Report Update Nov 1, 2024

Hong Kong SAR, China - Household Articles and Toilet Articles of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Hong Kong SAR, China

In 2022, the Hong Kong plastic household articles market increased by 43% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Household Articles Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of household articles and toilet articles of plastics decreased by -53.4% to X tons, falling for the ninth consecutive year after two years of growth. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic household articles exports declined rapidly to $X in 2022. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 8.4%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Macao SAR (X tons) and China (X tons) were the main destinations of plastic household articles exports from Hong Kong SAR, together accounting for 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +16.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastic household articles exported from Hong Kong SAR were the United States ($X), Macao SAR ($X) and China ($X), with a combined 61% share of total exports.

Macao SAR, with a CAGR of +18.7%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2014 an increase of 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of household articles and toilet articles of plastics increased by 28% to X tons, rising for the third year in a row after seven years of decline. Overall, imports, however, saw a pronounced slump. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plastic household articles imports stood at $X in 2022. In general, imports, however, showed a slight decline. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main plastic household articles supplier to Hong Kong SAR, accounting for a 93% share of total imports. It was followed by Japan (X tons), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.1% per year) and Taiwan (Chinese) (-11.2% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was held by Japan ($X), with a 4.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.1% per year) and Taiwan (Chinese) (-8.9% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, reducing by -11.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 22% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household articles and toilet articles of plastics in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together accounting for 35% of global consumption. These countries were followed by Russia, Indonesia, Japan, Brazil, Italy, Mexico, Pakistan, Turkey, Germany and Bangladesh, which together accounted for a further 34%.

What are the largest producers of household articles and toilet articles of plastics in the world?

The country with the largest volume of plastic household articles production was China, comprising approx. 35% of total volume. Moreover, plastic household articles production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Italy, with a 4.2% share.

What are the leading suppliers of household articles and toilet articles of plastics to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of plastic household articles to Hong Kong SAR, comprising 78% of total imports. The second position in the ranking was occupied by Japan, with an 8.6% share of total imports. It was followed by Taiwan Chinese), with a 2.7% share.

What are the leading importers of household articles and toilet articles of plastics from Hong Kong SAR, China?

In value terms, the United States remains the key foreign market for plastic household articles exports from Hong Kong SAR, comprising 36% of total exports. The second position in the ranking was occupied by China, with a 14% share of total exports. It was followed by Macao SAR, with a 9.1% share.

What is the average export price for household articles and toilet articles of plastics in Hong Kong SAR, China?

In 2021, the average plastic household articles export price amounted to $6,714 per ton, with an increase of 28% against the previous year.

What is the average import price for household articles and toilet articles of plastics in Hong Kong SAR, China?

In 2021, the average plastic household articles import price amounted to $4,614 per ton, rising by 46% against the previous year.

This report provides an in-depth analysis of the plastic household articles market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292340 - Household articles and toilet articles, of plastics (excluding tableware, kitchenware, baths, shower-baths, washbasins, b idets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023