Hong Kong SAR, China: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in Hong Kong SAR, China

The Hong Kong market for wood chips, particles and residues soared to $X in 2021, rising by 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 saw a significant increase. Wood chips, particles and residues consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Wood Chips, Particles And Residues

Exports from Hong Kong SAR, China

In 2021, wood chips, particles and residues exports from Hong Kong SAR dropped rapidly to X cubic meters, reducing by X% compared with 2020. Over the period under review, exports recorded a significant decrease. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood chips, particles and residues exports contracted dramatically to $X in 2021. In general, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Macao SAR (X cubic meters), the United States (X cubic meters) and China (X cubic meters) were the main destinations of wood chips, particles and residues exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for wood chips, particles and residues exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Macao SAR, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. 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).

Export Prices by Country

The average export price for wood chips, particles and residues stood at $X per cubic meter in 2021, surging by X% against the previous year. Overall, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Macao SAR ($X per cubic meter) 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.

Imports of Wood Chips, Particles And Residues

Imports into Hong Kong SAR, China

For the tenth consecutive year, Hong Kong SAR recorded growth in overseas purchases of wood chips, particles and residues, which increased by X% to X cubic meters in 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood chips, particles and residues imports skyrocketed to $X in 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X cubic meters) constituted the largest wood chips, particles and residues supplier to Hong Kong SAR, with a X% share of total imports. Moreover, wood chips, particles and residues imports from the United States exceeded the figures recorded by the second-largest supplier, Estonia (X cubic meters), fourfold. The third position in this ranking was taken by China (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and China (X% per year).

In value terms, China ($X), Estonia ($X) and the United States ($X) appeared to be the largest wood chips, particles and residues suppliers to Hong Kong SAR, together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood chips, particles and residues stood at $X per cubic meter in 2021, declining by X% against the previous year. In general, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for the United States ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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