Hong Kong SAR, China: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Hong Kong SAR, China

In 2021, the Hong Kong market for bottles, jars and other containers of glass decreased by -26.6% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Hong Kong SAR, China

In value terms, glass bottle, jar and container production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 170% against the previous year. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Hong Kong SAR, China

In 2021, overseas shipments of bottles, jars and other containers of glass decreased by -38.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 6.6% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, glass bottle, jar and container exports dropped significantly to $X in 2021. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 5.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for glass bottle, jar and container exports from Hong Kong SAR, accounting for a 49% share of total exports. Moreover, glass bottle, jar and container exports to China exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by the Philippines (X units), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.5% per year) and the Philippines (+2.5% per year).

In value terms, the largest markets for glass bottle, jar and container exported from Hong Kong SAR were China ($X), the United States ($X) and France ($X), with a combined 67% share of total exports. These countries were followed by Japan, the Philippines, the UK, Macao SAR, Poland, Canada, Australia, Thailand and Taiwan (Chinese), which together accounted for a further 23%.

In terms of the main countries of destination, Canada, with a CAGR of +238.3%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, shrinking by -20.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average 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 ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Hong Kong SAR, China

After two years of decline, supplies from abroad of bottles, jars and other containers of glass increased by 7% to X units in 2021. Over the period under review, imports, however, showed a slight downturn. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports reduced to $X in 2021. Overall, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when imports increased by 4.2% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of glass bottle, jar and container to Hong Kong SAR, with a 93% share of total imports. Moreover, glass bottle, jar and container imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of bottles, jars and other containers of glass to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -2.4%.

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, reducing by -8.9% against the previous year. Overall, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2015 an increase of 6.2%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%).

Source: IndexBox Platform

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