Hong Kong SAR, China: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Hong Kong SAR, China

The Hong Kong market for paint, distemper, varnish or similar brushes, paint pads and rollers fell to $X in 2021, reducing by -9.4% against the previous year. In general, consumption continues to indicate a perceptible descent. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Hong Kong SAR, China

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers declined sharply to $X in 2021 estimated in export price. In general, production, however, showed a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 111% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Hong Kong SAR, China

In 2021, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 181%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded remarkably to $X in 2021. Over the period under review, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2015 when exports increased by 130% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Hong Kong SAR, accounting for a 64% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Japan exceeded the volume sent to the second major destination, the United States (X units), twofold. Macao SAR (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.3% per year) and Macao SAR (-9.0% per year).

In value terms, the United States ($X), Japan ($X) and Macao SAR ($X) constituted the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Hong Kong SAR worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +35.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, increasing by 15% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 72% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Hong Kong SAR, China

In 2021, overseas purchases of paint, distemper, varnish or similar brushes, paint pads and rollers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 183%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 118%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main paint, distemper, varnish or similar brush, paint pad and roller supplier to Hong Kong SAR, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -13.7%.

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China stood at -3.6%.

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, picking up by 27% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +11.7% per year.

Source: IndexBox Market Intelligence Platform

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