Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR - 2023
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR (CIF) - 2023
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $14,851 per ton, shrinking by -6.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 15% against the previous month. As a result, import price attained the peak level of $17,996 per ton. From September 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($15,092 per ton), while the price for India stood at $14,240 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Singapore (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $11,125 per ton, which is down by -9% against the previous year. Overall, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 53% against the previous year. The export price peaked at $32,815 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($24,163 per ton), while the average price for exports to Cambodia ($8,049 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 China (-2.0%), while the prices for the other major destinations experienced a decline.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR
In 2022, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol into Hong Kong SAR contracted dramatically to 522 tons, which is down by -27.3% against the previous year. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 66%. As a result, imports reached the peak of 717 tons, and then declined dramatically in the following year.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol declined significantly to $8.7M in 2022. In general, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 24%.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.6 | 6.5 | 8.2 | 6.4 | -25.7% |
| India | 3.8 | 3.1 | 3.8 | 2.0 | -19.3% |
| Singapore | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 20.1 | 9.8 | 12.2 | 8.7 | -24.4% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to Hong Kong SAR in 2022:
- China (387.0 tons)
- India (116.5 tons)
- Singapore (18.0 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR
Exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol from Hong Kong SAR contracted rapidly to 12 tons in 2022, reducing by -76.9% against 2021 figures. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 106%.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol reduced rapidly to $137K in 2022. Overall, exports recorded a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 174 | 24.1 | 36.2 | 72.4 | -25.3% |
| Taiwan (Chinese) | 13.7 | 30.3 | 27.6 | 23.5 | 19.7% |
| Indonesia | 20.5 | 32.3 | 17.2 | 23.2 | 4.2% |
| Macao SAR | 118 | 34.5 | 21.0 | 15.7 | -48.9% |
| China | 567 | 25.2 | 550 | 0.9 | -88.3% |
| Singapore | 171 | 3.0 | N/A | N/A | -98.2% |
| South Africa | N/A | 364 | N/A | N/A | 0% |
| Others | N/A | 6.3 | N/A | 1.4 | -52.9% |
| Total | 1,065 | 520 | 652 | 137 | -49.5% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from Hong Kong SAR in 2022:
- Cambodia (9.0 tons)
- Indonesia (1.4 tons)
- Taiwan (Chinese) (1.1 tons)
- Macao SAR (0.7 tons)
- China (0.1 tons)
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