Hong Kong SAR, China - Festive Or Carnival Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFestive Articles Price in Hong Kong SAR - 2023
Contents:
- Festive Articles Price in Hong Kong SAR (FOB) - 2022
- Festive Articles Price in Hong Kong SAR (CIF) - 2023
- Festive Articles Exports in Hong Kong SAR
- Festive Articles Imports in Hong Kong SAR
Festive Articles Price in Hong Kong SAR (FOB) - 2022
The average festive articles export price stood at $10,102 per ton in 2022, falling by -16.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. As a result, the export price reached the peak level of $13,968 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($19,068 per ton), while the average price for exports to Canada ($3,540 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 Germany (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Festive Articles Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average festive articles import price amounted to $5,586 per ton, surging by 9% against the previous month. Over the period under review, the import price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 43% month-to-month. The import price peaked at $9,121 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($13,372 per ton), while the price for China totaled $4,592 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-3.9%).
Festive Articles Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of festive or carnival articles, which decreased by -22.4% to 1.9K tons in 2022. In general, exports faced a sharp decrease. The smallest decline of -8.1% was in 2021.
In value terms, festive articles exports shrank remarkably to $19M in 2022. Over the period under review, exports faced a dramatic downturn. The smallest decline of -0.3% was in 2021.
Export of Festive Articles in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 28.3 | 19.1 | 11.3 | 10.6 | -27.9% |
China | 2.5 | 1.5 | 11.5 | 2.2 | -4.2% |
United Kingdom | 3.2 | 2.1 | 1.2 | 1.0 | -32.1% |
Russia | 0.1 | 0.1 | 0.1 | 0.9 | 108.0% |
Japan | 4.0 | 1.6 | 1.6 | 0.6 | -46.9% |
Singapore | 0.6 | 0.5 | 0.5 | 0.5 | -5.9% |
Germany | 1.7 | 0.9 | 0.5 | 0.5 | -33.5% |
France | 0.6 | 0.3 | 0.2 | 0.4 | -12.6% |
Canada | 0.5 | 0.1 | 0.1 | 0.3 | -15.7% |
Australia | 0.9 | 0.3 | 0.2 | 0.1 | -51.9% |
Others | 4.1 | 3.5 | 2.7 | 2.4 | -16.3% |
Total | 46.6 | 30.2 | 30.1 | 19.5 | -25.2% |
Top Export Markets for Festive Articles from Hong Kong SAR in 2022:
- United States (1033.5 tons)
- Russia (204.3 tons)
- China (192.3 tons)
- United Kingdom (125.4 tons)
- Canada (78.4 tons)
- Singapore (48.3 tons)
- France (44.0 tons)
- Japan (31.5 tons)
- Germany (30.0 tons)
- Australia (5.8 tons)
Festive Articles Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of festive or carnival articles, which decreased by -49.3% to 1.7K tons in 2022. Overall, imports saw a sharp decrease. The smallest decline of -11.3% was in 2021.
In value terms, festive articles imports reduced notably to $14M in 2022. In general, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $27M, and then reduced markedly in the following year.
Import of Festive Articles in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 24.7 | 17.7 | 23.4 | 10.4 | -25.0% |
United Kingdom | 0.1 | 0.1 | 0.2 | 1.8 | 162.1% |
Italy | 1.2 | 0.9 | 1.8 | 0.5 | -25.3% |
Others | 1.0 | 1.6 | 1.5 | 1.0 | 0.0% |
Total | 27.0 | 20.4 | 27.0 | 13.6 | -20.4% |
Top Suppliers of Festive Articles to Hong Kong SAR in 2022:
- China (1447.7 tons)
- United Kingdom (154.5 tons)
- Italy (50.1 tons)
This report provides an in-depth analysis of the festive articles 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 32995150 - Festive, carnival or other entertainment articles, n.e.c.
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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