Mullite Price in Hong Kong SAR - 2023

Mullite Price in Hong Kong SAR (FOB) - 2022

In 2022, the average mullite export price amounted to $511 per ton, with a decrease of -15.7% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mullite export price increased by +40.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. As a result, the export price reached the peak level of $606 per ton, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($907 per ton), while the average price for exports to Australia ($310 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 India (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mullite Price in Hong Kong SAR (CIF) - 2022

In 2022, the average mullite import price amounted to $284 per ton, dropping by -12.6% against the previous year. In general, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 17%. The import price peaked at $2,338 per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($298 per ton), while the price for China amounted to $281 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-5.4%).

Mullite Exports in Hong Kong SAR

Mullite exports from Hong Kong SAR soared to 82 tons in 2022, increasing by 141% on the previous year's figure. In general, exports, however, continue to indicate a dramatic slump.

In value terms, mullite exports surged to $42K in 2022. Overall, exports, however, showed a dramatic curtailment.

Export of Mullite in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	85.0	51.1	1.9	22.2	-36.1%
India	33.8	98.7	14.0	15.3	-23.2%
Brazil	9.3	7.9	1.4	2.1	-39.1%
China	5.6	4.7	0.8	1.5	-35.5%
Australia	3.3	2.7	0.5	0.8	-37.6%
Turkey	45.4	N/A	N/A	N/A	0%
Others	N/A	N/A	2.1	N/A	0%
Total	182	165	20.6	41.9	-38.7%

Top Export Markets for Mullite from Hong Kong SAR in 2022:

Malaysia (48.8 tons)
India (25.3 tons)
China (2.8 tons)
Australia (2.7 tons)
Brazil (2.4 tons)

Mullite Imports in Hong Kong SAR

For the fourth year in a row, Hong Kong SAR recorded growth in overseas purchases of mullites, which increased by 7.4% to 2.9 tons in 2022. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mullite imports shrank to $822 in 2022. In general, imports, however, showed a abrupt shrinkage.