.3 | 4.7 | -38.5% |
Turkey | 2.1 | 2.0 | 10.2 | 3.9 | 22.9% |
Iran | N/A | 29.4 | N/A | N/A | 0% |
Others | 9.9 | 0.9 | N/A | N/A | -90.9% |
Total | 769 | 978 | 1,741 | 666 | -4.7% |
Top Suppliers of Abrasives to Hong Kong SAR in 2022:
- China (73.8 tons)
- Japan (70.2 tons)
- United States (34.3 tons)
- Turkey (32.8 tons)
- Indonesia (24.8 tons)
This report provides an in-depth analysis of the abrasives 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 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
- Prodcom 08992220 -
- Prodcom 08992230 -
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
-
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
This report provides an in-depth analysis of the abrasives market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global abrasives market.
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.
This report provides an in-depth analysis of the abrasives market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global abrasives market.
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.
The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
Global abrasive imports stood at X tons in 2016, declining by -X% against the previous year level. Overall, abrasive imports continue to indicate a relatively flat trend pattern. The pace of gr...
Global abrasive imports stood at X tons in 2016, declining by -X% against the previous year level. Overall, abrasive imports continue to indicate a relatively flat trend pattern. The pace of gr...
The global natural abrasives trade amounted to X million USD in 2015, falling from X million USD in 2014. However, the previous gains allowed keeping the overall growth positive, with a CAGR of +X% from 2007 to 2015.
The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.