Hong Kong SAR, China: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Hong Kong SAR, China

In 2022, the Hong Kong prisms and mirrors market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Prisms And Mirrors Production in Hong Kong SAR, China

In value terms, prisms and mirrors production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Prisms And Mirrors Exports

Exports from Hong Kong SAR, China

Prisms and mirrors exports from Hong Kong SAR fell remarkably to X tons in 2022, which is down by X% on the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prisms and mirrors exports rose modestly to $X in 2022. Overall, total exports indicated a modest 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for prisms and mirrors exports from Hong Kong SAR, with a X% share of total exports. Moreover, prisms and mirrors exports to China exceeded the volume sent to the second major destination, Finland (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for prisms and mirrors exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed strong growth. As a result, the export price reached 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 Japan ($X per ton), while the average price for exports to Finland ($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.

Prisms And Mirrors Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of prisms and mirrors decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a slight descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, prisms and mirrors imports expanded remarkably to $X in 2022. Over the period under review, total imports indicated a temperate 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of prisms and mirrors to Hong Kong SAR, with a X% share of total imports. Moreover, prisms and mirrors imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest prisms and mirrors suppliers to Hong Kong SAR were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded 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

The average prisms and mirrors import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Japan ($X,584 per ton), while the price for Taiwan (Chinese) ($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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