Hong Kong SAR, China - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn 2024, the Import Value of Plastic Support in Hong Kongs Decreases by 30% to $27 Million.
Hong Kong Plastic Support Imports
For the third consecutive year, Hong Kong recorded decline in supplies from abroad of spools, cops and similar supports of plastics, which decreased by -26.2% to 3.7K tons in 2024. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%. Imports peaked at 11K tons in 2017; however, from 2018 to 2024, imports failed to regain momentum.
In value terms, plastic support imports reduced rapidly to $27M (IndexBox estimates) in 2024. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of $65M. From 2022 to 2024, the growth of imports remained at a somewhat lower figure.
| COUNTRY | Import Value of Plastic Support in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| China | 42.5 | 41.7 | 42.0 | 45.6 | 42.4 | 40.6 | 40.4 | 46.5 | 27.1 | 24.5 | 17.6 |
| Taiwan (Chinese) | 2.9 | 3.2 | 4.0 | 3.8 | 4.1 | 3.8 | 3.5 | 4.3 | 3.8 | 4.4 | 2.4 |
| Japan | 3.7 | 3.3 | 4.7 | 4.2 | 3.4 | 3.3 | 2.7 | 4.9 | 3.4 | 2.1 | 1.9 |
| Singapore | 1.0 | 0.7 | 0.6 | 1.3 | 1.9 | 1.6 | 2.0 | 2.2 | 0.5 | 1.7 | 1.0 |
| United States | 1.8 | 2.1 | 1.6 | 0.8 | 1.0 | 1.9 | 1.7 | 1.6 | 1.9 | 1.4 | 0.9 |
| Germany | 0.9 | 0.7 | 0.9 | 1.3 | 1.1 | 2.1 | 1.3 | 1.4 | 1.8 | 0.8 | 0.7 |
| Malaysia | 0.1 | N/A | 0.1 | 0.3 | 0.3 | 0.6 | 1.0 | 0.8 | 0.9 | 0.8 | 0.5 |
| Others | 2.4 | 2.7 | 2.8 | 3.4 | 3.6 | 4.0 | 3.6 | 3.4 | 3.1 | 2.3 | 1.7 |
| Total | 55.4 | 54.4 | 56.6 | 60.8 | 57.9 | 57.8 | 56.1 | 65.0 | 42.5 | 38.0 | 26.7 |
Imports by Country
In 2024, China (2.5K tons) constituted the largest supplier of plastic support to Hong Kong, accounting for a 67% share of total imports. Moreover, plastic support imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (298 tons), eightfold. Japan (265 tons) ranked third in terms of total imports with a 7.1% share.
From 2014 to 2024, the average annual growth rate of volume from China amounted to -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.2% per year) and Japan (-8.0% per year).
In value terms, China ($18M) constituted the largest supplier of spools, cops and similar supports of plastics to Hong Kong, comprising 66% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($2.4M), with a 9% share of total imports. It was followed by Japan, with a 7% share.
From 2014 to 2024, the average annual rate of growth in terms of value from China stood at -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.7% per year) and Japan (-6.6% per year).
Imports by Type
In 2024, plastic stoppers, caps and closures (3K tons) constituted the largest type of spools, cops and similar supports of plastics supplied to Hong Kong, accounting for a 81% share of total imports. Moreover, plastic stoppers, caps and closures exceeded the figures recorded for the second-largest type, spools, cops, bobbins and similar supports of plastics (722 tons), fourfold.
From 2014 to 2024, the average annual rate of growth in terms of the volume of plastic stoppers, caps and closures imports stood at -7.5%.
In value terms, plastic stoppers, caps and closures ($22M) constituted the largest type of spools, cops and similar supports of plastics supplied to Hong Kong, comprising 84% of total imports. The second position in the ranking was held by spools, cops, bobbins and similar supports of plastics ($4.3M), with a 16% share of total imports.
Import Prices by Country
In 2024, the plastic support price stood at $7,150 per ton (CIF, Hong Kong), shrinking by -4.9% against the previous year. Over the period from 2014 to 2024, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2022 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure at $7,520 per ton in 2023, and then shrank in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2024, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($8,039 per ton) and the United States ($7,402 per ton), while the price for Singapore ($6,181 per ton) and Japan ($7,064 per ton) were amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic support 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 22221910 - Spools, cops, bobbins and similar supports, of plastics
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
