Hong Kong SAR, China: Semi-Chemical Fluting Market 2023

Semi-Chemical Fluting Market Size in Hong Kong SAR, China

The Hong Kong semi-chemical fluting market totaled $X in 2021, increasing by 2.6% against the previous year. Overall, consumption, however, recorded a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Semi-Chemical Fluting Production in Hong Kong SAR, China

In value terms, semi-chemical fluting production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2018 when the production volume increased by 4.9%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Semi-Chemical Fluting Exports

Exports from Hong Kong SAR, China

Semi-chemical fluting exports from Hong Kong SAR expanded slightly to X tons in 2021, picking up by 1.5% compared with the year before. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2019 when exports increased by 157% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, semi-chemical fluting exports expanded remarkably to $X in 2021. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 110%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for semi-chemical fluting exports from Hong Kong SAR, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Philippines was relatively modest.

In value terms, the Philippines ($X) also remains the key foreign market for semi-chemical fluting exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to the Philippines totaled -2.9%.

Export Prices by Country

In 2021, the average semi-chemical fluting export price amounted to $X per ton, growing by 5.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to -2.1% per year.

Semi-Chemical Fluting Imports

Imports into Hong Kong SAR, China

In 2021, the amount of semi-chemical fluting imported into Hong Kong SAR declined remarkably to X tons, waning by -76.3% on the year before. Overall, imports, however, saw a slight increase. The pace of growth was the most pronounced in 2016 with an increase of 623%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-chemical fluting imports declined remarkably to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 565%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Finland (X tons) constituted the largest semi-chemical fluting supplier to Hong Kong SAR, accounting for a 70% share of total imports. Moreover, semi-chemical fluting imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by Sri Lanka (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from Finland amounted to +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-7.8% per year) and Sri Lanka (-63.8% per year).

In value terms, Finland ($X) constituted the largest supplier of semi-chemical fluting to Hong Kong SAR, comprising 77% of total imports. The second position in the ranking was held by Sweden ($X), with a 19% share of total imports. It was followed by Senegal, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Finland amounted to +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-9.6% per year) and Senegal (0.0% per year).

Import Prices by Country

In 2021, the average semi-chemical fluting import price amounted to $X per ton, waning by -12.1% against the previous year. Overall, the import price saw a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 49% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Finland ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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