Hong Kong SAR, China: Ceramic Tile Market 2024

Ceramic Tile Market Size in Hong Kong SAR, China

The Hong Kong ceramic tile market declined to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ceramic Tile Exports

Exports from Hong Kong SAR, China

In 2022, the amount of ceramic tiles exported from Hong Kong SAR reduced rapidly to X square meters, dropping by X% on the previous year. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, ceramic tile exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X square meters), Macao SAR (X square meters) and Malaysia (X square meters) were the main destinations of ceramic tile exports from Hong Kong SAR, together accounting for X% of total exports. The Philippines lagged somewhat behind, accounting for a further X%.

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

In value terms, the largest markets for ceramic tile exported from Hong Kong SAR were China ($X), Macao SAR ($X) and Malaysia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Malaysia, 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 a decline.

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 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 Malaysia ($X per square meter), while the average price for exports to the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2022, 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 a decline.

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Ceramic Tile Imports

Imports into Hong Kong SAR, China

In 2022, the amount of ceramic tiles imported into Hong Kong SAR contracted rapidly to X square meters, reducing by X% against 2021 figures. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports contracted to $X in 2022. In general, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X square meters), Italy (X square meters) and Spain (X square meters) were the main suppliers of ceramic tile imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest ceramic tile suppliers to Hong Kong SAR were China ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ceramic tile import price amounted to $X per square meter, growing by X% against the previous year. In general, import price indicated a strong increase 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, ceramic tile import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per square meter) and Spain ($X per square meter), while the price for Japan ($X per square meter) and China ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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