Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR (FOB) - 2022
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR (CIF) - 2022
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for polyphenols; hydroquinone (quinol) and its saltses amounted to $2,269,800 per ton, with an increase of 15,454% against the previous year. In general, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +14.2% per year.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $4,916 per ton, growing by 45% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of 79% against the previous year. The import price peaked at $18,124 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,970 per ton), while the price for China ($4,056 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR
In 2022, shipments abroad of polyphenols; hydroquinone (quinol) and its saltses decreased by -99.8% to 5 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 166% against the previous year. As a result, the exports attained the peak of 19 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses fell rapidly to $11K in 2022. Overall, exports faced a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 78%. As a result, the exports reached the peak of $96K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | N/A | N/A | N/A | 11.3 | 0% |
| Guatemala | 20.4 | 10.5 | 8.6 | N/A | -35.1% |
| France | 9.7 | 5.1 | 4.3 | N/A | -33.4% |
| India | N/A | 66.3 | N/A | N/A | 0% |
| Singapore | 19.7 | 13.7 | 19.9 | N/A | 0.5% |
| Others | 3.9 | N/A | N/A | N/A | 0% |
| Total | 53.7 | 95.6 | 32.7 | 11.3 | -40.5% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from Hong Kong SAR in 2022:
- Argentina (5.0 kg)
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR
Imports of polyphenols; hydroquinone (quinol) and its saltses into Hong Kong SAR contracted sharply to 82 tons in 2022, waning by -41.9% on 2021 figures. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 107%. As a result, imports attained the peak of 142 tons, and then reduced remarkably in the following year.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses contracted dramatically to $405K in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 46%.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 124 | 204 | 343 | 244 | 25.3% |
| United Kingdom | 370 | 123 | 135 | 156 | -25.0% |
| Others | 4.8 | 1.6 | 3.1 | 4.9 | 0.7% |
| Total | 498 | 329 | 481 | 405 | -6.7% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to Hong Kong SAR in 2022:
- United States (49.8 tons)
- United Kingdom (31.3 tons)
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