Hong Kong SAR, China: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Hong Kong SAR, China

The Hong Kong non-cellular polyvinyl chloride film market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption posted a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Hong Kong SAR, China

In value terms, non-cellular polyvinyl chloride film production fell to $X in 2022 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 68%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports from Hong Kong SAR, China

In 2022, the amount of non-cellular polyvinyl chloride films, sheets, foil and strip exported from Hong Kong SAR contracted remarkably to X tons, which is down by -33.5% on the previous year. Over the period under review, exports recorded a sharp descent. The pace of growth was the most pronounced in 2013 with an increase of 30% 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, non-cellular polyvinyl chloride film exports shrank dramatically to $X in 2022. In general, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for non-cellular polyvinyl chloride film exports from Hong Kong SAR, accounting for a 78% share of total exports. Moreover, non-cellular polyvinyl chloride film exports to China exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold. The third position in this ranking was held by Bangladesh (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+30.7% per year) and Bangladesh (-4.8% per year).

In value terms, China ($X) remains the key foreign market for non-cellular polyvinyl chloride films, sheets, foil and strip exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 7.5% share of total exports. It was followed by Macao SAR, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+5.1% per year) and Macao SAR (+6.9% per year).

Export Prices by Country

In 2022, the average non-cellular polyvinyl chloride film export price amounted to $X per ton, growing by 2.3% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polyvinyl chloride film export price decreased by -22.2% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 53%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Indonesia ($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 Malaysia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports into Hong Kong SAR, China

In 2022, approx. X tons of non-cellular polyvinyl chloride films, sheets, foil and strip were imported into Hong Kong SAR; declining by -7.2% on 2021 figures. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 16%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polyvinyl chloride film imports declined slightly to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest non-cellular polyvinyl chloride film supplier to Hong Kong SAR, accounting for a 47% share of total imports. Moreover, non-cellular polyvinyl chloride film imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.2% per year) and Italy (-4.5% per year).

In value terms, China ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest non-cellular polyvinyl chloride film suppliers to Hong Kong SAR, with a combined 64% share of total imports. Italy, Switzerland, the United States, Singapore, Japan, Germany and South Korea lagged somewhat behind, together comprising a further 32%.

Switzerland, with a CAGR of +48.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-cellular polyvinyl chloride film import price stood at $X per ton in 2022, growing by 3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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