Nitrile-Function Compounds Price in Hong Kong SAR - 2023

Contents:

1. Nitrile-Function Compounds Price in Hong Kong SAR (FOB) - 2022
2. Nitrile-Function Compounds Price in Hong Kong SAR (CIF) - 2022
3. Nitrile-Function Compounds Exports in Hong Kong SAR
4. Nitrile-Function Compounds Imports in Hong Kong SAR

Nitrile-Function Compounds Price in Hong Kong SAR (FOB) - 2022

In 2022, the average nitrile-function compounds export price amounted to $31,744 per ton, jumping by 108% against the previous year. In general, the export price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 186%. As a result, the export price reached the peak level of $97,282 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,039,211 per ton), while the average price for exports to Taiwan (Chinese) ($4,244 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 (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrile-Function Compounds Price in Hong Kong SAR (CIF) - 2022

The average nitrile-function compounds import price stood at $8,279 per ton in 2022, rising by 11% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. The import price peaked at $17,769 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the United States ($18,066 per ton), while the price for Singapore ($2,443 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrile-Function Compounds Exports in Hong Kong SAR

In 2022, shipments abroad of nitrile-function compoundses decreased by -84.9% to 21 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports reached the peak of 141 tons, and then reduced notably in the following year.

In value terms, nitrile-function compounds exports declined remarkably to $676K in 2022. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 59%. As a result, the exports attained the peak of $2.2M, and then fell remarkably in the following year.

Top Export Markets for Nitrile-Function Compounds from Hong Kong SAR in 2022:

1. China (16.0 tons)
2. Singapore (2.4 tons)
3. United States (1.1 tons)
4. Macao SAR (0.6 tons)
5. Taiwan (Chinese) (0.3 tons)
6. France (0.3 tons)
7. Japan (0.3 tons)

Nitrile-Function Compounds Imports in Hong Kong SAR

After three years of growth, purchases abroad of nitrile-function compoundses decreased by -29.3% to 195 tons in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of 275 tons, and then dropped significantly in the following year.

In value terms, nitrile-function compounds imports reduced notably to $1.6M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of $2.1M, and then fell sharply in the following year.

Top Suppliers of Nitrile-Function Compounds to Hong Kong SAR in 2022:

1. Netherlands (undefined tons)
2. China (116.8 tons)
3. Germany (41.2 tons)
4. South Korea (14.3 tons)
5. Singapore (8.1 tons)
6. Thailand (7.4 tons)

Source: IndexBox Market Intelligence Platform