Hong Kong SAR, China: Photographic Film Market 2024

Photographic Film Market Size in Hong Kong SAR, China

In 2021, the Hong Kong photographic film market decreased by -35.9% to $X, falling for the eighth year in a row after two years of growth. Overall, consumption faced a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Photographic Film Production in Hong Kong SAR, China

In value terms, photographic film production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a significant decrease. Over the period under review, production attained the maximum level at $X in 2020, and then reduced rapidly in the following year.

Photographic Film Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed were finally on the rise to reach X square meters after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, photographic film exports soared to $X in 2021. Overall, exports, however, saw a pronounced curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X square meters) was the main destination for photographic film exports from Hong Kong SAR, with a 75% share of total exports. Moreover, photographic film exports to China exceeded the volume sent to the second major destination, Vietnam (X square meters), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X square meters), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-11.9% per year) and Taiwan (Chinese) (-3.0% per year).

In value terms, China ($X) remains the key foreign market for photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exports from Hong Kong SAR, comprising 75% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 3.5% share of total exports. It was followed by Vietnam, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+23.4% per year) and Vietnam (-14.4% per year).

Export Prices by Country

In 2021, the average photographic film export price amounted to $X per square meter, dropping by -13.5% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of 23%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, 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 Bangladesh ($X per square meter), while the average price for exports to Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.5%), while the prices for the other major destinations experienced a decline.

Photographic Film Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed increased by 43% to X square meters for the first time since 2013, thus ending a seven-year declining trend. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 146% against the previous year. As a result, imports reached the peak of X square meters. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, photographic film imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt decrease. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest photographic film supplier to Hong Kong SAR, with a 37% share of total imports. Moreover, photographic film imports from China exceeded the figures recorded by the second-largest supplier, Japan (X square meters), twofold. The United States (X square meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.5% per year) and the United States (-11.4% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) constituted the largest photographic film suppliers to Hong Kong SAR, together accounting for 74% of total imports. These countries were followed by Singapore, the Netherlands, Malaysia, Germany, Taiwan (Chinese), the UK, South Korea and Belgium, which together accounted for a further 24%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +6.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average photographic film import price stood at $X per square meter in 2021, dropping by -13.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 81% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the Netherlands ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :