Hong Kong SAR, China: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Hong Kong SAR, China

The Hong Kong non-refractory clay constructional products market shrank to $X in 2022, with a decrease of -2.8% against the previous year. Overall, consumption saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.5% against the previous year. Non-refractory clay constructional products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Refractory Clay Constructional Products in Hong Kong SAR, China

In value terms, non-refractory clay constructional products production declined to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Refractory Clay Constructional Products

Exports from Hong Kong SAR, China

In 2022, overseas shipments of non-refractory clay constructional products were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 417%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-refractory clay constructional products exports stood at $X in 2022. Over the period under review, exports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of 1,277%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for non-refractory clay constructional products exports from Hong Kong SAR, with a 49% share of total exports. Moreover, non-refractory clay constructional products exports to Tanzania exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), threefold. Zimbabwe (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-0.1% per year) and Zimbabwe (+21.2% per year).

In value terms, Macao SAR ($X) remains the key foreign market for non-refractory clay constructional products exports from Hong Kong SAR, comprising 93% of total exports. The second position in the ranking was held by Tanzania ($X), with a 2.5% share of total exports. It was followed by Brunei Darussalam, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-4.4% per year) and Brunei Darussalam (-15.5% per year).

Export Prices by Country

In 2022, the average non-refractory clay constructional products export price amounted to $X per ton, waning by -2.2% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2015 an increase of 167% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Mexico ($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 Macao SAR (+9.9%), while the prices for the other major destinations experienced a decline.

Imports of Non-Refractory Clay Constructional Products

Imports into Hong Kong SAR, China

After three years of growth, overseas purchases of non-refractory clay constructional products decreased by -25% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 140%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-refractory clay constructional products imports contracted notably to $X in 2022. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) was the main supplier of non-refractory clay constructional products to Hong Kong SAR, accounting for a 92% share of total imports. Moreover, non-refractory clay constructional products imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.7% per year) and China (+17.7% per year).

In value terms, Italy ($X) constituted the largest supplier of non-refractory clay constructional products to Hong Kong SAR, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and the United States (-14.6% per year).

Import Prices by Country

In 2022, the average non-refractory clay constructional products import price amounted to $X per ton, declining by -7.7% against the previous year. In general, the import price, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 86% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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