Hong Kong SAR, China: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Hong Kong SAR, China

In 2021, the Hong Kong market for boards, sheets, panels, tiles and similar articles of plaster not faced was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw slight growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Hong Kong SAR, China

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Hong Kong SAR, China

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were exported from Hong Kong SAR; dropping by -25.9% on 2020. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by 717%. Over the period under review, the exports of attained the maximum at X square meters in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced dropped remarkably to $X in 2021. In general, exports showed a perceptible reduction. The growth pace was the most rapid in 2014 when exports increased by 778% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR amounted to -3.8%.

In value terms, Macao SAR ($X) also remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster not faced exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to Macao SAR was relatively modest.

Export Prices by Country

The average export price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, picking up by 5.4% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for boards, sheets, panels, tiles and similar articles of plaster not faced increased by +57.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2021, the rate of growth in terms of prices for Macao SAR amounted to +3.7% per year.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of boards, sheets, panels, tiles and similar articles of plaster not faced was finally on the rise to reach X square meters after two years of decline. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 133% against the previous year. Over the period under review, imports of attained the maximum at X square meters in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 109%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X square meters) constituted the largest board, sheet, panel, tile and similar article of plaster not faced supplier to Hong Kong SAR, accounting for a 60% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster not faced from Germany exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), threefold. The third position in this ranking was held by Italy (X square meters), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-6.3% per year) and Italy (+32.2% per year).

In value terms, the largest board, sheet, panel, tile and similar article of plaster not faced suppliers to Hong Kong SAR were Germany ($X), Italy ($X) and China ($X), together accounting for 86% of total imports.

Italy, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, picking up by 23% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 45%. The import price peaked at $X per square meter in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :