Hong Kong SAR, China: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Hong Kong SAR, China

In 2022, the Hong Kong broom, brush, and mop market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Brooms, Brushes, And Mops in Hong Kong SAR, China

In value terms, broom, brush, and mop production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Broom, brush, and mop production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Brooms, Brushes, And Mops

Exports from Hong Kong SAR, China

In 2022, shipments abroad of brooms, brushes, and mops decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, broom, brush, and mop exports declined significantly to $X in 2022. In general, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for broom, brush, and mop exports from Hong Kong SAR, with a X% share of total exports. Moreover, broom, brush, and mop exports to China exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, China ($X) remains the key foreign market for brooms, brushes, and mops exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average broom, brush, and mop export price amounted to $X per unit, declining by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Democratic Republic of the Congo (less than $X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brooms, Brushes, And Mops

Imports into Hong Kong SAR, China

In 2022, purchases abroad of brooms, brushes, and mops decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, broom, brush, and mop imports stood at $X in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest broom, brush, and mop supplier to Hong Kong SAR, with a X% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform