Hong Kong SAR, China: Composite Paperboard Market 2024

Composite Paperboard Market Size in Hong Kong SAR, China

The Hong Kong composite paperboard market declined to $X in 2023, shrinking by X% against the previous year. Overall, consumption saw a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Composite Paperboard Production in Hong Kong SAR, China

In value terms, composite paperboard production expanded markedly to $X in 2023 estimated in export price. In general, production saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Composite paperboard production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Composite Paperboard Exports

Exports from Hong Kong SAR, China

In 2023, composite paperboard exports from Hong Kong SAR reduced markedly to X tons, shrinking by X% compared with the previous year. Over the period under review, exports recorded a precipitous decline. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, composite paperboard exports declined markedly to $X in 2023. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for composite paperboard exports from Hong Kong SAR, with a X% share of total exports. Moreover, composite paperboard exports to China exceeded the volume sent to the second major destination, Cambodia (X tons), more than tenfold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, 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: Cambodia (X% per year) and Bangladesh (X% per year).

In value terms, China ($X) remains the key foreign market for composite paper and paperboard exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the average composite paperboard export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Composite Paperboard Imports

Imports into Hong Kong SAR, China

In 2023, approx. X tons of composite paper and paperboard were imported into Hong Kong SAR; waning by X% compared with the year before. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, composite paperboard imports reduced markedly to $X in 2023. Overall, imports faced a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest composite paperboard supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, composite paperboard imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Finland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Finland (X% per year).

In value terms, the largest composite paperboard suppliers to Hong Kong SAR were Germany ($X), China ($X) and Italy ($X), together comprising X% of total imports. Finland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 composite paperboard import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, recorded a slight slump. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, 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