Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR - 2023
Contents:
- Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR (CIF) - 2022
- Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR (FOB) - 2022
- Imports of Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR
- Exports of Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR
Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR (CIF) - 2022
The average import price for cyclic hydrocarbons; mixed xylene isomerses stood at $1,313 per ton in 2022, jumping by 38% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,657 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($1,394 per ton) and China ($1,355 per ton), while the price for South Korea ($1,279 per ton) and Singapore ($1,282 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+33.4%), while the prices for the other major suppliers experienced a decline.
Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR (FOB) - 2022
The average export price for cyclic hydrocarbons; mixed xylene isomerses stood at $1,811 per ton in 2022, falling by -84.8% against the previous year. Overall, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 104%. As a result, the export price attained the peak level of $11,935 per ton, and then fell remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +45.6% per year.
Imports of Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in supplies from abroad of cyclic hydrocarbons; mixed xylene isomerses, which increased by 25% to 307 tons in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 299% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, cyclic hydrocarbons; mixed xylene isomers imports skyrocketed to $403K in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 116%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 20.5 | 37.6 | 65.4 | 223 | 121.6% |
| China | 18.0 | 68.9 | N/A | 54.2 | 44.4% |
| Malaysia | 5.1 | 6.4 | 41.9 | 47.2 | 110.0% |
| Taiwan (Chinese) | 0.7 | 2.7 | 1.4 | 39.0 | 281.9% |
| Singapore | N/A | 8.9 | 102 | 36.7 | 103.1% |
| Others | 19.8 | 14.4 | 23.5 | 3.0 | -46.7% |
| Total | 64.1 | 139 | 234 | 403 | 84.6% |
Top Suppliers of Cyclic Hydrocarbons; Mixed Xylene Isomers to Hong Kong SAR in 2022:
- South Korea (174.5 tons)
- China (40.0 tons)
- Malaysia (35.4 tons)
- Singapore (28.6 tons)
- Taiwan (Chinese) (28.0 tons)
Exports of Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR
In 2022, overseas shipments of cyclic hydrocarbons; mixed xylene isomerses increased by 45% to 1.3 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic descent.
In value terms, cyclic hydrocarbons; mixed xylene isomers exports contracted sharply to $2.3K in 2022. Overall, exports, however, continue to indicate a precipitous decline. The smallest decline of -57.4% was in 2020.
| Export of Cyclic Hydrocarbons; Mixed Xylene Isomers in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 0.2 | 3.6 | 1.7 | 2.3 | 125.7% |
| China | 60.1 | 28.4 | 8.7 | N/A | -62.0% |
| Vietnam | 18.0 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 1.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 78.4 | 33.4 | 10.3 | 2.3 | -69.2% |
Top Export Markets for Cyclic Hydrocarbons; Mixed Xylene Isomers from Hong Kong SAR in 2022:
- Macao SAR (1.3 tons)
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