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Hong Kong SAR, China - Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Propyl and Isopropyl Alcohol in Hong Kong SAR - 2023
Contents:
- Price for Propyl and Isopropyl Alcohol in Hong Kong SAR (CIF) - 2023
- Price for Propyl and Isopropyl Alcohol in Hong Kong SAR (FOB) - 2022
- Imports of Propyl and Isopropyl Alcohol in Hong Kong SAR
- Exports of Propyl and Isopropyl Alcohol in Hong Kong SAR
Price for Propyl and Isopropyl Alcohol in Hong Kong SAR (CIF) - 2023
The average propyl and isopropyl alcohol import price stood at $1,196 per ton in September 2023, picking up by 5.5% against the previous month. Overall, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in March 2023 when the average import price increased by 28% against the previous month. Over the period under review, average import prices attained the peak figure at $2,006 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($1,199 per ton), while the price for Taiwan (Chinese) stood at $1,164 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Propyl and Isopropyl Alcohol in Hong Kong SAR (FOB) - 2022
The average propyl and isopropyl alcohol export price stood at $6,911 per ton in 2022, picking up by 55% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 174%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 China ($3,410 per ton), while the average price for exports to Macao SAR totaled $2,006 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Propyl and Isopropyl Alcohol in Hong Kong SAR
In 2022, approx. 2.7K tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were imported into Hong Kong SAR; surging by 12% compared with the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 119% against the previous year. As a result, imports attained the peak of 3.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, propyl and isopropyl alcohol imports totaled $3.9M in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 145%. As a result, imports reached the peak of $4.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Propyl and Isopropyl Alcohol in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 967 | 2,691 | 1,706 | 2,321 | 33.9% |
China | 189 | 577 | 648 | 865 | 66.0% |
United Kingdom | 238 | 229 | 295 | 287 | 6.4% |
Taiwan (Chinese) | 75.1 | 365 | 590 | 225 | 44.2% |
Singapore | 220 | 350 | 159 | 76.0 | -29.8% |
Others | 61.7 | 82.4 | 130 | 102 | 18.2% |
Total | 1,751 | 4,294 | 3,529 | 3,876 | 30.3% |
Top Suppliers of Propyl and Isopropyl Alcohol to Hong Kong SAR in 2022:
- South Korea (1681.9 tons)
- China (666.5 tons)
- Taiwan (Chinese) (166.4 tons)
- United Kingdom (105.7 tons)
- Singapore (29.3 tons)
Exports of Propyl and Isopropyl Alcohol in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), which decreased by -48.7% to 39 tons in 2022. Overall, exports faced a sharp descent. The smallest decline of -24.5% was in 2020.
In value terms, propyl and isopropyl alcohol exports dropped sharply to $272K in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 5.7% against the previous year.
Export of Propyl and Isopropyl Alcohol in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 302 | 162 | 287 | 266 | -4.1% |
Macao SAR | 6.5 | 11.4 | 5.9 | 6.1 | -2.1% |
South Africa | N/A | 66.0 | N/A | N/A | 0% |
Myanmar | 96.4 | N/A | 48.5 | N/A | -29.1% |
Bangladesh | N/A | 83.6 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 405 | 323 | 341 | 272 | -12.4% |
Top Export Markets for Propyl and Isopropyl Alcohol from Hong Kong SAR in 2022:
- China (77.9 tons)
- Macao SAR (3.0 tons)
This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142220 - Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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