Hong Kong SAR, China - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Furniture Price in Hong Kong SAR - 2023
Contents:
- Plastic Furniture Price in Hong Kong SAR (CIF) - 2023
- Plastic Furniture Price in Hong Kong SAR (FOB) - 2022
- Plastic Furniture Imports in Hong Kong SAR
- Plastic Furniture Exports in Hong Kong SAR
Plastic Furniture Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average plastic furniture import price amounted to $6.8 per unit, reducing by -19.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 80% m-o-m. The import price peaked at $11.5 per unit in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($8.9 per unit), while the price for China stood at $4.6 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.9%).
Plastic Furniture Price in Hong Kong SAR (FOB) - 2022
The average plastic furniture export price stood at $27 per unit in 2022, increasing by 59% against the previous year. In general, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($39 per unit), while the average price for exports to Malaysia ($5.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Furniture Imports in Hong Kong SAR
In 2022, overseas purchases of furniture of plastic decreased by -27.3% to 806K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports attained the peak of 1.1M units, and then declined rapidly in the following year.
In value terms, plastic furniture imports fell sharply to $7.6M in 2022. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 23%. Over the period under review, imports reached the maximum at $10M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Plastic Furniture in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 6.1 | 8.0 | 5.4 | -11.9% |
| United States | 0.6 | 0.4 | 0.5 | 0.5 | -5.9% |
| Japan | 0.3 | 0.6 | 0.5 | 0.4 | 10.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Indonesia | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 1.3 | 0.8 | 0.8 | 1.1 | -5.4% |
| Total | 10.2 | 8.1 | 10.0 | 7.6 | -9.3% |
Top Suppliers of Plastic Furniture to Hong Kong SAR in 2022:
- China (682.1K units)
- Japan (52.7K units)
- Taiwan (Chinese) (16.2K units)
- United States (13.9K units)
- Indonesia (7.7K units)
Plastic Furniture Exports in Hong Kong SAR
Plastic furniture exports from Hong Kong SAR declined significantly to 48K units in 2022, which is down by -70.8% on 2021. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum at 247K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, plastic furniture exports contracted markedly to $1.3M in 2022. In general, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 when exports increased by 24%. The exports peaked at $4.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Plastic Furniture in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,853 | 1,405 | 1,177 | 598 | -31.4% |
| Philippines | 605 | 10.3 | 45.4 | 166 | -35.0% |
| Macao SAR | 126 | 88.6 | 133 | 96.5 | -8.5% |
| Germany | 13.3 | 77.1 | 108 | 70.3 | 74.2% |
| France | 14.2 | 7.3 | 36.7 | 66.0 | 66.9% |
| China | 1,672 | 282 | 687 | 65.6 | -66.0% |
| Japan | 156 | 89.7 | 103 | 52.7 | -30.4% |
| Canada | 81.9 | 64.0 | 104 | 42.4 | -19.7% |
| Australia | 52.8 | 59.1 | 99.6 | 32.7 | -14.8% |
| Singapore | 17.0 | 32.1 | 38.9 | 27.4 | 17.2% |
| Malaysia | 5.4 | 13.8 | 4.3 | 6.9 | 8.5% |
| United Kingdom | 114 | 37.1 | 10.0 | 1.3 | -77.5% |
| Others | 221 | 48.2 | 193 | 50.9 | -38.7% |
| Total | 4,933 | 2,215 | 2,741 | 1,277 | -36.3% |
Top Export Markets for Plastic Furniture from Hong Kong SAR in 2022:
- United States (16.9K units)
- Philippines (9.1K units)
- Macao SAR (4.4K units)
- China (3.0K units)
- Germany (2.6K units)
- Canada (2.0K units)
- Japan (1.9K units)
- France (1.7K units)
- Malaysia (1.4K units)
- Australia (1.3K units)
- Singapore (0.8K units)
- United Kingdom (0.1K units)
This report provides an in-depth analysis of the plastic furniture 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)
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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