Hong Kong SAR, China: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Hong Kong SAR, China

The Hong Kong plaits and basketwork market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated tangible growth 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, consumption increased by X% against 2020 indices. Plaits and basketwork consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plaits And Basketwork Production in Hong Kong SAR, China

In value terms, plaits and basketwork production fell modestly to $X in 2022 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Plaits and basketwork production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Plaits And Basketwork Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plaits and basketwork exports amounted to $X in 2022. Overall, exports showed a deep downturn. 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 attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for plaits and basketwork exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, plaits and basketwork exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), threefold. The UK (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 the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by the UK, with an X% share.

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

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Hong Kong SAR, China

In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials imported into Hong Kong SAR declined sharply to X tons, reducing by X% on 2021. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plaits and basketwork imports shrank to $X in 2022. Over the period under review, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plaits and basketwork to Hong Kong SAR, with a X% share of total imports. Moreover, plaits and basketwork imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 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 France (X% per year).

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated buoyant growth 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, plaits and basketwork import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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