Hong Kong SAR, China: Cellulose Pulp Machinery Market 2024

Cellulose Pulp Machinery Market Size in Hong Kong SAR, China

The Hong Kong cellulose pulp machinery market dropped slightly to $X.8B in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X.7B in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cellulose Pulp Machinery Production in Hong Kong SAR, China

In value terms, cellulose pulp machinery production shrank slightly to $X.7B in 2022 estimated in export price. Over the period under review, production showed a slight contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Cellulose pulp machinery production peaked at $X.2B in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Cellulose Pulp Machinery Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of machinery for making pulp of fibrous cellulosic material were exported from Hong Kong SAR; leveling off at the previous year. Over the period under review, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cellulose pulp machinery exports soared to $X in 2022. In general, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X units), Australia (X units) and Indonesia (X units) were the main destinations of cellulose pulp machinery exports from Hong Kong SAR, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for machinery for making pulp of fibrous cellulosic material exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average cellulose pulp machinery export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, recorded a precipitous descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Cellulose Pulp Machinery Imports

Imports into Hong Kong SAR, China

In 2022, cellulose pulp machinery imports into Hong Kong SAR reduced to X units, waning by X% against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cellulose pulp machinery imports dropped notably to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Italy (X units) and Taiwan (Chinese) (X units) were the main suppliers of cellulose pulp machinery imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), China ($X) and South Korea ($X) constituted the largest cellulose pulp machinery suppliers to Hong Kong SAR, together accounting for X% of total imports.

South Korea, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average cellulose pulp machinery import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 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 Finland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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