Hong Kong SAR, China: Copper Foil Market 2024

Copper Foil Market Size in Hong Kong SAR, China

The Hong Kong copper foil market surged to $X in 2022, picking up by 59% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Copper Foil Production in Hong Kong SAR, China

In value terms, copper foil production contracted to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 -0.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Copper Foil Exports

Exports from Hong Kong SAR, China

After two years of growth, shipments abroad of copper foil decreased by -67.6% to X tons in 2022. Over the period under review, exports faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, copper foil exports shrank dramatically to $X in 2022. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for copper foil exports from Hong Kong SAR, accounting for a 68% share of total exports. Moreover, copper foil exports to China exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-9.2% per year) and India (-13.8% per year).

In value terms, China ($X) remains the key foreign market for copper foil exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.2% share of total exports. It was followed by Taiwan (Chinese), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-8.4% per year) and Taiwan (Chinese) (-5.1% per year).

Export Prices by Country

In 2022, the average copper foil export price amounted to $X per ton, with an increase of 68% against the previous year. Overall, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Iran ($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 (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Foil Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in purchases abroad of copper foil, when their volume decreased by -64% to X tons. Over the period under review, imports saw a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, copper foil imports fell rapidly to $X in 2022. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest copper foil supplier to Hong Kong SAR, with a 38% share of total imports. Moreover, copper foil imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.9% per year) and Taiwan (Chinese) (-5.5% per year).

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the largest copper foil suppliers to Hong Kong SAR, with a combined 62% share of total imports. China, the United States, Luxembourg, Malaysia, Germany and the Philippines lagged somewhat behind, together accounting for a further 35%.

Luxembourg, with a CAGR of +15.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper foil import price stood at $X per ton in 2022, surging by 49% against the previous year. In general, the import price posted a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform