Hong Kong SAR, China: Toothpaste Market 2022

Toothpaste Market Size in Hong Kong SAR, China

The Hong Kong toothpaste market dropped remarkably to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Toothpaste Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of toothpaste, denture cleaners and other dentifrices were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded modest growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, toothpaste exports surged to $X in 2021. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Macao SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of toothpaste exports from Hong Kong SAR, together accounting for X% of total exports. These countries were followed by Singapore, the UK and Sierra Leone, which together accounted for a further X 2012 to 2021, the biggest increases were in Sierra Leone (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for toothpaste exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2021, the average toothpaste export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, toothpaste export price increased by +X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Toothpaste Imports

Imports into Hong Kong SAR, China

After three years of decline, purchases abroad of toothpaste, denture cleaners and other dentifrices increased by X% to X tons in 2021. Over the period under review, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, toothpaste imports declined to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toothpaste to Hong Kong SAR, with a X% share of total imports. Moreover, toothpaste imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and the United States (+X% per year).

In value terms, China ($X) constituted the largest supplier of toothpaste to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average toothpaste import price stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Market Intelligence Platform

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