Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,433 per ton, approximately reflecting the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $3,746 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($2,755 per ton) and the Netherlands ($2,246 per ton), while the price for China ($1,845 per ton) and Taiwan (Chinese) ($2,184 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $9,921 per ton, surging by 80% against the previous year. In general, the export price showed pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of 359%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 +3.4% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR
In 2022, approx. 65 tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into Hong Kong SAR; with a decrease of -34.8% against the year before. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, imports reached the peak of 100 tons, and then dropped significantly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses shrank rapidly to $158K in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of $244K, and then fell significantly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 135 | 110 | 181 | 89.7 | -12.7% |
| Taiwan (Chinese) | 25.4 | 38.5 | 32.0 | 39.3 | 15.7% |
| China | 11.3 | 10.9 | 19.6 | 18.4 | 17.6% |
| Netherlands | N/A | N/A | N/A | 9.2 | 0% |
| Singapore | 7.1 | 7.1 | N/A | N/A | 0.0% |
| Others | 6.5 | N/A | 11.2 | 1.4 | -40.1% |
| Total | 185 | 166 | 244 | 158 | -5.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Hong Kong SAR in 2022:
- Canada (32.6 tons)
- Taiwan (Chinese) (18.0 tons)
- China (10.0 tons)
- Netherlands (4.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR
In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Hong Kong SAR soared to 18 tons, rising by 103% on the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses soared to $87K in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.5 | 32.6 | 49.6 | 86.9 | 40.3% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 31.5 | 33.9 | 49.6 | 86.9 | 40.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Hong Kong SAR in 2022:
- China (18.3 tons)
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