Price for Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR (CIF) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR
- Exports of Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR
Price for Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for dyes; pigments and preparations based therea amounted to $4,296 per ton, with a decrease of -44.2% against the previous month. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 36% m-o-m. The import price peaked at $18,337 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($26,544 per ton), while the price for China ($2,969 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR (FOB) - 2022
The average export price for dyes; pigments and preparations based therea stood at $21,433 per ton in 2022, jumping by 32% against the previous year. Over the period under review, export price indicated a strong expansion 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 dyes; pigments and preparations based therea increased by +29.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 72%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($24,393 per ton), while the average price for exports to Vietnam ($15,221 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 Bangladesh (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR
In 2022, imports of dyes; pigments and preparations based therea into Hong Kong SAR reduced markedly to 1.2K tons, waning by -42.3% compared with the previous year. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 2.3% against the previous year.
In value terms, imports of dyes; pigments and preparations based therea reduced notably to $21M in 2022. In general, imports continue to indicate a abrupt setback. The smallest decline of -1.2% was in 2020.
| Import of Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.1 | 14.7 | 15.8 | 8.1 | -7.1% |
| China | 15.4 | 11.0 | 7.2 | 4.5 | -33.6% |
| Belgium | 3.0 | 2.9 | 4.6 | 3.8 | 8.2% |
| Taiwan (Chinese) | 0.6 | 0.6 | 1.0 | 1.3 | 29.4% |
| United States | 1.1 | 1.3 | 2.2 | 1.3 | 5.7% |
| Germany | 1.5 | 1.4 | 1.3 | 0.9 | -15.7% |
| Singapore | 0.6 | 0.9 | 0.5 | 0.4 | -12.6% |
| Spain | 1.0 | 1.1 | 1.0 | 0.4 | -26.3% |
| Others | 3.5 | 2.5 | 1.7 | 0.9 | -36.4% |
| Total | 36.8 | 36.4 | 35.3 | 21.5 | -16.4% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Hong Kong SAR in 2022:
- China (309.4 tons)
- Japan (211.7 tons)
- Taiwan (Chinese) (193.5 tons)
- Belgium (147.4 tons)
- United States (81.6 tons)
- Spain (68.3 tons)
- Germany (51.2 tons)
- Singapore (35.7 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of dyes; pigments and preparations based therea, which decreased by -43.1% to 970 tons in 2022. In general, exports continue to indicate a sharp contraction. The smallest decline of -4.7% was in 2020.
In value terms, exports of dyes; pigments and preparations based therea declined significantly to $21M in 2022. Overall, exports showed a deep slump. The smallest decline of -9.6% was in 2020.
| Export of Dyes; Pigments and Preparations Based Thereon in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.0 | 17.7 | 19.0 | 14.2 | -7.6% |
| Turkey | 0.7 | 0.8 | 0.2 | 0.8 | 4.6% |
| Bangladesh | 1.1 | 1.4 | 0.9 | 0.7 | -14.0% |
| Japan | 6.1 | 4.0 | 0.8 | 0.7 | -51.4% |
| Indonesia | 1.8 | 1.2 | 1.0 | 0.5 | -34.8% |
| Vietnam | 1.6 | 2.0 | 1.0 | 0.5 | -32.1% |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| India | 2.1 | 1.8 | 1.4 | 0.3 | -47.7% |
| Thailand | 0.7 | 0.5 | 0.6 | 0.2 | -34.1% |
| Others | 3.4 | 2.7 | 2.8 | 2.7 | -7.4% |
| Total | 35.6 | 32.2 | 27.7 | 20.8 | -16.4% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Hong Kong SAR in 2022:
- China (710.6 tons)
- Turkey (42.7 tons)
- Bangladesh (38.2 tons)
- Vietnam (31.0 tons)
- Indonesia (19.3 tons)
- United Arab Emirates (14.6 tons)
- Japan (13.3 tons)
- Thailand (12.1 tons)
- India (11.4 tons)
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