Hong Kong SAR, China: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Hong Kong SAR, China

The Hong Kong tanned or dressed furskins market declined markedly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Tanned or Dressed Furskins in Hong Kong SAR, China

In value terms, tanned or dressed furskins production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Tanned or Dressed Furskins

Exports from Hong Kong SAR, China

Tanned or dressed furskins exports from Hong Kong SAR dropped sharply to X units in 2022, shrinking by X% compared with the year before. In general, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports fell significantly to $X in 2022. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for tanned or dressed furskins exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, tanned or dressed furskins exports to China exceeded the volume sent to the second major destination, Malaysia (X units), fourfold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, 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: Malaysia (X% per year) and Australia (X% per year).

In value terms, China ($X), Malaysia ($X) and Cambodia ($X) were the largest markets for tanned or dressed furskins exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Italy, Australia and Vietnam lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 tanned or dressed furskins export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tanned or Dressed Furskins

Imports into Hong Kong SAR, China

In 2022, imports of tanned or dressed furskins into Hong Kong SAR shrank markedly to X units, reducing by X% against 2021 figures. Overall, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, tanned or dressed furskins imports dropped remarkably to $X in 2022. In general, imports showed a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and Thailand (X units) were the main suppliers of tanned or dressed furskins imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest tanned or dressed furskins suppliers to Hong Kong SAR were Thailand ($X), France ($X) and Cambodia ($X), with a combined X% share of total imports. China, the United States, Brazil and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, saw 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

The average tanned or dressed furskins import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Cambodia ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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