Hong Kong SAR, China: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in Hong Kong SAR, China

In 2021, the Hong Kong metal filing cabinet market decreased by -8.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Filing Cabinet Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of filing cabinets, card-index cabinets or desk equipment of base metal decreased by -18.8% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal filing cabinet exports stood at $X in 2021. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main destinations of metal filing cabinet exports from Hong Kong SAR, together accounting for 50% of total exports. The UK, Germany, Australia, the Netherlands, Indonesia, Macao SAR, France, Italy, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +23.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for metal filing cabinet exported from Hong Kong SAR were Japan ($X), the United States ($X) and China ($X), with a combined 47% share of total exports. Germany, South Korea, the UK, France, Italy, the Netherlands, Australia, Taiwan (Chinese), Macao SAR and Indonesia lagged somewhat behind, together accounting for a further 46%.

Among the main countries of destination, Indonesia, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal filing cabinet export price stood at $X per ton in 2021, with an increase of 24% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal filing cabinet export price increased by +50.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia ($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 Italy (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Filing Cabinet Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of filing cabinets, card-index cabinets or desk equipment of base metal decreased by -6.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2018 when imports increased by 77% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal filing cabinet imports declined to $X in 2021. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 23% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal filing cabinet to Hong Kong SAR, with a 83% share of total imports. Moreover, metal filing cabinet imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), tenfold. Japan (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+63.2% per year) and Japan (-3.1% per year).

In value terms, the largest metal filing cabinet suppliers to Hong Kong SAR were China ($X), Japan ($X) and Malaysia ($X), together accounting for 86% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +56.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal filing cabinet import price amounted to $X per ton, reducing by -7.1% against the previous year. Over the period under review, the import price saw a noticeable downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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