Hong Kong SAR, China: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Hong Kong SAR, China

The Hong Kong broom, brush, and mop market rose notably to $X in 2022, with an increase of 12% against the previous year. Overall, consumption, however, saw resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Brooms, Brushes, And Mops in Hong Kong SAR, China

In value terms, broom, brush, and mop production soared to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 345% against the previous year. Broom, brush, and mop production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in overseas shipments of brooms, brushes, and mops, when their volume decreased by -31.4% to X units. Overall, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, broom, brush, and mop exports declined markedly to $X in 2022. Over the period under review, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for broom, brush, and mop exports from Hong Kong SAR, with a 71% share of total exports. Moreover, broom, brush, and mop exports to China exceeded the volume sent to the second major destination, the United States (X units), ninefold. The third position in this ranking was held by Democratic Republic of the Congo (X units), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.8% per year) and Democratic Republic of the Congo (+40.5% per year).

In value terms, China ($X) remains the key foreign market for brooms, brushes, and mops exports from Hong Kong SAR, comprising 49% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by the UK, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.4% per year) and the UK (-9.2% per year).

Export Prices by Country

In 2022, the average broom, brush, and mop export price amounted to $X per unit, picking up by 1.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 11%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Angola (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brooms, Brushes, And Mops

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of brooms, brushes, and mops decreased by -32% to X units, falling for the second year in a row after three years of growth. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, broom, brush, and mop imports amounted to $X in 2022. In general, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest broom, brush, and mop supplier to Hong Kong SAR, accounting for a 70% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was taken by Germany (X units), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.4% per year) and Germany (+31.6% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Hong Kong SAR, comprising 79% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.4% share of total imports. It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+64.9% per year) and Germany (+27.4% per year).

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, growing by 52% against the previous year. Overall, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Malaysia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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