Hong Kong SAR, China: Common Pottery Market 2024

Common Pottery Market Size in Hong Kong SAR, China

In 2022, the Hong Kong common pottery market increased by 4.7% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Common Pottery Exports

Exports from Hong Kong SAR, China

In 2022, exports of common pottery from Hong Kong SAR shrank remarkably to X tons, waning by -17% against the year before. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, common pottery exports declined notably to $X in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for common pottery exports from Hong Kong SAR, with a 43% share of total exports. Moreover, common pottery exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Macao SAR (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.6% per year) and Macao SAR (+15.5% per year).

In value terms, Australia ($X), the United States ($X) and China ($X) were the largest markets for common pottery exported from Hong Kong SAR worldwide, with a combined 64% share of total exports.

Australia, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average common pottery export price amounted to $X per ton, which is down by -14.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($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 the UK (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of common pottery increased by 1.1% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 30%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, common pottery imports reduced to $X in 2022. In general, imports saw a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest common pottery supplier to Hong Kong SAR, accounting for a 82% share of total imports. Moreover, common pottery imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+57.1% per year) and Japan (+14.6% per year).

In value terms, China ($X) constituted the largest supplier of common pottery to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.2% per year) and Indonesia (+40.7% per year).

Import Prices by Country

The average common pottery import price stood at $X per ton in 2022, waning by -2.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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