Hong Kong SAR, China - Composition Leather - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSharp Decline in Hong Kong's Composition Leather Price to $3.7 per Square Meter
Hong Kong Composition Leather Export Price in June 2023
In June 2023, the composition leather price stood at $3.7 per square meter (FOB, Hong Kong), dropping by -25% against the previous month. In general, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 181% month-to-month. Over the period under review, the average export prices reached the maximum at $5.5 per square meter in September 2022; however, from October 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($3.8 per square meter), while the average price for exports to Vietnam totaled $1.8 per square meter.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Composition Leather in Hong Kong (USD per square meter) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| China | 2.9 | 3.2 | 2.6 | 6.3 | 2.8 | 3.7 | 3.2 | 2.8 | 3.2 | 6.0 | 5.6 | 4.6 | 3.8 |
| Vietnam | 0.4 | 6.0 | 7.5 | 2.2 | 1.1 | 1.1 | N/A | N/A | N/A | 3.2 | 0.4 | 8.2 | 1.8 |
| Thailand | 12.5 | N/A | 11.8 | 12.6 | N/A | N/A | 13.0 | N/A | 11.7 | N/A | N/A | 13.5 | N/A |
| Average | 1.3 | 3.6 | 2.8 | 5.5 | 3.3 | 3.4 | 3.8 | 2.7 | 3.4 | 3.8 | 4.9 | 4.9 | 3.7 |
Hong Kong Composition Leather Exports
In June 2023, shipments abroad of composition leather increased by 48% to 111K square meters, rising for the second month in a row after two months of decline. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in February 2023 when exports increased by 1,844% month-to-month. Over the period under review, the exports hit record highs at 217K square meters in June 2022; however, from July 2022 to June 2023, the exports remained at a lower figure.
In value terms, composition leather exports rose notably to $408K (IndexBox estimates) in June 2023. In general, exports enjoyed temperate growth. The pace of growth was the most pronounced in February 2023 when exports increased by 2,391% m-o-m. Over the period under review, the exports attained the maximum in June 2023.
Hong Kong Composition Leather Exports by Country
China (102K square meters) was the main destination for composition leather exports from Hong Kong, accounting for a 92% share of total exports. Moreover, composition leather exports to China exceeded the volume sent to the second major destination, Cambodia (6.1K square meters), more than tenfold. The third position in this ranking was held by South Korea (2.5K square meters), with a 2.2% share.
From June 2022 to June 2023, the average monthly growth rate of volume to China stood at +4.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Cambodia (+4.3% per month) and South Korea (+8.7% per month).
In value terms, China ($387K) remains the key foreign market for composition leather exports from Hong Kong, comprising 95% of total exports. The second position in the ranking was held by Cambodia ($9.6K), with a 2.4% share of total exports. It was followed by South Korea, with a 2.3% share.
From June 2022 to June 2023, the average monthly growth rate of value to China amounted to +7.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Cambodia (+2.5% per month) and South Korea (+8.7% per month).
This report provides an in-depth analysis of the composition leather market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
