Gummed Paper Price in Hong Kong SAR - 2023

Contents:

1. Gummed Paper Price in Hong Kong SAR (CIF) - 2022
2. Gummed Paper Price in Hong Kong SAR (FOB) - 2022
3. Gummed Paper Imports in Hong Kong SAR
4. Gummed Paper Exports in Hong Kong SAR

Gummed Paper Price in Hong Kong SAR (CIF) - 2022

The average gummed paper import price stood at $6,675 per ton in 2022, rising by 78% against the previous year. Over the period under review, the import price saw a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 United States ($18,103 per ton), while the price for China ($1,913 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Gummed Paper Price in Hong Kong SAR (FOB) - 2022

The average gummed paper export price stood at $1,571 per ton in 2022, falling by -5.7% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 194%. As a result, the export price attained the peak level of $3,806 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Bangladesh ($6,759 per ton), while the average price for exports to China ($1,244 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 Bangladesh (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gummed Paper Imports in Hong Kong SAR

In 2022, overseas purchases of gummed paper and paperboard (excluding self-adhesives) decreased by -27% to 82 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of 131 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, gummed paper imports surged to $547K in 2022. Overall, imports continue to indicate a drastic downturn. Imports peaked at $664K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Gummed Paper and Paperboard (Excluding Self-Adhesives) to Hong Kong SAR in 2022:

1. China (43.2 tons)
2. Japan (32.0 tons)
3. Germany (4.3 tons)
4. Singapore (1.1 tons)

Gummed Paper Exports in Hong Kong SAR

In 2022, shipments abroad of gummed paper and paperboard (excluding self-adhesives) was finally on the rise to reach 213 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at 331 tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gummed paper exports expanded remarkably to $335K in 2022. Overall, exports, however, faced a deep slump. The exports peaked at $520K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Gummed Paper and Paperboard (Excluding Self-Adhesives) from Hong Kong SAR in 2022:

1. China (198.4 tons)
2. Bangladesh (9.6 tons)
3. Pakistan (3.4 tons)

Source: IndexBox Market Intelligence Platform