Hong Kong SAR, China - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Hong Kong SAR - 2023
Contents:
- Plastic Closure Price in Hong Kong SAR (CIF) - 2022
- Plastic Closure Price in Hong Kong SAR (FOB) - 2022
- Plastic Closure Imports in Hong Kong SAR
- Plastic Closure Exports in Hong Kong SAR
Plastic Closure Price in Hong Kong SAR (CIF) - 2022
The average plastic closure import price stood at $7,469 per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($7,469 per ton) and China ($7,469 per ton), while the price for Malaysia ($7,469 per ton) and Thailand ($7,469 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Hong Kong SAR (FOB) - 2022
The average plastic closure export price stood at $6,612 per ton in 2022, with an increase of 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($6,612 per ton) and Japan ($6,612 per ton), while the average price for exports to France ($6,612 per ton) and Italy ($6,612 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Hong Kong SAR
Plastic closure imports into Hong Kong SAR dropped significantly to 5.1K tons in 2022, waning by -36.7% compared with 2021. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 8.5% against the previous year. As a result, imports attained the peak of 8K tons, and then contracted dramatically in the following year.
In value terms, plastic closure imports shrank markedly to $38M in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $54M, and then contracted dramatically in the following year.
| Import of Plastic Closure in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.1 | 33.2 | 39.2 | 23.7 | -11.4% |
| Taiwan (Chinese) | 3.7 | 3.3 | 4.1 | 3.8 | 0.9% |
| Japan | 2.6 | 2.1 | 4.2 | 2.9 | 3.7% |
| United States | 1.7 | 1.6 | 1.5 | 1.8 | 1.9% |
| Germany | 1.8 | 1.2 | 1.1 | 1.6 | -3.9% |
| Malaysia | 0.5 | 1.0 | 0.7 | 0.8 | 17.0% |
| Thailand | 0.5 | 0.4 | 0.5 | 0.7 | 11.9% |
| South Korea | 0.7 | 1.4 | 0.4 | 0.5 | -10.6% |
| Others | 2.2 | 1.6 | 2.2 | 2.0 | -3.1% |
| Total | 47.9 | 45.8 | 53.8 | 37.8 | -7.6% |
Top Suppliers of Plastic Closure to Hong Kong SAR in 2022:
- China (3179.6 tons)
- Taiwan (Chinese) (511.0 tons)
- Japan (391.2 tons)
- United States (240.8 tons)
- Germany (208.5 tons)
- Malaysia (110.7 tons)
- Thailand (95.5 tons)
- South Korea (66.6 tons)
Plastic Closure Exports in Hong Kong SAR
In 2022, approx. 4.5K tons of plastic stoppers, caps and closures were exported from Hong Kong SAR; which is down by -34% against 2021 figures. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 11%.
In value terms, plastic closure exports dropped sharply to $30M in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23%.
| Export of Plastic Closure in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.2 | 0.9 | 3.5 | 7.7 | 85.8% |
| United States | 14.5 | 10.5 | 11.3 | 7.1 | -21.2% |
| China | 7.0 | 7.5 | 9.3 | 6.9 | -0.5% |
| United Kingdom | 0.6 | 1.4 | 1.8 | 1.4 | 32.6% |
| Spain | 0.2 | 0.5 | 1.3 | 0.9 | 65.1% |
| France | 13.8 | 7.5 | 6.4 | 0.7 | -63.0% |
| Canada | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Italy | 2.4 | 0.8 | 0.5 | 0.6 | -37.0% |
| Belgium | 0.7 | 0.6 | 1.8 | 0.5 | -10.6% |
| Japan | 0.9 | 1.5 | 1.2 | 0.4 | -23.7% |
| Others | 3.6 | 3.5 | 5.9 | 3.1 | -4.9% |
| Total | 45.1 | 35.1 | 43.3 | 29.9 | -12.8% |
Top Export Markets for Plastic Closure from Hong Kong SAR in 2022:
- Vietnam (1159.3 tons)
- United States (1078.0 tons)
- China (1043.3 tons)
- United Kingdom (216.2 tons)
- Spain (136.9 tons)
- France (101.7 tons)
- Italy (91.0 tons)
- Canada (87.6 tons)
- Belgium (80.9 tons)
- Japan (60.1 tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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
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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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