Hong Kong SAR, China: Market for Paper Sacks And Bags 2025

Market Size for Paper Sacks And Bags in Hong Kong SAR, China

The Hong Kong paper sack and bag market skyrocketed to $X in 2021, picking up by 18% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +98.1% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Paper Sacks And Bags in Hong Kong SAR, China

In value terms, paper sack and bag production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Exports of Paper Sacks And Bags

Exports from Hong Kong SAR, China

In 2021, overseas shipments of paper sacks and bags were finally on the rise to reach X tons after seven years of decline. In general, exports, however, recorded a abrupt shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, paper sack and bag exports soared to $X in 2021. Overall, exports, however, saw a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) were the main destinations of paper sack and bag exports from Hong Kong SAR, together accounting for 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) appeared to be the largest markets for paper sack and bag exported from Hong Kong SAR worldwide, together accounting for 45% of total exports. Japan, Taiwan (Chinese), Macao SAR, France, Singapore, Australia, Canada, the UK, Germany and the Netherlands lagged somewhat behind, together accounting for a further 43%.

Taiwan (Chinese), with a CAGR of +11.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper sack and bag export price stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2014 an increase of 33% against the previous year. The export price peaked at $X per ton in 2020, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Hong Kong SAR, China

In 2021, purchases abroad of paper sacks and bags increased by 40% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced decrease. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, paper sack and bag imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of paper sack and bag to Hong Kong SAR, with a 91% share of total imports. Moreover, paper sack and bag imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.6% per year) and Vietnam (+12.0% per year).

In value terms, China ($X) constituted the largest supplier of paper sacks and bags to Hong Kong SAR, comprising 86% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.2% per year) and Vietnam (+14.7% per year).

Import Prices by Country

The average paper sack and bag import price stood at $X per ton in 2021, surging by 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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