Hong Kong SAR, China: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Hong Kong SAR, China

The Hong Kong chain scoops and sliders market fell dramatically to $X in 2022, waning by -52.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced sharply in the following year.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Hong Kong SAR, China

In 2022, exports of chain scoops, sliders, runners, end pieces and narrow strips from Hong Kong SAR contracted dramatically to X tons, waning by -32.2% against the previous year. Overall, exports recorded a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 51%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, chain scoops and sliders exports dropped dramatically to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and China (X tons) were the main destinations of chain scoops and sliders exports from Hong Kong SAR, together comprising 64% of total exports. India, Cambodia, Bangladesh, the Philippines and Turkey lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Hong Kong SAR, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Indonesia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.4% per year) and Indonesia (+3.8% per year).

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, increasing by 14% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 56%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Turkey ($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 Indonesia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Hong Kong SAR, China

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were imported into Hong Kong SAR; with a decrease of -46.7% against the year before. In general, imports showed a slight decline. The most prominent rate of growth was recorded in 2015 with an increase of 53%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chain scoops and sliders imports declined sharply to $X in 2022. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in 2015 when imports increased by 42%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chain scoops and sliders to Hong Kong SAR, accounting for a 88% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.6% per year) and Taiwan (Chinese) (-13.6% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Hong Kong SAR, comprising 86% of total imports. The second position in the ranking was held by Japan ($X), with a 5.5% share of total imports. It was followed by Taiwan (Chinese), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.5% per year) and Taiwan (Chinese) (-6.9% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, increasing by 8.3% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders import price increased by +60.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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