Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR - 2023

Contents:

1. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR (CIF) - 2022
2. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR (FOB) - 2022
3. Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR
4. Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR (CIF) - 2022

The average import price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses stood at $10,398 per ton in 2022, dropping by -20.6% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 36%. Over the period under review, average import prices hit record highs at $13,088 per ton in 2021, and then reduced dramatically in the following year.

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 the Netherlands ($98,648 per ton), while the price for Germany ($6,019 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses amounted to $10,276 per ton, falling by -16.8% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. Over the period under review, the average export prices attained the peak figure at $12,507 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($12,743 per ton), while the average price for exports to Vietnam ($5,954 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 Japan (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR

Imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses into Hong Kong SAR surged to 94 tons in 2022, with an increase of 19% on the year before. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses dropped to $973K in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms to Hong Kong SAR in 2022:

1. Germany (38.8 tons)
2. Taiwan (Chinese) (23.7 tons)
3. Belgium (10.3 tons)
4. Japan (8.2 tons)
5. China (7.9 tons)
6. United States (2.0 tons)
7. Singapore (1.9 tons)
8. Netherlands (0.4 tons)

Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Hong Kong SAR

In 2022, shipments abroad of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses was finally on the rise to reach 54 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt curtailment.

In value terms, exports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses skyrocketed to $557K in 2022. In general, exports, however, continue to indicate a deep downturn.

Top Export Markets for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms from Hong Kong SAR in 2022:

1. China (29.6 tons)
2. Taiwan (Chinese) (10.2 tons)
3. Philippines (8.6 tons)
4. Vietnam (5.5 tons)

Source: IndexBox Market Intelligence Platform