Hong Kong SAR, China: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Hong Kong SAR, China

The Hong Kong market for articles of cellulose fibre-cement, not containing asbestos totaled $X in 2022, with an increase of 8.1% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Hong Kong SAR, China

In value terms, production of articles of cellulose fibre-cement, not containing asbestos expanded markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 72% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Hong Kong SAR, China

In 2022, exports of articles of cellulose fibre-cement, not containing asbestos from Hong Kong SAR shrank significantly to X tons, which is down by -22.8% compared with 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 2,230% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos shrank remarkably to $X in 2022. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 2,449%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Australia (X tons), India (X tons) and Austria (X tons) were the main destinations of exports of articles of cellulose fibre-cement, not containing asbestos from Hong Kong SAR, with a combined 61% share of total exports. Sri Lanka, Denmark, Germany and the United States lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +93.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Hong Kong SAR were Australia ($X), Austria ($X) and Denmark ($X), with a combined 45% share of total exports.

Denmark, with a CAGR of +72.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, with a decrease of -10.2% against the previous year. Over the period under review, the export price, however, saw prominent growth. The pace of growth was the most pronounced in 2017 an increase of 81% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sri Lanka ($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 Cambodia (+74.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Hong Kong SAR, China

In 2022, overseas purchases of articles of cellulose fibre-cement, not containing asbestos increased by 271% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 6,074%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos surged to $X in 2022. In general, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 5,926%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main articles of cellulose fibre-cement, not containing asbestos supplier to Hong Kong SAR, with a 95% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from China exceeded the figures recorded by the second-largest supplier, South Africa (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -12.8%.

In value terms, China ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Hong Kong SAR, comprising 99% of total imports. The second position in the ranking was held by South Africa ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -5.0%.

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, with a decrease of -67.3% against the previous year. In general, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 214%. The import price peaked at $X per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+242.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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