Hong Kong SAR, China: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Hong Kong SAR, China

After four years of decline, the Hong Kong market for paint, distemper, varnish or similar brushes, paint pads and rollers increased by 102% to $X in 2021. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Hong Kong SAR, China

After four years of growth, shipments abroad of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -2.2% to X units in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 225% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2020, and then reduced slightly in the following year.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded sharply to $X in 2021. Overall, exports showed a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Hong Kong SAR, with a 64% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Japan exceeded the volume sent to the second major destination, the United States (X units), twofold. Macao SAR (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.3% per year) and Macao SAR (-9.0% per year).

In value terms, the United States ($X), Japan ($X) and Macao SAR ($X) appeared to be the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Hong Kong SAR worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +35.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, growing by 16% against the previous year. Overall, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Hong Kong SAR, China

In 2021, purchases abroad of paint, distemper, varnish or similar brushes, paint pads and rollers was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 when imports increased by 24% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2021. In general, imports, however, continue to indicate a slight downturn. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main paint, distemper, varnish or similar brush, paint pad and roller supplier to Hong Kong SAR, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.0%.

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.2%.

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, jumping by 22% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.9% per year.

Source: IndexBox Platform