Hong Kong SAR, China - Composition Leather - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingComposition Leather Price in Hong Kong SAR - 2023
Contents:
- Composition Leather Price in Hong Kong SAR (FOB) - 2023
- Composition Leather Price in Hong Kong SAR (CIF) - 2023
- Composition Leather Exports in Hong Kong SAR
- Composition Leather Imports in Hong Kong SAR
Composition Leather Price in Hong Kong SAR (FOB) - 2023
The average composition leather export price stood at $3.7 per square meter in June 2023, waning by -25% against the previous month. Overall, the export price, however, saw a strong increase. The pace of growth was the most pronounced in July 2022 when the average export price increased by 181% against the previous month. The export price peaked at $5.5 per square meter in September 2022; however, from October 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($3.8 per square meter), while the average price for exports to Cambodia ($1.6 per square meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Composition Leather Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average composition leather import price amounted to $2.7 per square meter, falling by -46.4% against the previous month. Over the period under review, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in January 2023 an increase of 360% against the previous month. Over the period under review, average import prices hit record highs at $8.1 per square meter in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($26.8 per square meter), while the price for Germany ($754 per thousand square meters) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Composition Leather Exports in Hong Kong SAR
In 2022, the amount of composition leather exported from Hong Kong SAR declined significantly to 1.4M square meters, with a decrease of -45.4% against the previous year's figure. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, the exports reached the maximum at 4.4M square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, composition leather exports dropped rapidly to $3.8M in 2022. In general, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs at $8.1M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Composition Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 2.8 | 4.0 | 3.1 | -23.8% |
| Vietnam | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Cambodia | 0.3 | 0.2 | 0.4 | 0.1 | -30.7% |
| Bangladesh | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 0.6 | 0.3 | -9.1% |
| Total | 8.1 | 3.7 | 5.4 | 3.8 | -22.3% |
Top Export Markets for Composition Leather from Hong Kong SAR in 2022:
- China (1119.8K square meters)
- Vietnam (220.0K square meters)
- Cambodia (32.9K square meters)
- Bangladesh (0.6K square meters)
Composition Leather Imports in Hong Kong SAR
In 2022, the amount of composition leather imported into Hong Kong SAR plummeted to 1M square meters, waning by -51.9% on 2021 figures. Over the period under review, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked at 3.5M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, composition leather imports declined sharply to $2.9M in 2022. In general, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum at $6.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Composition Leather in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,337 | 625 | 1,224 | 1,433 | 2.3% |
| South Korea | 189 | 213 | 334 | 315 | 18.6% |
| Germany | 1,600 | 769 | 948 | 311 | -42.1% |
| United States | 438 | 171 | 218 | 291 | -12.7% |
| China | 1,033 | 717 | 862 | 218 | -40.5% |
| Italy | 664 | 421 | 355 | 201 | -32.9% |
| Vietnam | 302 | 62.3 | 91.7 | 66.7 | -39.6% |
| Argentina | 160 | N/A | N/A | N/A | 0% |
| Others | 700 | 464 | 206 | 62.6 | -55.3% |
| Total | 6,424 | 3,442 | 4,239 | 2,898 | -23.3% |
Top Suppliers of Composition Leather to Hong Kong SAR in 2022:
- Spain (263.7K square meters)
- Germany (238.2K square meters)
- South Korea (188.3K square meters)
- Vietnam (143.4K square meters)
- Italy (96.9K square meters)
- China (53.9K square meters)
- United States (16.8K square meters)
This report provides an in-depth analysis of the composition leather market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
327
This report provides an in-depth analysis of the composition leather market in Hong Kong SAR, China.
554
This report provides an in-depth analysis of the global composition leather market.
327
This report provides an in-depth analysis of the composition leather market in Hong Kong SAR, China.
554
This report provides an in-depth analysis of the global composition leather market.
370
In June 2023, the price of Composition Leather was $3.7 per square meter (FOB, Hong Kong), showing a decrease of 25% compared to the previous month.
896
In value terms, composition leather imports amounted to $X in 2016. In general, composition leather imports continue to indicate a slight setback. Over the period under review, global composition l...
1216
In value terms, composition leather exports stood at $X in 2016. Overall, composition leather exports continue to indicate a mild contraction. Over the period under review, global composition leath...
370
In June 2023, the price of Composition Leather was $3.7 per square meter (FOB, Hong Kong), showing a decrease of 25% compared to the previous month.
896
In value terms, composition leather imports amounted to $X in 2016. In general, composition leather imports continue to indicate a slight setback. Over the period under review, global composition l...
1216
In value terms, composition leather exports stood at $X in 2016. Overall, composition leather exports continue to indicate a mild contraction. Over the period under review, global composition leath...
