Hong Kong SAR, China: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Hong Kong SAR, China

In 2022, the Hong Kong paper and paperboard market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Paper And Paperboard Production in Hong Kong SAR, China

In value terms, paper and paperboard production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Paper and paperboard production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Paper And Paperboard Exports

Exports from Hong Kong SAR, China

In 2022, the amount of paper and paperboard exported from Hong Kong SAR reduced remarkably to X tons, waning by X% compared with 2021. In general, exports showed a abrupt 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 2022, the exports remained at a lower figure.

In value terms, paper and paperboard exports dropped rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure 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 paper and paperboard exports from Hong Kong SAR, with a X% share of total exports. Moreover, paper and paperboard exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Vietnam (X% per year).

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

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

Export Prices by Country

The average paper and paperboard export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price 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, paper and paperboard export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Paper And Paperboard Imports

Imports into Hong Kong SAR, China

For the fifth consecutive year, Hong Kong SAR recorded decline in purchases abroad of paper and paperboard, which decreased by X% to X tons in 2022. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, paper and paperboard imports reduced to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and South Korea (X tons) were the main suppliers of paper and paperboard imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of paper and paperboard to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average paper and paperboard import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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