Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR (FOB) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR (CIF) - 2022
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $13,250 per ton, growing by 29% against the previous year. In general, the export price showed a strong expansion. The growth pace was the most rapid in 2020 when the average export price increased by 577%. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.8% per year.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $3,523 per ton, jumping by 55% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 355% against the previous year. As a result, import price attained the peak level of $3,984 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,499 per ton), while the price for China ($2,526 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR
In 2022, approx. 8 kg of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from Hong Kong SAR; waning by 99.9% compared with 2021. Over the period under review, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 52%.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses reduced remarkably to $106 in 2022. In general, exports showed a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 214%.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.4 | 112 | 286 | 0.1 | -86.8% |
| Cambodia | 8.4 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 2.0 | N/A | 0% |
| Others | N/A | 50.6 | 0.1 | N/A | -99.8% |
| Total | 51.8 | 163 | 288 | 0.1 | -87.5% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Hong Kong SAR in 2022:
- China (8.0 kg)
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR
In 2022, approx. 4.5 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Hong Kong SAR; with a decrease of -38.3% against the previous year. Overall, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses dropped to $16K in 2022. Over the period under review, imports saw a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 8.8% against the previous year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.6 | 6.9 | 7.6 | 9.1 | -52.6% |
| United States | N/A | N/A | N/A | 6.0 | 0% |
| Thailand | 0.4 | N/A | 7.4 | 0.7 | 20.5% |
| Japan | 29.3 | 4.7 | N/A | N/A | -84.0% |
| Others | N/A | 3.6 | 1.5 | N/A | -58.3% |
| Total | 115 | 15.2 | 16.5 | 15.8 | -48.4% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Hong Kong SAR in 2022:
- China (3.6 tons)
- United States (0.7 tons)
- Thailand (0.2 tons)
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