Hong Kong SAR, China: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Hong Kong SAR, China

After two years of decline, the Hong Kong phosphorus, arsenic and selenium market increased by X% to $X in 2023. In general, consumption, however, recorded a perceptible slump. Phosphorus, arsenic and selenium consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Phosphorus, Arsenic And Selenium in Hong Kong SAR, China

In value terms, phosphorus, arsenic and selenium production surged to $X in 2023 estimated in export price. In general, production, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Exports of Phosphorus, Arsenic And Selenium

Exports from Hong Kong SAR, China

In 2023, shipments abroad of phosphorus, arsenic and selenium was finally on the rise to reach X tons after two years of decline. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for phosphorus, arsenic and selenium exports from Hong Kong SAR, with a X% share of total exports. Moreover, phosphorus, arsenic and selenium exports to China exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

In value terms, China ($X) remains the key foreign market for phosphorus, arsenic and selenium exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the average phosphorus, arsenic and selenium export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphorus, Arsenic And Selenium

Imports into Hong Kong SAR, China

In 2023, purchases abroad of phosphorus, arsenic and selenium was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium imports surged to $X in 2023. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Canada (X tons), China (X tons) and South Korea (X tons) were the main suppliers of phosphorus, arsenic and selenium imports to Hong Kong SAR, together accounting for X% of total imports. Japan, the United States, Norway, Finland, Chile, Mexico, Peru and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphorus, arsenic and selenium suppliers to Hong Kong SAR were the United States ($X), China ($X) and Canada ($X), together accounting for X% of total imports. South Korea, Japan, Norway, Finland, Chile, Mexico, Peru and Belgium lagged somewhat behind, together accounting for a further X%.

Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average phosphorus, arsenic and selenium import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform