Hong Kong SAR, China: Wooden Frame Market 2024

Wooden Frame Market Size in Hong Kong SAR, China

In 2022, the Hong Kong wooden frame market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wooden Frame Production in Hong Kong SAR, China

In value terms, wooden frame production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Wooden frame production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wooden Frame Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, exports saw a significant decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden frame exports dropped significantly to $X in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame exports from Hong Kong SAR, with a X% share of total exports. Moreover, wooden frame exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by Macao SAR (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at 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, the largest markets for wooden frame exported from Hong Kong SAR were China ($X), the United States ($X) and Macao SAR ($X), with a combined X% share of total exports.

Macao SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wooden frame export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the Netherlands ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were imported into Hong Kong SAR; which is down by X% against the year before. In general, imports faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden frame imports dropped significantly to $X in 2022. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame to Hong Kong SAR, accounting for a X% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. Japan (X units) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average wooden frame import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and Japan ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :