Hong Kong SAR, China: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Hong Kong SAR, China

The Hong Kong articles of fiber cement market fell to $X in 2022, dropping by -13.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a prominent expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Hong Kong SAR, China

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Hong Kong SAR declined remarkably to X tons, shrinking by -27.6% compared with the previous year's figure. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 460% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, articles of fiber cement exports amounted to $X in 2022. Overall, exports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2021 when exports increased by 289%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for articles of fiber cement exports from Hong Kong SAR, with a 63% share of total exports. Moreover, articles of fiber cement exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.6% per year) and Macao SAR (-19.5% per year).

In value terms, the largest markets for articles of fiber cement exported from Hong Kong SAR were Taiwan (Chinese) ($X), China ($X) and Macao SAR ($X), together comprising 97% of total exports.

In terms of the main countries of destination, China, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, picking up by 41% against the previous year. In general, the export price showed measured growth. The pace of growth appeared the most rapid in 2015 an increase of 84% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR ($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 Taiwan (Chinese) (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Hong Kong SAR, China

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by 2.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 226%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, articles of fiber cement imports reduced markedly to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 297% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X tons) was the main articles of fiber cement supplier to Hong Kong SAR, with a 99% share of total imports. It was followed by the Philippines (X tons), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +21.6%.

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Hong Kong SAR, comprising 97% of total imports. The second position in the ranking was held by the Philippines ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +14.4%.

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, which is down by -27.2% against the previous year. In general, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Philippines amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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