Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR - 2023
Contents:
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR (CIF) - 2022
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR (FOB) - 2022
- Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR
- Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 amounted to $14,526 per ton, shrinking by -19.4% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 412%. The import price peaked at $69,687 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($182,877 per ton), while the price for China amounted to $11,926 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 amounted to $12,962 per ton, which is down by -17.2% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 771% against the previous year. As a result, the export price reached the peak level of $118,304 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
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 the United States amounted to +34.9% per year.
Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR
In 2022, imports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 into Hong Kong SAR skyrocketed to 30 tons, picking up by 145% compared with the previous year's figure. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 552%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 soared to $437K in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.1 | 118 | 99.2 | 217 | 57.0% |
| United States | 17.9 | 3.5 | 34.3 | 74.8 | 61.1% |
| Belgium | N/A | N/A | 57.9 | N/A | 0% |
| Netherlands | N/A | N/A | 16.9 | N/A | 0% |
| Others | N/A | N/A | 12.5 | 145 | 1060.0% |
| Total | 74.0 | 121 | 221 | 437 | 80.8% |
Top Suppliers of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 to Hong Kong SAR in 2022:
- China (18.2 tons)
- United States (0.4 tons)
Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in overseas shipments of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2, which increased by 44% to 21 tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 454% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, exports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 soared to $271K in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 244%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.2 | 61.0 | 224 | 64.0 | 15.8% |
| Others | 6.4 | 5.0 | 3.4 | 207 | 218.6% |
| Total | 47.6 | 66.0 | 227 | 271 | 78.6% |
Top Export Markets for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 from Hong Kong SAR in 2022:
- China (3.0 tons)
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