Hong Kong SAR, China: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Hong Kong SAR, China

The Hong Kong market for compounds with other nitrogen function (excluding isocyanates) fell to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Hong Kong SAR, China

In value terms, compounds with other nitrogen function production dropped to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Compounds with other nitrogen function production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Hong Kong SAR, China

Compounds with other nitrogen function exports from Hong Kong SAR skyrocketed to X kg in 2022, surging by X% against the previous year. In general, exports, however, continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports expanded notably to $X in 2022. Over the period under review, exports, however, faced a sharp reduction. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg), Israel (X kg) and India (X kg) were the main destinations of compounds with other nitrogen function exports from Hong Kong SAR, together accounting for X% of total exports. These countries were followed by Switzerland, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), China ($X) and India ($X) were the largest markets for compounds with other nitrogen function exported from Hong Kong SAR worldwide, with a combined X% share of total exports. These countries were followed by Switzerland, which accounted for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to China ($X 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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Hong Kong SAR, China

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were imported into Hong Kong SAR; which is down by X% on 2021. In general, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports fell markedly to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main compounds with other nitrogen function supplier to Hong Kong SAR, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to X% per year.

Source: IndexBox Platform

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