Hong Kong SAR, China: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in Hong Kong SAR, China

The Hong Kong skin organic surface-active products market reduced to $X in 2022, waning by -9.6% against the previous year. Overall, consumption enjoyed buoyant growth. Skin organic surface-active products consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Organic Surface-Active Products For Washing The Skin in Hong Kong SAR, China

In value terms, skin organic surface-active products production reduced to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +9.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from Hong Kong SAR, China

Skin organic surface-active products exports from Hong Kong SAR was estimated at X tons in 2022, remaining relatively unchanged against the previous year. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 6,448% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, skin organic surface-active products exports dropped to $X in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 6,389%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for skin organic surface-active products exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR amounted to +194.3%.

In value terms, Macao SAR ($X) also remains the key foreign market for organic surface-active products for washing the skin exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Macao SAR amounted to +149.9%.

Export Prices by Country

The average skin organic surface-active products export price stood at $X per ton in 2022, declining by -15.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 358%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to -15.1% per year.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into Hong Kong SAR, China

In 2022, the amount of organic surface-active products for washing the skin imported into Hong Kong SAR surged to X tons, jumping by 39% compared with 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 654%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, skin organic surface-active products imports fell rapidly to $X in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 876%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of skin organic surface-active products to Hong Kong SAR, accounting for a 99% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 0.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +36.4%.

In value terms, China ($X) constituted the largest supplier of organic surface-active products for washing the skin to Hong Kong SAR, comprising 97% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +37.3%.

Import Prices by Country

The average skin organic surface-active products import price stood at $X per ton in 2022, with a decrease of -43% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 80%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell significantly in the following year.

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 Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%).

Source: IndexBox Platform

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