Hong Kong SAR, China - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolymethyl Methacrylate Price in Hong Kong SAR - 2023
Contents:
- Polymethyl Methacrylate Price in Hong Kong SAR (FOB) - 2023
- Polymethyl Methacrylate Price in Hong Kong SAR (CIF) - 2022
- Polymethyl Methacrylate Exports in Hong Kong SAR
- Polymethyl Methacrylate Imports in Hong Kong SAR
Polymethyl Methacrylate Price in Hong Kong SAR (FOB) - 2023
The average polymethyl methacrylate export price stood at $1,462 per ton in June 2023, waning by -16.5% against the previous month. In general, the export price saw a slight curtailment. The pace of growth was the most pronounced in September 2022 an increase of 57% month-to-month. The export price peaked at $1,896 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was China ($1,676 per ton), while the average price for exports to Thailand totaled $511 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.2%).
Polymethyl Methacrylate Price in Hong Kong SAR (CIF) - 2022
The average polymethyl methacrylate import price stood at $1,182 per ton in 2022, with a decrease of -24.7% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. As a result, import price attained the peak level of $2,880 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,521 per ton), while the price for Canada ($493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the prices for the other major suppliers experienced a decline.
Polymethyl Methacrylate Exports in Hong Kong SAR
In 2022, approx. 11K tons of polymethyl methacrylate in primary forms were exported from Hong Kong SAR; reducing by -37.1% against 2021 figures. Overall, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 0.2% against the previous year.
In value terms, polymethyl methacrylate exports contracted remarkably to $17M in 2022. In general, exports saw a sharp decline. The growth pace was the most rapid in 2021 with an increase of 8.3% against the previous year.
| Export of Polymethyl Methacrylate in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.7 | 27.8 | 29.6 | 14.9 | -29.6% |
| Thailand | 0.1 | N/A | 0.1 | 1.0 | 115.4% |
| Malaysia | 1.2 | 0.3 | 0.1 | 0.2 | -45.0% |
| Others | 1.4 | 0.7 | 1.4 | 1.0 | -10.6% |
| Total | 45.3 | 28.8 | 31.2 | 17.1 | -27.7% |
Top Export Markets for Polymethyl Methacrylate from Hong Kong SAR in 2022:
- China (8.2K tons)
- Thailand (1.9K tons)
- Malaysia (0.2K tons)
Polymethyl Methacrylate Imports in Hong Kong SAR
In 2022, imports of polymethyl methacrylate in primary forms into Hong Kong SAR reduced to 15K tons, dropping by -6.6% compared with the year before. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports reached the peak of 16K tons, and then declined in the following year.
In value terms, polymethyl methacrylate imports dropped dramatically to $18M in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 68%. As a result, imports reached the peak of $25M, and then shrank sharply in the following year.
| Import of Polymethyl Methacrylate in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 1.5 | 4.5 | 4.4 | 22.4% |
| China | 4.4 | 3.3 | 4.8 | 3.6 | -6.5% |
| Japan | 4.2 | 4.0 | 5.0 | 2.6 | -14.8% |
| Mexico | N/A | 0.1 | 0.7 | 1.6 | 300.0% |
| Germany | 0.5 | 0.6 | 0.6 | 0.9 | 21.6% |
| Belgium | N/A | 0.2 | 0.2 | 0.8 | 100.0% |
| Taiwan (Chinese) | 2.6 | 0.6 | 1.7 | 0.6 | -38.7% |
| United Arab Emirates | N/A | N/A | 0.4 | 0.5 | 25.0% |
| South Korea | 5.3 | 3.1 | 4.4 | 0.5 | -54.5% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Canada | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Philippines | N/A | N/A | N/A | 0.2 | 0% |
| Singapore | 1.8 | 0.9 | 1.2 | 0.1 | -61.8% |
| Others | 1.2 | 0.8 | 1.5 | 1.3 | 2.7% |
| Total | 22.6 | 15.0 | 25.2 | 17.7 | -7.8% |
Top Suppliers of Polymethyl Methacrylate to Hong Kong SAR in 2022:
- United States (6.4K tons)
- Mexico (1.7K tons)
- China (1.5K tons)
- Japan (1.2K tons)
- Belgium (0.9K tons)
- Germany (0.6K tons)
- Canada (0.4K tons)
- United Arab Emirates (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- Netherlands (0.2K tons)
- Philippines (0.2K tons)
- South Korea (0.2K tons)
- Singapore (0.1K tons)
This report provides an in-depth analysis of the polymethyl methacrylate market 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 20165350 - Polymethyl methacrylate, in primary forms
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
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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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