Hong Kong SAR, China: Market for Finishing Agents Used In The Paper Industry 2024

Market Size for Finishing Agents Used In The Paper Industry in Hong Kong SAR, China

The Hong Kong paper industry finishing agents market amounted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Finishing Agents Used In The Paper Industry in Hong Kong SAR, China

In value terms, paper industry finishing agents production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Finishing Agents Used In The Paper Industry

Exports from Hong Kong SAR, China

In 2022, overseas shipments of finishing agents used in the paper industry increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, showed a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, paper industry finishing agents exports contracted to $X in 2022. Over the period under review, exports, however, showed a dramatic curtailment. The smallest decline of X% was in 2016. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for paper industry finishing agents exports from Hong Kong SAR, with a X% share of total exports. Moreover, paper industry finishing agents exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%.

In value terms, China ($X) remains the key foreign market for finishing agents used in the paper industry exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled X%.

Export Prices by Country

In 2022, the average paper industry finishing agents export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced a decline.

Imports of Finishing Agents Used In The Paper Industry

Imports into Hong Kong SAR, China

In 2022, purchases abroad of finishing agents used in the paper industry decreased by X% to X tons, falling for the sixth year in a row after two years of growth. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, paper industry finishing agents imports reduced to $X in 2022. Overall, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and China (X tons) were the main suppliers of paper industry finishing agents imports to Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) constituted the largest supplier of finishing agents used in the paper industry to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

In 2022, the average paper industry finishing agents import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper industry finishing agents import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

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 the United States ($X per ton), while the price for China amounted to $X per ton.

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

Source: IndexBox Platform

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