Hong Kong SAR, China: Globe Market 2022

Globe Market Size in Hong Kong SAR, China

In 2021, the Hong Kong globe market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption showed a strong expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Globe Production in Hong Kong SAR, China

In value terms, globe production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Globe Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of globes decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, globe exports contracted sharply to $X in 2021. Overall, exports saw a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons), the United States (X tons) and Italy (X tons) were the main destinations of globe exports from Hong Kong SAR, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of -X%), while shipments for the other leaders experienced a decline.

In value terms, Japan ($X), the United States ($X) and Italy ($X) appeared to be the largest markets for globe exported from Hong Kong SAR worldwide, together comprising X% of total exports.

The United States, with a CAGR of -X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average globe export price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Globe Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of globes were imported into Hong Kong SAR; shrinking by -X% compared with 2020 figures. Overall, imports faced a dramatic curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, globe imports declined notably to $X in 2021. Over the period under review, imports showed a significant contraction. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main globe supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, globe imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X) constituted the largest supplier of globe to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

The average globe import price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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