Hong Kong SAR, China: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong market for drawn glass and blown glass, when its value decreased by X% to $X. In general, consumption, however, saw buoyant growth. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Production of Drawn Glass And Blown Glass in Hong Kong SAR, China

In value terms, drawn glass and blown glass production fell to $X in 2022 estimated in export price. Overall, production recorded a dramatic descent. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of drawn glass and blown glass increased by X% to X square meters in 2022. In general, exports, however, showed a dramatic setback. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports reduced slightly to $X in 2022. Overall, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X square meters) was the main destination for drawn glass and blown glass exports from Hong Kong SAR, with a X% share of total exports. Moreover, drawn glass and blown glass exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%.

In value terms, China ($X) remains the key foreign market for drawn glass and blown glass exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total exports.

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

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the average price for exports to China stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%).

Imports of Drawn Glass And Blown Glass

Imports into Hong Kong SAR, China

In 2022, the amount of drawn glass and blown glass imported into Hong Kong SAR declined to X square meters, which is down by X% compared with the year before. Overall, imports saw a precipitous curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2022. In general, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X square meters) constituted the largest supplier of drawn glass and blown glass to Hong Kong SAR, with a X% share of total imports. Moreover, drawn glass and blown glass imports from Germany exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest drawn glass and blown glass suppliers to Hong Kong SAR were China ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average import price for drawn glass and blown glass amounted to $X per square meter, with an increase of X% against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for Germany ($X per square meter) 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 mixed trend patterns.

Source: IndexBox Platform

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