Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR - 2023

Contents:

1. Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR (CIF) - 2023
2. Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR (FOB) - 2023
3. Imports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR
4. Exports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR

Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for activated carbon; activated natural mineral products; animal black, including spent animal blacks amounted to $1,784 per ton, surging by 17% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 35% against the previous month. Over the period under review, average import prices reached the maximum at $2,542 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($1,783 per ton), while the price for Vietnam stood at $1,440 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Philippines (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR (FOB) - 2023

The average export price for activated carbon; activated natural mineral products; animal black, including spent animal blacks stood at $14,848 per ton in November 2023, which is down by -69.5% against the previous month. Over the period under review, the export price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in February 2023 an increase of 583% month-to-month. The export price peaked at $48,757 per ton in October 2023, and then dropped significantly in the following month.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was China ($19,449 per ton), while the average price for exports to Macao SAR amounted to $1,543 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR

In 2022, purchases abroad of activated carbon; activated natural mineral products; animal black, including spent animal blacks decreased by -17.2% to 2K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. As a result, imports attained the peak of 3.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of activated carbon; activated natural mineral products; animal black, including spent animal blacks shrank significantly to $3.7M in 2022. Over the period under review, imports saw a sharp setback. The smallest decline of -3.1% was in 2020.

Top Suppliers of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black to Hong Kong SAR in 2022:

1. China (1668.8 tons)
2. Vietnam (149.4 tons)
3. Philippines (40.0 tons)
4. Sri Lanka (23.7 tons)
5. United States (21.8 tons)

Exports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of activated carbon; activated natural mineral products; animal black, including spent animal blacks, which decreased by -48.7% to 363 tons in 2022. Overall, exports saw a dramatic downturn. The smallest decline of -25.3% was in 2020.

In value terms, exports of activated carbon; activated natural mineral products; animal black, including spent animal blacks shrank significantly to $2.1M in 2022. Over the period under review, exports faced a significant contraction. The smallest decline of -14.2% was in 2020.

Top Export Markets for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black from Hong Kong SAR in 2022:

1. Myanmar (215.5 tons)
2. China (123.4 tons)
3. Macao SAR (22.7 tons)

Source: IndexBox Market Intelligence Platform