Hong Kong SAR, China - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Glycol Price in Hong Kong SAR - 2023
Contents:
- Ethylene Glycol Price in Hong Kong SAR (FOB) - 2022
- Ethylene Glycol Price in Hong Kong SAR (CIF) - 2022
- Ethylene Glycol Exports in Hong Kong SAR
- Ethylene Glycol Imports in Hong Kong SAR
Ethylene Glycol Price in Hong Kong SAR (FOB) - 2022
In 2022, the average ethylene glycol export price amounted to $2,290 per ton, with an increase of 22% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene glycol export price increased by +33.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 43%. Over the period under review, the average export prices hit record highs at $2,434 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($2,315 per ton), while the average price for exports to Japan stood at $1,613 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Ethylene Glycol Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ethylene glycol import price amounted to $1,642 per ton, increasing by 4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.6%. The pace of growth was the most pronounced in 2013 an increase of 52% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1,663 per ton), while the price for China stood at $1,635 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+41.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ethylene Glycol Exports in Hong Kong SAR
In 2022, exports of ethylene glycol (ethanediol) from Hong Kong SAR reduced rapidly to 37 tons, dropping by -50.5% on the previous year. In general, exports showed a dramatic downturn. The smallest decline of -9% was in 2020.
In value terms, ethylene glycol exports contracted significantly to $86K in 2022. Overall, exports faced a significant contraction. The smallest decline of -25.6% was in 2020.
Export of Ethylene Glycol in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 85.8 | 28.6 | 79.7 | 83.4 | -0.9% |
Japan | N/A | 123 | 3.6 | 2.2 | -86.6% |
China | 472 | 258 | 44.8 | N/A | -69.2% |
Others | N/A | 4.9 | 13.0 | N/A | 165.3% |
Total | 558 | 415 | 141 | 85.6 | -46.5% |
Top Export Markets for Ethylene Glycol from Hong Kong SAR in 2022:
- Macao SAR (36.0 tons)
- Japan (1.4 tons)
Ethylene Glycol Imports in Hong Kong SAR
After two years of decline, overseas purchases of ethylene glycol (ethanediol) increased by 170% to 172 tons in 2022. In general, imports enjoyed perceptible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ethylene glycol imports skyrocketed to $283K in 2022. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Ethylene Glycol in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | 37.7 | 83.9 | 278 | 171.6% |
Singapore | 17.6 | 18.5 | 12.9 | 3.4 | -42.2% |
Taiwan (Chinese) | 199 | 20.6 | 1.7 | N/A | -90.8% |
Others | 3.4 | 1.4 | 2.2 | 1.5 | -23.9% |
Total | 220 | 78.1 | 101 | 283 | 8.8% |
Top Suppliers of Ethylene Glycol to Hong Kong SAR in 2022:
- China (170.2 tons)
- Singapore (2.0 tons)
This report provides an in-depth analysis of the ethylene glycol 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 20142310 - Ethylene glycol (ethanediol)
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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