Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR (FOB) - 2022
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR (CIF) - 2022
3. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR
4. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $29,984 per ton, increasing by 72% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 310%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($30,213 per ton), while the average price for exports to the United States stood at $2,679 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.6%), while the prices for the other major destinations experienced a decline.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR (CIF) - 2022

The average import price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $23,442 per ton in 2022, with a decrease of -14.7% against the previous year. In general, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82% against the previous year. The import price peaked at $27,495 per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, 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 +15.4% per year.

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR

In 2022, approx. 3.4 tons of polymers, natural; alginic acid, its salts and esters, in primary formses were exported from Hong Kong SAR; with an increase of 39% compared with the previous year. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 390%. As a result, the exports reached the peak of 32 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $101K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 240%. As a result, the exports attained the peak of $136K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Hong Kong SAR in 2022:

1. China (3.3 tons)

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Hong Kong SAR

In 2022, approx. 4.2 tons of polymers, natural; alginic acid, its salts and esters, in primary formses were imported into Hong Kong SAR; picking up by 3,946% on the previous year's figure. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 35,300% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $100K in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 52,618%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Hong Kong SAR in 2022:

1. China (4.2 tons)

Source: IndexBox Market Intelligence Platform