Hong Kong SAR, China: First-Aid Kit Market 2024

First-Aid Kit Market Size in Hong Kong SAR, China

In 2022, the Hong Kong first-aid kit market decreased by -7.8% to $X, falling for the third consecutive year after five years of growth. In general, consumption recorded a relatively flat trend pattern. First-aid kit consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

First-Aid Kit Production in Hong Kong SAR, China

In value terms, first-aid kit production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

First-Aid Kit Exports

Exports from Hong Kong SAR, China

In 2022, the amount of first-aid boxes and kits exported from Hong Kong SAR soared to X tons, with an increase of 36% compared with the previous year. Overall, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, first-aid kit exports contracted to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for first-aid kit exports from Hong Kong SAR, accounting for a 71% share of total exports. Moreover, first-aid kit exports to China exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was taken by Sweden (X kg), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.7% per year) and Sweden (+9.8% per year).

In value terms, China ($X) emerged as the key foreign market for first-aid boxes and kits exports from Hong Kong SAR, comprising 71% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Sweden, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.4% per year) and Sweden (+4.4% per year).

Export Prices by Country

The average first-aid kit export price stood at $X per ton in 2022, which is down by -27% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Macao SAR ($X per ton), while the average price for exports to Canada ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-4.1%), while the prices for the other major destinations experienced a decline.

First-Aid Kit Imports

Imports into Hong Kong SAR, China

In 2022, the amount of first-aid boxes and kits imported into Hong Kong SAR stood at X tons, picking up by 4.2% on the previous year. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 51% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, first-aid kit imports reached $X in 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest first-aid kit supplier to Hong Kong SAR, with a 67% share of total imports. Moreover, first-aid kit imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.5% per year) and the UK (-8.1% per year).

In value terms, China ($X) constituted the largest supplier of first-aid boxes and kits to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports. It was followed by the UK, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.4% per year) and the UK (-8.9% per year).

Import Prices by Country

In 2022, the average first-aid kit import price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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