Hong Kong SAR, China: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Hong Kong SAR, China

After three years of growth, the Hong Kong market for plastic plates, sheets, film, foil and strip decreased by -7% to $X in 2021. In general, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Hong Kong SAR, China

In value terms, production of plastic plates, sheets, film, foil and strip reduced to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020, and then contracted in the following year.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was growth in overseas shipments of plastic plates, sheets, film, foil and strip, when their volume increased by 2.5% to X tons. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 9.1%. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Hong Kong SAR, with a 91% share of total exports. It was followed by Vietnam (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -8.3%.

In value terms, China ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -5.5%.

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 22%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+20.8%).

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Hong Kong SAR, China

In 2021, purchases abroad of plastic plates, sheets, film, foil and strip was finally on the rise to reach X tons after eight years of decline. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of plastic plates, sheets, film, foil and strip declined slightly to $X in 2021. Over the period under review, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 0.4%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest plastic plate, sheet, film, foil and strip supplier to Hong Kong SAR, with a 40% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.2% per year) and South Korea (-6.9% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest plastic plate, sheet, film, foil and strip suppliers to Hong Kong SAR, together accounting for 65% of total imports.

Among the main suppliers, the United States, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, reducing by -8.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 6.7%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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