Hong Kong SAR, China: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Hong Kong SAR, China

The Hong Kong market for ceramic wares for laboratory or technical uses reached $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Ceramic Wares For Laboratory Or Technical Uses in Hong Kong SAR, China

In value terms, production of ceramic wares for laboratory or technical uses totaled $X in 2022 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in shipments abroad of ceramic wares for laboratory or technical uses, when their volume decreased by X% to X tons. In general, exports saw a sharp reduction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of ceramic wares for laboratory or technical uses reduced markedly to $X in 2022. Over the period under review, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of ceramic wares for laboratory or technical uses from Hong Kong SAR, with a X% share of total exports. Moreover, exports of ceramic wares for laboratory or technical uses to the United States exceeded the volume sent to the second major destination, China (X tons), threefold.

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

In value terms, China ($X) remains the key foreign market for ceramic wares for laboratory or technical uses exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms 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 France (X% per year).

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Hong Kong SAR, China

In 2022, the amount of ceramic wares for laboratory or technical uses imported into Hong Kong SAR fell to X tons, waning by X% on the previous year. Over the period under review, imports showed a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of ceramic wares for laboratory or technical uses plummeted to $X in 2022. In general, imports recorded a significant contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X kg) and the Netherlands (X kg) were the main suppliers of imports of ceramic wares for laboratory or technical uses to Hong Kong SAR, together accounting for X% of total imports. Germany, the United States and Singapore lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Singapore ($X) and Japan ($X) appeared to be the largest ceramic wares for laboratory or technical uses suppliers to Hong Kong SAR, together accounting for X% of total imports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X,837 per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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