Hong Kong SAR, China: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Hong Kong SAR, China

The Hong Kong market for ceramic wares for laboratory or technical uses was estimated at $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. 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 Ceramic Wares For Laboratory Or Technical Uses in Hong Kong SAR, China

In value terms, production of ceramic wares for laboratory or technical uses totaled $X in 2022 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Hong Kong SAR, China

In 2022, shipments abroad of ceramic wares for laboratory or technical uses decreased by -25% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 39%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of ceramic wares for laboratory or technical uses fell remarkably to $X in 2022. Over the period under review, exports saw a sharp reduction. The growth pace was the most rapid in 2016 with an increase of 64% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of ceramic wares for laboratory or technical uses from Hong Kong SAR, with a 70% share of total exports. Moreover, exports of ceramic wares for laboratory or technical uses to the United States 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 the United States amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-31.1% per year) and France (+277.3% per year).

In value terms, China ($X) remains the key foreign market for ceramic wares for laboratory or technical uses exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was held by the United States ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to -23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.2% per year) and France (+181.9% per year).

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, falling by -18.3% against the previous year. In general, the export price saw a slight descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 96% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 China (+11.3%), while the prices for the other major destinations experienced a decline.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Hong Kong SAR, China

In 2022, imports of ceramic wares for laboratory or technical uses into Hong Kong SAR shrank to X tons, declining by -4.7% against 2021 figures. Over the period under review, imports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of ceramic wares for laboratory or technical uses reduced notably to $X in 2022. In general, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X kg) and the Netherlands (X kg) were the main suppliers of imports of ceramic wares for laboratory or technical uses to Hong Kong SAR, with a combined 82% share of total imports. Singapore, Germany and the United States lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +116.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Singapore ($X) and Japan ($X) constituted the largest ceramic wares for laboratory or technical uses suppliers to Hong Kong SAR, with a combined 86% share of total imports.

Singapore, with a CAGR of +82.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for ceramic wares for laboratory or technical uses amounted to $X per ton, reducing by -21.2% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 48%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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