Hong Kong SAR, China: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Hong Kong SAR, China

The Hong Kong market for non-soap washing and cleaning preparations fell rapidly to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a pronounced contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Non-Soap Washing and Cleaning Preparations in Hong Kong SAR, China

In value terms, non-soap washing and cleaning preparations production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Hong Kong SAR, China

In 2022, shipments abroad of non-soap washing and cleaning preparations decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated slight growth from 2012 to 2022: its volume 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. The pace of growth was the most pronounced 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, non-soap washing and cleaning preparations exports contracted dramatically to $X in 2022. Over the period under review, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

China (X tons) was the main destination for non-soap washing and cleaning preparations exports from Hong Kong SAR, with a X% share of total exports. Moreover, non-soap washing and cleaning preparations exports to China exceeded the volume sent to the second major destination, Japan (X tons), twofold. Macao SAR (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, China ($X) remains the key foreign market for non-soap washing and cleaning preparations exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Japan (X% per year).

Export Prices by Country

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($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 Macao SAR (X%), while the prices for the other major destinations experienced a decline.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Hong Kong SAR, China

In 2022, purchases abroad of non-soap washing and cleaning preparations decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-soap washing and cleaning preparations imports fell markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest non-soap washing and cleaning preparations supplier to Hong Kong SAR, with a X% share of total imports. Moreover, non-soap washing and cleaning preparations imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. Malaysia (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 China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of non-soap washing and cleaning preparations to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average import price for non-soap washing and cleaning preparations amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :