Hong Kong SAR, China - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Hong Kong SAR - 2023
Contents:
- Wood Fuel Price in Hong Kong SAR (CIF) - 2022
- Wood Fuel Price in Hong Kong SAR (FOB) - 2022
- Wood Fuel Imports in Hong Kong SAR
- Wood Fuel Exports in Hong Kong SAR
Wood Fuel Price in Hong Kong SAR (CIF) - 2022
The average wood fuel import price stood at $512 per cubic meter in 2022, growing by 22% against the previous year. In general, the import price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 134% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Singapore ($1,442 per cubic meter), while the price for China ($131 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+62.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Fuel Price in Hong Kong SAR (FOB) - 2022
In 2022, the average wood fuel export price amounted to $371 per cubic meter, with an increase of 7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 121%. Over the period under review, the average export prices attained the maximum at $374 per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to -0.1% per year.
Wood Fuel Imports in Hong Kong SAR
In 2022, supplies from abroad of wood fuel decreased by -10% to 45 cubic meters, falling for the second year in a row after two years of growth. In general, imports saw a precipitous setback. The pace of growth was the most pronounced in 2020 when imports increased by 90% against the previous year. As a result, imports attained the peak of 671 cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wood fuel imports expanded markedly to $23K in 2022. Overall, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 107% against the previous year. As a result, imports reached the peak of $120K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Wood Fuel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.7 | 39.8 | 21.0 | 13.3 | -33.2% |
| Singapore | N/A | N/A | N/A | 7.2 | 0% |
| China | N/A | 72.6 | N/A | 2.5 | -81.4% |
| Canada | 13.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 8.0 | N/A | N/A | 0% |
| Total | 58.1 | 120 | 21.0 | 23.0 | -26.6% |
Top Suppliers of Wood Fuel to Hong Kong SAR in 2022:
- United States (21.0 cubic meters)
- China (19.0 cubic meters)
- Singapore (5.0 cubic meters)
Wood Fuel Exports in Hong Kong SAR
In 2022, overseas shipments of wood fuel decreased by -68.7% to 36 cubic meters, falling for the second consecutive year after two years of growth. Overall, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2020 when exports increased by 484% against the previous year. As a result, the exports reached the peak of 631 cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, wood fuel exports contracted rapidly to $13K in 2022. In general, exports faced a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 153% against the previous year. As a result, the exports attained the peak of $99K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Wood Fuel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 39.0 | 26.1 | 39.8 | 13.3 | -30.1% |
| China | N/A | 72.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 39.0 | 98.8 | 39.8 | 13.3 | -30.1% |
Top Export Markets for Wood Fuel from Hong Kong SAR in 2022:
- Macao SAR (36.0 cubic meters)
This report provides an in-depth analysis of the wood fuel 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:
- FCL 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
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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