Hong Kong SAR, China: Calendering Cylinder Market 2024

Calendering Cylinder Market Size in Hong Kong SAR, China

In 2021, the Hong Kong calendering cylinder market increased by 1.1% to $X, rising for the sixth year in a row after three years of decline. In general, consumption, however, showed a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of 9% against the previous year. Calendering cylinder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Calendering Cylinder Production in Hong Kong SAR, China

In value terms, calendering cylinder production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of 10%. Calendering cylinder production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Calendering Cylinder Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of cylinders for calendering were exported from Hong Kong SAR; with a decrease of -37.6% against the year before. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 1,543%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, calendering cylinder exports declined markedly to $X in 2021. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,527%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for calendering cylinder exports from Hong Kong SAR, accounting for a 70% share of total exports. Moreover, calendering cylinder exports to China exceeded the volume sent to the second major destination, the UK (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -4.1%.

In value terms, China ($X) remains the key foreign market for cylinders for calendering exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was taken by the UK ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +13.9%.

Export Prices by Country

In 2021, the average calendering cylinder export price amounted to $X per unit, growing by 4.2% against the previous year. In general, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2016 an increase of 65%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the UK stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.8%), while the prices for the other major destinations experienced a decline.

Calendering Cylinder Imports

Imports into Hong Kong SAR, China

In 2021, the amount of cylinders for calendering imported into Hong Kong SAR fell significantly to X units, waning by -22.7% against the previous year. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,706% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, calendering cylinder imports contracted dramatically to $X in 2021. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 when imports increased by 627%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest calendering cylinder supplier to Hong Kong SAR, with a 73% share of total imports. Moreover, calendering cylinder imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+50.7% per year) and Germany (-13.3% per year).

In value terms, the largest calendering cylinder suppliers to Hong Kong SAR were China ($X), Japan ($X) and Germany ($X), with a combined 99.9% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +40.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average calendering cylinder import price stood at $X per unit in 2021, which is down by -10.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 146% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+72.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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