Hong Kong SAR, China - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in Hong Kong SAR - 2023
Contents:
- Acetic Acid Price in Hong Kong SAR (CIF) - 2022
- Acetic Acid Price in Hong Kong SAR (FOB) - 2022
- Acetic Acid Imports in Hong Kong SAR
- Acetic Acid Exports in Hong Kong SAR
Acetic Acid Price in Hong Kong SAR (CIF) - 2022
The average acetic acid import price stood at $1,332 per ton in 2022, growing by 13% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acetic acid import price increased by +81.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($6,302 per ton), while the price for South Korea ($1,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Acetic Acid Price in Hong Kong SAR (FOB) - 2022
In 2022, the average acetic acid export price amounted to $1,764 per ton, flattening at the previous year. In general, the export price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,764 per ton), while the average price for exports to the UK amounted to $1,763 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.6%), while the prices for the other major destinations experienced a decline.
Acetic Acid Imports in Hong Kong SAR
In 2022, approx. 238 tons of acetic acid were imported into Hong Kong SAR; reducing by -32.9% compared with 2021. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, imports attained the peak of 355 tons, and then reduced markedly in the following year.
In value terms, acetic acid imports declined rapidly to $317K in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 124%. As a result, imports reached the peak of $418K, and then declined dramatically in the following year.
Import of Acetic Acid in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 178 | 139 | 357 | 251 | 12.1% |
Belgium | N/A | 9.6 | 36.6 | 40.8 | 106.2% |
Vietnam | N/A | N/A | N/A | 9.7 | 0% |
Switzerland | 29.5 | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | 54.7 | 26.8 | 16.8 | N/A | -44.6% |
Others | 7.4 | 10.9 | 7.9 | 15.6 | 28.2% |
Total | 269 | 186 | 418 | 317 | 5.6% |
Top Suppliers of Acetic Acid to Hong Kong SAR in 2022:
- South Korea (223.0 tons)
- Belgium (6.5 tons)
- Vietnam (6.0 tons)
Acetic Acid Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of acetic acid, which decreased by 0% to 11 tons in 2022. In general, exports faced a precipitous setback. The smallest decline of -76.4% was in 2020.
In value terms, acetic acid exports amounted to $19K in 2022. Over the period under review, exports showed a sharp reduction. The smallest decline of -74.4% was in 2020.
Export of Acetic Acid in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 71.5 | 18.3 | N/A | 17.0 | -38.0% |
United Kingdom | N/A | N/A | N/A | 1.8 | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 71.5 | 18.3 | N/A | 18.8 | -35.9% |
Top Export Markets for Acetic Acid from Hong Kong SAR in 2022:
- China (9.6 tons)
- United Kingdom (1.0 tons)
This report provides an in-depth analysis of the acetic acid 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 20143271 - Acetic acid
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
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