Hong Kong SAR, China: Ink-Pad Market 2024

Ink-Pad Market Size in Hong Kong SAR, China

The Hong Kong ink-pad market contracted markedly to $X in 2022, waning by -60% against the previous year. Over the period under review, consumption faced a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ink-Pad Production in Hong Kong SAR, China

In value terms, ink-pad production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 360% against the previous year. Ink-pad production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Ink-Pad Exports

Exports from Hong Kong SAR, China

In 2022, exports of ink-pads from Hong Kong SAR reduced to X units, with a decrease of -11.5% on 2021 figures. Overall, exports showed a deep setback. The growth pace was the most rapid in 2014 with an increase of 93% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ink-pad exports shrank notably to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 103%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), China (X units) and Germany (X units) were the main destinations of ink-pad exports from Hong Kong SAR, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +91.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest markets for ink-pad exported from Hong Kong SAR worldwide, together accounting for 64% of total exports.

Germany, with a CAGR of +71.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ink-pad export price amounted to $X per unit, with a decrease of -13% against the previous year. Overall, the export price saw a deep setback. The pace of growth was the most pronounced in 2013 an increase of 5.4%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and Japan ($X per unit), while the average price for exports to Italy ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-6.0%), while the prices for the other major destinations experienced a decline.

Ink-Pad Imports

Imports into Hong Kong SAR, China

In 2022, ink-pad imports into Hong Kong SAR contracted rapidly to X units, which is down by -50.2% compared with 2021. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ink-pad imports declined notably to $X in 2022. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 31%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest ink-pad supplier to Hong Kong SAR, accounting for a 55% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Malaysia (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-15.9% per year) and Malaysia (-12.1% per year).

In value terms, China ($X) constituted the largest supplier of ink-pads to Hong Kong SAR, comprising 55% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.7% per year) and Malaysia (-12.1% per year).

Import Prices by Country

In 2022, the average ink-pad import price amounted to $X per unit, with a decrease of -13.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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