Hong Kong SAR, China: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Hong Kong SAR, China

The Hong Kong cellulose fibrecement sheet market shrank to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Hong Kong SAR, China

In value terms, cellulose fibrecement sheet production declined to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Hong Kong SAR, China

Cellulose fibrecement sheet exports from Hong Kong SAR reduced remarkably to X tons in 2022, which is down by X% on the previous year. Overall, exports recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cellulose fibrecement sheet exports stood at $X in 2022. Over the period under review, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for cellulose fibrecement sheet exports from Hong Kong SAR, with a X% share of total exports. Moreover, cellulose fibrecement sheet exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), threefold. Macao SAR (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Taiwan (Chinese) ($X), China ($X) and Macao SAR ($X) were the largest markets for cellulose fibrecement sheet exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, China, 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 mixed trend patterns.

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 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 China ($X per ton), while the average price for exports to Macao SAR ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cellulose Fibrecement Sheet Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of sheets, panels and tiles of cellulose fibrecement increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cellulose fibrecement sheet imports fell markedly to $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main cellulose fibrecement sheet supplier to Hong Kong SAR, with a X% share of total imports. It was followed by the Philippines (X tons), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform