Quartzite Price in Hong Kong SAR - 2023
Contents:
- Quartzite Price in Hong Kong SAR (CIF) - 2022
- Quartzite Price in Hong Kong SAR (FOB) - 2022
- Quartzite Imports in Hong Kong SAR
- Quartzite Exports in Hong Kong SAR
Quartzite Price in Hong Kong SAR (CIF) - 2022
The average quartzite import price stood at $492 per ton in 2022, waning by -8.4% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quartzite import price increased by +114.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 55%. Over the period under review, average import prices reached the maximum at $537 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,052 per ton), while the price for China ($166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Quartzite Price in Hong Kong SAR (FOB) - 2022
The average quartzite export price stood at $1,492 per ton in 2022, increasing by 38% against the previous year. Overall, the export price recorded a perceptible expansion. The most prominent rate of growth was recorded in 2013 an increase of 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $19,276 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($14,341 per ton), while the average price for exports to China amounted to $1,140 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.
Quartzite Imports in Hong Kong SAR
In 2022, the amount of quartzite imported into Hong Kong SAR contracted significantly to 113 tons, with a decrease of -39.7% on 2021 figures. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 648% against the previous year. As a result, imports attained the peak of 188 tons, and then reduced sharply in the following year.
In value terms, quartzite imports fell dramatically to $56K in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 861% against the previous year. As a result, imports attained the peak of $101K, and then reduced markedly in the following year.
| Import of Quartzite in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.7 | 2.0 | 23.3 | 16.5 | 42.5% |
| United States | 7.1 | 2.1 | 17.3 | 12.4 | 20.4% |
| Italy | 4.6 | 1.3 | 10.8 | 7.7 | 18.7% |
| Brazil | 9.4 | 3.6 | 37.2 | 7.4 | -7.7% |
| Taiwan (Chinese) | 8.4 | 0.7 | 0.4 | 6.0 | -10.6% |
| China | 4.2 | 0.3 | 1.0 | 3.2 | -8.7% |
| Others | 1.8 | 0.5 | 11.1 | 2.5 | 11.6% |
| Total | 41.1 | 10.5 | 101 | 55.8 | 10.7% |
Top Suppliers of Quartzite to Hong Kong SAR in 2022:
- India (32.1 tons)
- United States (26.8 tons)
- Brazil (26.3 tons)
- China (19.1 tons)
- Italy (4.8 tons)
- Taiwan (Chinese) (2.9 tons)
Quartzite Exports in Hong Kong SAR
Quartzite exports from Hong Kong SAR skyrocketed to 338 tons in 2022, jumping by 352% on 2021 figures. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 504%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, quartzite exports skyrocketed to $504K in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 660% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Quartzite in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 2.0 | 62.1 | 376 | 207.8% |
| India | 0.6 | 0.6 | 13.1 | 79.0 | 408.7% |
| Sweden | N/A | N/A | 0.9 | N/A | 0% |
| Cayman Islands | N/A | 2.6 | N/A | N/A | 0% |
| Others | 4.0 | 5.5 | 4.6 | 49.7 | 131.6% |
| Total | 17.5 | 10.6 | 80.7 | 504 | 206.5% |
Top Export Markets for Quartzite from Hong Kong SAR in 2022:
- China (329.6 tons)
- India (5.5 tons)
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