Carbonates; Potassium Carbonate Price in Hong Kong SAR - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Hong Kong SAR (CIF) - 2022
- Carbonates; Potassium Carbonate Price in Hong Kong SAR (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Hong Kong SAR
- Carbonates; Potassium Carbonate Exports in Hong Kong SAR
Carbonates; Potassium Carbonate Price in Hong Kong SAR (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $1,294 per ton, growing by 41% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,608 per ton), while the price for China ($1,051 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in Hong Kong SAR (FOB) - 2022
In 2022, the average carbonates; potassium carbonate export price amounted to $1,867 per ton, jumping by 51% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate export price increased by +54.2% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($2,549 per ton), while the average price for exports to China ($396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+86.3%), while the prices for the other major destinations experienced more modest paces of growth.
Carbonates; Potassium Carbonate Imports in Hong Kong SAR
In 2022, supplies from abroad of carbonates; potassium carbonates decreased by -70.8% to 243 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of 834 tons, and then fell notably in the following year.
In value terms, carbonates; potassium carbonate imports fell markedly to $315K in 2022. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. As a result, imports reached the peak of $766K, and then declined notably in the following year.
| Import of Carbonates; Potassium Carbonate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.3 | 93.6 | 180 | 107 | 27.8% |
| Thailand | 220 | 252 | 247 | 105 | -21.9% |
| South Korea | 34.1 | 33.4 | 312 | 77.2 | 31.3% |
| Japan | 35.2 | 35.2 | 20.7 | 18.9 | -18.7% |
| Taiwan (Chinese) | N/A | N/A | N/A | 7.2 | 0% |
| Others | N/A | 5.6 | 6.5 | N/A | 16.1% |
| Total | 341 | 420 | 766 | 315 | -2.6% |
Top Suppliers of Carbonates; Potassium Carbonate to Hong Kong SAR in 2022:
- China (101.4 tons)
- Thailand (72.0 tons)
- South Korea (48.0 tons)
- Japan (17.1 tons)
- Taiwan (Chinese) (5.0 tons)
Carbonates; Potassium Carbonate Exports in Hong Kong SAR
In 2022, overseas shipments of carbonates; potassium carbonates decreased by -5.1% to 21 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 7.9%. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, carbonates; potassium carbonate exports soared to $39K in 2022. In general, exports continue to indicate a pronounced decrease.
| Export of Carbonates; Potassium Carbonate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 4.2 | 14.3 | 7.1 | 21.3 | 71.8% |
| Panama | 8.5 | 2.7 | 8.1 | 13.9 | 17.8% |
| Macao SAR | 8.7 | 3.1 | 4.6 | 2.3 | -35.8% |
| China | 20.6 | 9.4 | 7.2 | 1.2 | -61.2% |
| Canada | N/A | 4.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.0 | 33.7 | 27.0 | 38.7 | -2.7% |
Top Export Markets for Carbonates; Potassium Carbonate from Hong Kong SAR in 2022:
- Mauritius (11.2 tons)
- Panama (5.5 tons)
- China (3.0 tons)
- Macao SAR (1.1 tons)
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