Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR - 2023
Contents:
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR (FOB) - 2022
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR (CIF) - 2022
- Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR
- Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for colouring matter; ultramarine and preparations based therea amounted to $7,082 per ton, surging by 27% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for colouring matter; ultramarine and preparations based therea increased by +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
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 South Korea ($60,896 per ton), while the average price for exports to China ($5,311 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 (+57.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for colouring matter; ultramarine and preparations based therea amounted to $8,764 per ton, with an increase of 67% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for colouring matter; ultramarine and preparations based therea increased by +95.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($51,019 per ton), while the price for Taiwan (Chinese) ($5,502 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 (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR
Exports of colouring matter; ultramarine and preparations based therea from Hong Kong SAR fell sharply to 45 tons in 2022, reducing by -26.5% against the previous year's figure. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18%.
In value terms, exports of colouring matter; ultramarine and preparations based therea contracted to $317K in 2022. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 37%.
| Export of Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 315 | 202 | 275 | 177 | -17.5% |
| South Korea | N/A | N/A | 14.1 | 80.4 | 470.2% |
| Indonesia | 45.4 | 46.2 | 46.3 | 55.8 | 7.1% |
| Others | 2.3 | N/A | 5.0 | 3.8 | 18.2% |
| Total | 362 | 249 | 340 | 317 | -4.3% |
Top Export Markets for Colouring Matter; Ultramarine and Preparations Based Thereon from Hong Kong SAR in 2022:
- China (33.3 tons)
- Indonesia (10.0 tons)
- South Korea (1.3 tons)
Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR
In 2022, imports of colouring matter; ultramarine and preparations based therea into Hong Kong SAR declined significantly to 26 tons, dropping by -50.6% compared with the year before. Overall, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 7.7%.
In value terms, imports of colouring matter; ultramarine and preparations based therea declined sharply to $232K in 2022. Over the period under review, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.
| Import of Colouring Matter; Ultramarine and Preparations Based Thereon in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 178 | 152 | 192 | 121 | -12.1% |
| China | 17.3 | N/A | 10.9 | 77.1 | 64.6% |
| Netherlands | 4.9 | N/A | 5.9 | 28.9 | 80.7% |
| Taiwan (Chinese) | 7.3 | N/A | 5.4 | 5.5 | -9.0% |
| Spain | 338 | N/A | 52.2 | N/A | -60.7% |
| France | N/A | 39.6 | 15.1 | N/A | -61.9% |
| India | 30.1 | N/A | N/A | N/A | 0% |
| Romania | 118 | 37.8 | N/A | N/A | -68.0% |
| Others | 3.0 | 8.3 | N/A | N/A | 176.7% |
| Total | 697 | 238 | 282 | 232 | -30.7% |
Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to Hong Kong SAR in 2022:
- Belgium (20.5 tons)
- Netherlands (3.5 tons)
- China (1.5 tons)
- Taiwan (Chinese) (1.0 tons)
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