Hong Kong SAR, China: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Hong Kong SAR, China

The Hong Kong market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses shrank to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Production of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Hong Kong SAR, China

In value terms, production of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses totaled $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Hong Kong SAR, China

In 2020, overseas shipments of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses increased by X% to X square meters, rising for the fourth year in a row after two years of decline. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses surged to $X in 2020. Over the period under review, exports recorded strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X square meters) was the main destination for exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Hong Kong SAR, with a X% share of total exports. Moreover, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to China exceeded the volume sent to the second major destination, South Korea (X square meters), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and the UK (+X% per year).

In value terms, South Korea ($X) emerged as the key foreign market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to South Korea stood at +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

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, surging by X% against the previous year. In general, the export price showed a remarkable increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was South Korea ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Hong Kong SAR, China

In 2020, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses into Hong Kong SAR fell remarkably to X square meters, reducing by -X% against the previous year's figure. Over the period under review, imports recorded a perceptible setback. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at X square meters in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses plummeted to $X in 2020. In general, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X square meters) constituted the largest safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels supplier to Hong Kong SAR, with a X% share of total imports. Moreover, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from China exceeded the figures recorded by the second-largest supplier, Singapore (X square meters), more than tenfold. The UK (X square meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and the UK (-X% per year).

In value terms, the largest safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels suppliers to Hong Kong SAR were China ($X), the UK ($X) and Singapore ($X), together accounting for X% of total imports.

Among the main suppliers, Singapore recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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