Hong Kong SAR, China: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Hong Kong SAR, China

The Hong Kong non-cellular polypropylene film market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a moderate 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. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Non-Cellular Polypropylene Film Production in Hong Kong SAR, China

In value terms, non-cellular polypropylene film production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Non-cellular polypropylene film production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Non-Cellular Polypropylene Film Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were exported from Hong Kong SAR; with a decrease of X% against the year before. Over the period under review, exports saw a sharp reduction. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polypropylene film exports reduced rapidly to $X in 2022. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for non-cellular polypropylene film exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

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

In value terms, China ($X) also remains the key foreign market for non-cellular polypropylene films, sheets, foil and strip exports from Hong Kong SAR.

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

Export Prices by Country

In 2022, the average non-cellular polypropylene film export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Non-Cellular Polypropylene Film Imports

Imports into Hong Kong SAR, China

In 2022, the amount of non-cellular polypropylene films, sheets, foil and strip imported into Hong Kong SAR shrank rapidly to X tons, declining by X% compared with the previous year. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polypropylene film imports contracted notably to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest non-cellular polypropylene film supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, non-cellular polypropylene film imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an X% share.

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

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest non-cellular polypropylene film suppliers to Hong Kong SAR, with a combined X% share of total imports. Germany, Belgium, Taiwan (Chinese), the United States, Indonesia, Mexico and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Germany, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average non-cellular polypropylene film import price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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