Hong Kong SAR, China: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong corrugated paper box market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then shrank significantly in the following year.

Corrugated Paper Box Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of cartons, boxes and cases of corrugated paper or paperboard decreased by X% to X tons, falling for the ninth consecutive year after two years of growth. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, corrugated paper box exports shrank sharply to $X in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of corrugated paper box exports from Hong Kong SAR, together accounting for X% of total exports. Japan, Bangladesh, Thailand, Taiwan (Chinese), India, Macao SAR, Cambodia, the Philippines, the UK and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Vietnam ($X) constituted the largest markets for corrugated paper box exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Japan, Bangladesh, India, Cambodia, the UK, Taiwan (Chinese), the Philippines, France, Macao SAR and Thailand lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average corrugated paper box export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, corrugated paper box export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Thailand ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of cartons, boxes and cases of corrugated paper or paperboard were imported into Hong Kong SAR; which is down by X% compared with 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, corrugated paper box imports contracted markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, China (X tons) was the main corrugated paper box supplier to Hong Kong SAR, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of cartons, boxes and cases of corrugated paper or paperboard to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2022, the average corrugated paper box import price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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