Hong Kong SAR, China: Newspaper Market 2024

Newspaper Market Size in Hong Kong SAR, China

The Hong Kong newspaper market expanded significantly to $X in 2022, growing by 6.1% against the previous year. Over the period under review, consumption, however, saw a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Newspaper Production in Hong Kong SAR, China

In value terms, newspaper production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 65% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Newspaper Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of newspapers, journals and periodicals, which decreased by -36.6% to X units in 2022. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 9.5% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, newspaper exports declined markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 3.2%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for newspaper exports from Hong Kong SAR, with a 65% share of total exports. Moreover, newspaper exports to China exceeded the volume sent to the second major destination, Macao SAR (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+15.2% per year) and Taiwan (Chinese) (-21.8% per year).

In value terms, the largest markets for newspaper exported from Hong Kong SAR were Macao SAR ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 90% of total exports.

In terms of the main countries of destination, Macao SAR, with a CAGR of +28.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average newspaper export price stood at $X per unit in 2022, surging by 26% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, newspaper export price increased by +65.4% against 2016 indices. The growth pace was the most rapid in 2014 an increase of 28%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Japan ($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 Malaysia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Newspaper Imports

Imports into Hong Kong SAR, China

For the eighth consecutive year, Hong Kong SAR recorded decline in overseas purchases of newspapers, journals and periodicals, which decreased by -37.3% to X units in 2022. Over the period under review, imports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 1.8% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, newspaper imports skyrocketed to $X in 2022. Overall, imports recorded a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), the United States (X units) and China (X units) were the main suppliers of newspaper imports to Hong Kong SAR, with a combined 63% share of total imports. Taiwan (Chinese), Singapore, South Korea, Thailand and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +10.5%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of newspapers, journals and periodicals to Hong Kong SAR, comprising 65% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.3% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-15.5% per year) and the United States (-18.1% per year).

Import Prices by Country

The average newspaper import price stood at $X per unit in 2022, increasing by 91% against the previous year. In general, the import price recorded a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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