Hong Kong SAR, China: Composite Paperboard Market 2024

Composite Paperboard Market Size in Hong Kong SAR, China

The Hong Kong composite paperboard market expanded markedly to $X in 2021, with an increase of 9.2% against the previous year. Over the period under review, consumption, however, saw a slight descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Composite Paperboard Production in Hong Kong SAR, China

In value terms, composite paperboard production rose rapidly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The growth pace was the most rapid in 2019 when the production volume increased by 28%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Composite Paperboard Exports

Exports from Hong Kong SAR, China

In 2021, the amount of composite paper and paperboard exported from Hong Kong SAR reduced dramatically to X tons, falling by -20.2% against 2020. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 41%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, composite paperboard exports surged to $X in 2021. Over the period under review, exports showed a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Pakistan (X tons) and Thailand (X tons) were the main destinations of composite paperboard exports from Hong Kong SAR, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +46.1%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for composite paper and paperboard exports from Hong Kong SAR, comprising 83% of total exports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total exports. It was followed by Thailand, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+45.0% per year) and Thailand (+54.3% per year).

Export Prices by Country

In 2021, the average composite paperboard export price amounted to $X per ton, rising by 63% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Paperboard Imports

Imports into Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in purchases abroad of composite paper and paperboard, when their volume increased by 9.7% to X tons. In general, imports saw modest growth. The growth pace was the most rapid in 2016 with an increase of 89%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, composite paperboard imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of 50%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Finland (X tons) were the main suppliers of composite paperboard imports to Hong Kong SAR, with a combined 84% share of total imports. These countries were followed by China, Vietnam and Taiwan (Chinese), which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest composite paperboard suppliers to Hong Kong SAR, together comprising 84% of total imports. These countries were followed by Finland, Vietnam and Taiwan (Chinese), which together accounted for a further 16%.

In terms of the main suppliers, Vietnam, with a CAGR of +55.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average composite paperboard import price amounted to $X per ton, increasing by 37% against the previous year. In general, the import price, however, showed a noticeable curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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