Hong Kong SAR, China: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Hong Kong SAR, China

In 2022, the Hong Kong billiard accessoires market increased by 32% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a tangible expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Billiard Accessoires Production in Hong Kong SAR, China

In value terms, billiard accessoires production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 783% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Billiard Accessoires Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of articles and accessories for billiards were exported from Hong Kong SAR; dropping by -63.8% on 2021 figures. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 114% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, billiard accessoires exports fell dramatically to $X in 2022. Over the period under review, exports showed a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for billiard accessoires exports from Hong Kong SAR, accounting for a 48% share of total exports. Moreover, billiard accessoires exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.4% per year) and Taiwan (Chinese) (+46.8% per year).

In value terms, China ($X) remains the key foreign market for articles and accessories for billiards exports from Hong Kong SAR, comprising 50% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.9% per year) and Taiwan (Chinese) (+62.9% per year).

Export Prices by Country

In 2022, the average billiard accessoires export price amounted to $X per ton, jumping by 87% against the previous year. Overall, the export price saw a strong expansion. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Billiard Accessoires Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of articles and accessories for billiards increased by 29% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 169% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, billiard accessoires imports fell to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 120% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Japan (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of billiard accessoires imports to Hong Kong SAR, together accounting for 85% of total imports. China, the UK, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest billiard accessoires suppliers to Hong Kong SAR were Japan ($X), Belgium ($X) and France ($X), together comprising 84% of total imports.

In terms of the main suppliers, France, with a CAGR of +53.0%, recorded the highest rates of growth with regard to 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

In 2022, the average billiard accessoires import price amounted to $X per ton, falling by -31.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :