Hong Kong SAR, China - Tableware And Kitchenware Of Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wood Kitchenware and Tableware in Hong Kong SAR - 2023
Contents:
- Price for Wood Kitchenware and Tableware in Hong Kong SAR (CIF) - 2023
- Price for Wood Kitchenware and Tableware in Hong Kong SAR (FOB) - 2022
- Imports of Wood Kitchenware and Tableware in Hong Kong SAR
- Exports of Wood Kitchenware and Tableware in Hong Kong SAR
Price for Wood Kitchenware and Tableware in Hong Kong SAR (CIF) - 2023
In June 2023, the average wood kitchenware and tableware import price amounted to $2,790 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in July 2022 an increase of 408% month-to-month. As a result, import price attained the peak level of $143K per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +0.5% per month.
Price for Wood Kitchenware and Tableware in Hong Kong SAR (FOB) - 2022
The average wood kitchenware and tableware export price stood at $10,160 per ton in 2022, jumping by 34% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 69% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($20,127 per ton), while the average price for exports to Belgium ($3,071 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 Singapore (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood Kitchenware and Tableware in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of tableware and kitchenware of wood, which decreased by -2% to 4K tons in 2022. In general, imports recorded a noticeable decline. The smallest decline of -0.5% was in 2020.
In value terms, wood kitchenware and tableware imports reduced to $11M in 2022. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
| Import of Wood Kitchenware and Tableware in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 7.5 | 8.3 | 8.2 | -1.2% |
| Japan | 0.8 | 0.8 | 1.3 | 0.9 | 4.0% |
| Others | 3.0 | 1.9 | 2.4 | 1.7 | -17.2% |
| Total | 12.4 | 10.3 | 12.0 | 10.8 | -4.5% |
Top Suppliers of Wood Kitchenware and Tableware to Hong Kong SAR in 2022:
- China (3.7K tons)
- Japan (0.1K tons)
Exports of Wood Kitchenware and Tableware in Hong Kong SAR
In 2022, wood kitchenware and tableware exports from Hong Kong SAR dropped remarkably to 144 tons, with a decrease of -79.8% against the previous year. Overall, exports faced a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 120% against the previous year.
In value terms, wood kitchenware and tableware exports shrank significantly to $1.5M in 2022. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 127%.
| Export of Wood Kitchenware and Tableware in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 90.8 | 70.4 | 1,607 | 365 | 59.0% |
| United States | 939 | 263 | 351 | 240 | -36.5% |
| Macao SAR | 112 | 204 | 153 | 175 | 16.0% |
| China | 281 | 230 | 273 | 91.3 | -31.3% |
| France | 26.0 | 64.7 | 52.1 | 66.9 | 37.0% |
| Singapore | 44.7 | 76.3 | 65.8 | 60.3 | 10.5% |
| United Kingdom | 165 | 46.8 | 187 | 47.4 | -34.0% |
| Canada | 44.7 | 13.3 | 87.8 | 43.4 | -1.0% |
| Germany | 4,408 | 596 | 1,767 | 40.2 | -79.1% |
| Cambodia | 0.6 | N/A | N/A | 38.4 | 300.0% |
| Sweden | 74.0 | 87.0 | 94.8 | 36.6 | -20.9% |
| India | N/A | N/A | N/A | 31.6 | 0% |
| Belgium | 20.0 | 25.2 | 21.7 | 13.9 | -11.4% |
| Others | 837 | 693 | 715 | 212 | -36.7% |
| Total | 7,044 | 2,369 | 5,375 | 1,461 | -40.8% |
Top Export Markets for Wood Kitchenware and Tableware from Hong Kong SAR in 2022:
- United States (22.5 tons)
- Japan (18.4 tons)
- Macao SAR (16.2 tons)
- China (12.1 tons)
- Canada (10.6 tons)
- Cambodia (5.9 tons)
- India (4.6 tons)
- Belgium (4.5 tons)
- France (4.3 tons)
- United Kingdom (4.2 tons)
- Germany (3.9 tons)
- Sweden (3.6 tons)
- Singapore (3.0 tons)
This report provides an in-depth analysis of the market for wood kitchenware and tableware 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 16291200 - Tableware and kitchenware of wood
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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