Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR - 2023

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR (FOB) - 2022
2. Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR (CIF) - 2022
3. Exports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR
4. Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR

Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses amounted to $531 per ton, shrinking by -50% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum at $1,856 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 India ($1,487 per ton), while the average price for exports to Tanzania amounted to $495 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+81.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses amounted to $1,783 per ton, rising by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level 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 Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -1.2% per year.

Exports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR

For the fourth consecutive year, Hong Kong SAR recorded growth in overseas shipments of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses, which increased by 38% to 809 tons in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,307% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses contracted significantly to $429K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 983%.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates from Hong Kong SAR in 2022:

1. Tanzania (776.2 tons)
2. India (23.0 tons)

Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Hong Kong SAR

Imports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses into Hong Kong SAR fell remarkably to 8 tons in 2022, which is down by -61.9% compared with 2021 figures. In general, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 951%.

In value terms, imports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses contracted notably to $14K in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,248%. As a result, imports reached the peak of $28K, and then dropped notably in the following year.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates to Hong Kong SAR in 2022:

1. Taiwan (Chinese) (8.0 tons)

Source: IndexBox Market Intelligence Platform