Hong Kong SAR, China: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Hong Kong SAR, China

The Hong Kong metal advertising sign market expanded sharply to $X in 2020, rising by X% against the previous year. Over the period under review, consumption, however, showed a noticeable reduction. As a result, consumption attained the peak level of $X. From 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Metal Advertising Sign Production in Hong Kong SAR, China

In value terms, metal advertising sign production stood at $X in 2020 estimated in export price. Overall, production saw a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Metal Advertising Sign Exports

Exports from Hong Kong SAR, China

In 2020, after six years of growth, there was significant decline in overseas shipments of metal advertising signs, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019, and then declined in the following year.

In value terms, metal advertising sign exports soared to $X in 2020. Overall, exports, however, saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for metal advertising sign exports from Hong Kong SAR, with a X% share of total exports. Moreover, metal advertising sign exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. Japan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2020, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest markets for metal advertising sign exported from Hong Kong SAR worldwide, together accounting for X% of total exports. Vietnam, Mexico, Japan, France, Malaysia, the UK, India, Bangladesh, Indonesia and the Netherlands lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal advertising sign export price stood at $X per ton in 2020, jumping by X% against the previous year. In general, the export price recorded a strong increase. As a result, the export price reached 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 Malaysia ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Hong Kong SAR, China

In 2020, supplies from abroad of metal advertising signs decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, metal advertising sign imports contracted slightly to $X in 2020. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) was the main metal advertising sign supplier to Hong Kong SAR, with a X% share of total imports. It was followed by Malaysia (X kg), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of metal advertising signs to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average metal advertising sign import price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform

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