We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Hong Kong SAR, China - Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Jun 17, 2023

Wooden Frame Price in Hong Kong Averages $3.4 per Unit After Three Consecutive Months of Contraction

Hong Kong Wooden Frame Import Price in March 2023

In March 2023, the wooden frame price amounted to $3.4 per unit (CIF, Hong Kong), approximately reflecting the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 4.2% against the previous month. The import price peaked at $3.6 per unit in December 2022; however, from January 2023 to March 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In March 2023, the highest price was recorded for prices from India ($3.7 per unit) and Malaysia ($3.7 per unit), while the price for the United States ($3.2 per unit) and China ($3.4 per unit) were amongst the lowest.

From September 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Wooden Frame in Hong Kong (USD per unit)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
IndiaN/AN/AN/A3.7N/A3.73.7
France3.73.63.63.63.73.63.7
Malaysia3.73.63.63.73.63.63.7
SwitzerlandN/AN/AN/AN/A3.73.43.7
China3.33.33.53.63.43.43.4
United States3.23.23.23.23.23.23.2
Average3.43.43.53.63.53.43.4

Hong Kong Wooden Frame Imports

Wooden frame imports into Hong Kong surged to 31K units in March 2023, increasing by 25% compared with the previous month's figure. In general, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in January 2023 when imports increased by 50% m-o-m. Imports peaked at 39K units in October 2022; however, from November 2022 to March 2023, imports failed to regain momentum.

In value terms, wooden frame imports soared to $108K (IndexBox estimates) in March 2023. Overall, imports, however, showed a mild shrinkage. The pace of growth was the most pronounced in January 2023 when imports increased by 46% month-to-month. Imports peaked at 131K units in October 2022; afterwards, it flattened through to March 2023.

Hong Kong Wooden Frame Imports by Country

In March 2023, China (23K units) constituted the largest wooden frame supplier to Hong Kong, with a 72% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (5.5K units), fourfold. India (1.2K units) ranked third in terms of total imports with a 3.9% share.

From September 2022 to March 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.7% per month) and India (-32.4% per month).

In value terms, China ($76K) constituted the largest supplier of wooden frame to Hong Kong, comprising 71% of total imports. The second position in the ranking was held by Malaysia ($20K), with a 19% share of total imports. It was followed by India, with a 4.1% share.

From September 2022 to March 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.7% per month) and India (-32.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wooden frame 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 16291420 - Wooden frames for paintings, photographs, mirrors or similar objects

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Hong Kong SAR
Table
Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Hong Kong SAR - Table
Dashboard
Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Hong Kong SAR - Dashboard
Report
Wooden Frames For Paintings, Photographs, Mirrors Or Similar Objects - Hong Kong SAR - Report