Report Update: Apr 1, 2024

Hong Kong SAR, China - Waferboard - Market Analysis, Forecast, Size, Trends and Insights

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Waferboard Price in Hong Kong SAR - 2023

Waferboard Price in Hong Kong SAR (CIF) - 2022

The average waferboard import price stood at $428 per cubic meter in 2022, shrinking by -16.2% against the previous year. Overall, the import price, however, showed strong growth. The growth pace was the most rapid in 2021 an increase of 131% against the previous year. As a result, import price attained the peak level of $510 per cubic meter, and then shrank remarkably in the following year.

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 Italy ($959 per cubic meter), while the price for China stood at $382 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced a decline.

Waferboard Price in Hong Kong SAR (FOB) - 2022

In 2022, the average waferboard export price amounted to $1,622 per cubic meter, with an increase of 76% against the previous year. Over the period under review, the export price recorded significant growth. The growth pace was the most rapid in 2021 an increase of 130%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,805 per cubic meter), while the average price for exports to China stood at $1,440 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.0%).

Waferboard Imports in Hong Kong SAR

In 2022, supplies from abroad of waferboards was finally on the rise to reach 6.5K cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp downturn. Over the period under review, imports reached the maximum at 20K cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, waferboard imports surged to $2.8M in 2022. In general, imports, however, saw a precipitous contraction. Imports peaked at $5.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Waferboard in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.8	0.5	1.2	2.3	8.5%
Italy	1.6	1.3	1.0	0.5	-32.1%
Thailand	1.4	1.4	0.1	N/A	-73.3%
Malaysia	0.6	0.4	N/A	N/A	-33.3%
Others	0.1	N/A	0.1	N/A	0.0%
Total	5.5	3.6	2.4	2.8	-20.2%

Top Suppliers of Waferboard to Hong Kong SAR in 2022:

China (6.1K cubic meters)
Italy (0.5K cubic meters)

Waferboard Exports in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of waferboards, which decreased by -53.8% to 74 cubic meters in 2022. Over the period under review, exports showed a dramatic descent. The smallest decline of -23.8% was in 2021. The exports peaked at 468 cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, waferboard exports fell rapidly to $120K in 2022. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs at $157K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Waferboard in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	151	80.8	145	101	-12.5%
United States	2.5	3.3	2.4	19.2	97.3%
Others	3.6	N/A	0.3	N/A	-71.1%
Total	157	84.1	147	120	-8.6%

Top Export Markets for Waferboard from Hong Kong SAR in 2022:

China (70.0 cubic meters)
United States (4.0 cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the waferboard 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 16211313 - Particle board, 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023