A Decline in Market Value

The chalk and dolomite market in Hong Kong SAR has seen a downturn, with a notable decrease in value in 2024. Following two years of growth, the market value plummeted, suggesting a challenging environment for these minerals. Despite an overall increase from 2012 to 2024, 2024 marked a critical point as consumption failed to regain its previous momentum.

Production Trends

Chalk and dolomite production in Hong Kong SAR showed slight growth in 2024, valued at an estimated figure. However, the overall trend has been upward, peaking at its highest point in 2014. Since then, production growth has stagnated, reflecting the current struggles within the industry.

Export Challenges

Exports of chalk and dolomite have faced significant challenges, declining for a second consecutive year in 2024. After a peak in 2012, export volumes have dwindled, highlighting a downturn in market demand. Key export destinations include Bangladesh, Zambia, and Tanzania, which together account for a significant share of total exports.

Value of Exports

In terms of value, Hong Kong's chalk and dolomite exports dropped sharply in 2024. The highest value for exports was recorded in 2012, but the years following have seen a steady decline. Bangladesh emerged as the largest market for these exports, surpassing the UK and Zambia in terms of value.

Price Fluctuations

The average export price of chalk and dolomite rose slightly in 2024, contrasting with the overall decline in volume. Price variations by destination indicate India's market commands the highest prices, while Seychelles sees some of the lowest.

Import Growth Amid Challenges

On a more positive note, chalk and dolomite imports to Hong Kong SAR surged significantly in 2024, with China being the principal supplier. Greece closely follows, showcasing a strong demand for these minerals despite the struggles faced in the export sector.

Conclusion: A Market in Flux

As we look ahead to 2025, the chalk and dolomite market in Hong Kong SAR is navigating uncharted waters, punctuated by fluctuations in both production and exports. Import trends may offer a glimmer of hope, but the overall landscape remains uncertain. Stakeholders will need to adapt swiftly to changing market dynamics to sustain growth and capitalize on emerging opportunities.