Hong Kong SAR, China - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in Hong Kong SAR - 2023
Contents:
- Plastic Bag Price in Hong Kong SAR (CIF) - 2023
- Plastic Bag Price in Hong Kong SAR (FOB) - 2023
- Plastic Bag Imports in Hong Kong SAR
- Plastic Bag Exports in Hong Kong SAR
Plastic Bag Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average plastic bag import price amounted to $2,370 per ton, leveling off at the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 9% m-o-m. Over the period under review, average import prices hit record highs in September 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +0.4% per month.
Plastic Bag Price in Hong Kong SAR (FOB) - 2023
The average plastic bag export price stood at $6,127 per ton in September 2023, remaining stable against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 20% m-o-m. As a result, the export price attained the peak level of $6,495 per ton. From December 2022 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Egypt ($9,371 per ton), while the average price for exports to the United States ($4,322 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bag Imports in Hong Kong SAR
In 2022, the amount of plastic sacks and bags imported into Hong Kong SAR shrank remarkably to 71K tons, falling by -18.6% against the previous year's figure. Over the period under review, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 8.5%. As a result, imports attained the peak of 88K tons, and then fell markedly in the following year.
In value terms, plastic bag imports dropped markedly to $165M in 2022. Overall, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 6.2% against the previous year. As a result, imports attained the peak of $196M, and then dropped rapidly in the following year.
| Import of Plastic Bag in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 164 | 177 | 148 | -5.3% |
| Others | 17.7 | 21.0 | 19.0 | 17.1 | -1.1% |
| Total | 191 | 185 | 196 | 165 | -4.8% |
Top Suppliers of Plastic Bag to Hong Kong SAR in 2022:
- China (67.6K tons)
Plastic Bag Exports in Hong Kong SAR
Plastic bag exports from Hong Kong SAR reduced remarkably to 14K tons in 2022, shrinking by -39.9% on the previous year. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 27%.
In value terms, plastic bag exports contracted sharply to $80M in 2022. In general, exports saw a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports reached the peak of $124M, and then contracted rapidly in the following year.
| Export of Plastic Bag in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.1 | 17.6 | 21.4 | 14.6 | -8.6% |
| Vietnam | 11.6 | 8.7 | 15.0 | 10.0 | -4.8% |
| China | 16.3 | 17.2 | 16.6 | 9.5 | -16.5% |
| Bangladesh | 9.3 | 5.1 | 6.5 | 5.3 | -17.1% |
| South Korea | 8.3 | 4.5 | 6.8 | 4.3 | -19.7% |
| Indonesia | 4.1 | 3.5 | 7.4 | 3.8 | -2.5% |
| Cambodia | 4.6 | 4.2 | 4.4 | 3.4 | -9.6% |
| Sri Lanka | 2.4 | 1.6 | 2.7 | 2.5 | 1.4% |
| Japan | 10.1 | 5.0 | 5.9 | 2.3 | -38.9% |
| Philippines | 1.9 | 1.5 | 1.3 | 1.8 | -1.8% |
| Macao SAR | 2.4 | 1.5 | 1.2 | 1.2 | -20.6% |
| Chile | 1.4 | 0.1 | 2.7 | 1.1 | -7.7% |
| Switzerland | 1.6 | 0.9 | 1.9 | 1.1 | -11.7% |
| Others | 30.0 | 24.3 | 30.1 | 19.1 | -14.0% |
| Total | 123 | 95.8 | 124 | 80.1 | -13.3% |
Top Export Markets for Plastic Bag from Hong Kong SAR in 2022:
- United States (3541.8 tons)
- Vietnam (1562.4 tons)
- China (1284.6 tons)
- Bangladesh (707.8 tons)
- Japan (615.9 tons)
- South Korea (613.8 tons)
- Indonesia (575.2 tons)
- Cambodia (535.1 tons)
- Chile (314.6 tons)
- Switzerland (302.6 tons)
- Philippines (285.3 tons)
- Sri Lanka (224.3 tons)
- Macao SAR (220.2 tons)
This report provides an in-depth analysis of the plastic bag 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 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
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
-
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
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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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