Hong Kong SAR, China: Paper Moulding Machine Market 2024

Paper Moulding Machine Market Size in Hong Kong SAR, China

In 2022, the Hong Kong paper moulding machine market decreased by -58% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption faced a deep downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Paper Moulding Machine Production in Hong Kong SAR, China

In value terms, paper moulding machine production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. Paper moulding machine production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Paper Moulding Machine Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of machines for moulding articles in paper pulp, paper or paperboard were exported from Hong Kong SAR; remaining relatively unchanged against 2021 figures. Overall, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 467%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, paper moulding machine exports soared to $X in 2022. Over the period under review, exports posted a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of 528% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Cambodia (X units) was the main destination for paper moulding machine exports from Hong Kong SAR, accounting for a 69% share of total exports. Moreover, paper moulding machine exports to Cambodia exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. The third position in this ranking was held by Vietnam (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia amounted to +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-9.1% per year) and Vietnam (+10.4% per year).

In value terms, the largest markets for paper moulding machine exported from Hong Kong SAR were the Netherlands ($X), Vietnam ($X) and Cambodia ($X), together accounting for 68% of total exports. Mexico, India, the United States, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Mexico, with a CAGR of +70.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper moulding machine export price stood at $X per unit in 2022, growing by 20% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 96%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average 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 Indonesia ($X per unit), while the average price for exports to Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Moulding Machine Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of machines for moulding articles in paper pulp, paper or paperboard decreased by -90.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 267%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, paper moulding machine imports fell notably to $X in 2022. In general, imports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 423%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main paper moulding machine supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -14.9%.

In value terms, China ($X) constituted the largest supplier of machines for moulding articles in paper pulp, paper or paperboard to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China amounted to -17.0%.

Import Prices by Country

The average paper moulding machine import price stood at $X per unit in 2022, surging by 197% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 393% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +5.4% per year.

Source: IndexBox Platform

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