Hong Kong SAR, China: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Hong Kong SAR, China

In 2022, the Hong Kong non-cellular polystyrene film market increased by 1.1% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.0% against 2019 indices. Non-cellular polystyrene film consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Non-Cellular Polystyrene Film Production in Hong Kong SAR, China

In value terms, non-cellular polystyrene film production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 41% against the previous year. Non-cellular polystyrene film production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports from Hong Kong SAR, China

In 2022, exports of non-cellular polystyrene films, sheets, foil and strip from Hong Kong SAR reduced dramatically to X tons, which is down by -64.5% on the previous year's figure. Over the period under review, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports declined sharply to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for non-cellular polystyrene film exports from Hong Kong SAR, accounting for a 95% share of total exports. It was followed by Japan (X tons), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-23.0% per year) and the Philippines (-40.2% per year).

In value terms, China ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was held by Japan ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-6.4% per year) and the Philippines (-36.9% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, surging by 7.9% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polystyrene film export price decreased by -24.3% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the 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 Japan ($X per ton), while the average price for exports to the Philippines ($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 Japan (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Hong Kong SAR, China

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip imported into Hong Kong SAR fell markedly to X tons, waning by -53.2% on the year before. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-cellular polystyrene film imports plummeted to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 32%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-cellular polystyrene film to Hong Kong SAR, with a 56% share of total imports. Moreover, non-cellular polystyrene film imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.7% per year) and Taiwan (Chinese) (-18.0% per year).

In value terms, China ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Hong Kong SAR, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 24% share of total imports. It was followed by Vietnam, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.1% per year) and Vietnam (+77.8% per year).

Import Prices by Country

The average non-cellular polystyrene film import price stood at $X per ton in 2022, rising by 7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

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 Vietnam ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+66.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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