Hong Kong SAR, China: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Hong Kong SAR, China

The Hong Kong fungicide and bactericide market amounted to $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fungicide And Bactericide Production in Hong Kong SAR, China

In value terms, fungicide and bactericide production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Fungicide And Bactericide Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in shipments abroad of fungicides, bactericides and seed treatments, when their volume decreased by X% to X tons. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, fungicide and bactericide exports declined notably to $X in 2022. Overall, exports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

China (X tons) was the main destination for fungicide and bactericide exports from Hong Kong SAR, with a X% share of total exports. Moreover, fungicide and bactericide exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Cambodia (X% per year).

In value terms, China ($X) remains the key foreign market for fungicides, bactericides and seed treatments exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, 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: Vietnam (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the average fungicide and bactericide export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of fungicides, bactericides and seed treatments decreased by X% to X tons in 2022. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, fungicide and bactericide imports contracted rapidly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Japan (X tons) were the main suppliers of fungicide and bactericide imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide suppliers to Hong Kong SAR were Taiwan (Chinese) ($X), China ($X) and the UK ($X), with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fungicide and bactericide import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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