Hong Kong SAR, China: Scent Spray Market 2024

Scent Spray Market Size in Hong Kong SAR, China

The Hong Kong scent spray market declined remarkably to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a resilient expansion. Scent spray consumption peaked at $X in 2021, and then reduced dramatically in the following year.

Scent Spray Production in Hong Kong SAR, China

In value terms, scent spray production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Scent spray production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Scent Spray Exports

Exports from Hong Kong SAR, China

Scent spray exports from Hong Kong SAR plummeted to X tons in 2022, dropping by X% against the year before. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, scent spray exports fell markedly to $X in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for scent spray exports from Hong Kong SAR, with a X% share of total exports. Moreover, scent spray exports to the United States exceeded the volume sent to the second major destination, China (X tons), twofold. Japan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume 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 Japan (X% per year).

In value terms, the largest markets for scent spray exported from Hong Kong SAR were China ($X), the United States ($X) and France ($X), together comprising X% of total exports. Japan, Canada, the UK, Spain, Germany, India, Macao SAR, the Netherlands and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Macao SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average scent spray export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 mixed trend patterns.

Scent Spray Imports

Imports into Hong Kong SAR, China

In 2022, imports of scent sprays into Hong Kong SAR reduced rapidly to X tons, waning by X% against the previous year's figure. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, scent spray imports declined significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of scent spray to Hong Kong SAR, accounting for a X% share of total imports. Moreover, scent spray imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Spain (X% per year).

In value terms, the largest scent spray suppliers to Hong Kong SAR were Malaysia ($X), China ($X) and Spain ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw 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 scent spray import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 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 more modest paces of growth.

Source: IndexBox Platform