Hong Kong SAR, China: Fluoropolymers Market 2024

Fluoropolymers Market Size in Hong Kong SAR, China

The Hong Kong fluoropolymers market dropped remarkably to $X in 2023, shrinking by X% against the previous year. Overall, consumption recorded a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Fluoropolymers Production in Hong Kong SAR, China

In value terms, fluoropolymers production declined modestly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Fluoropolymers Exports

Exports from Hong Kong SAR, China

In 2023, approx. X tons of fluoropolymers were exported from Hong Kong SAR; with a decrease of X% compared with 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, fluoropolymers exports declined notably to $X in 2023. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for fluoropolymers exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, fluoropolymers exports to China exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for fluoropolymers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price posted prominent growth. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2023 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 Taiwan (Chinese) ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Hong Kong SAR, China

Fluoropolymers imports into Hong Kong SAR contracted markedly to X tons in 2023, reducing by X% against the previous year. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, fluoropolymers imports reduced sharply to $X in 2023. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of fluoropolymers imports to Hong Kong SAR, together comprising X% of total imports. Germany, Taiwan (Chinese), France, Singapore, India and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of fluoropolymers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average fluoropolymers import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price posted a notable expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform