Hong Kong SAR, China: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Hong Kong SAR, China

In 2022, the Hong Kong plastic self-adhesive plate market decreased by -32.5% to $X, falling for the third consecutive year after three years of growth. Overall, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Self-Adhesive Plate Production in Hong Kong SAR, China

In value terms, plastic self-adhesive plate production reduced rapidly to $X in 2022 estimated in export price. Overall, production saw a precipitous descent. The growth pace was the most rapid in 2018 when the production volume increased by 4,007% against the previous year. Plastic self-adhesive plate production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Plastic Self-Adhesive Plate Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of plastic self-adhesive plates, sheets and other flat shapes decreased by -23.8% to X tons, falling for the ninth consecutive year after two years of growth. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 44%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic self-adhesive plate exports fell significantly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 71%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for plastic self-adhesive plate exports from Hong Kong SAR, accounting for a 44% share of total exports. Moreover, plastic self-adhesive plate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. India (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+4.9% per year) and India (+39.4% per year).

In value terms, China ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was held by Vietnam ($X), with a 10% share of total exports. It was followed by India, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+6.7% per year) and India (+40.7% per year).

Export Prices by Country

In 2022, the average plastic self-adhesive plate export price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, 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 China ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Hong Kong SAR, China

In 2022, imports of plastic self-adhesive plates, sheets and other flat shapes into Hong Kong SAR dropped markedly to X tons, waning by -28.2% compared with the year before. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 5.4% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic self-adhesive plate imports reduced notably to $X in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 14%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic self-adhesive plate to Hong Kong SAR, with a 48% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.9% per year) and the United States (-15.4% per year).

In value terms, the largest plastic self-adhesive plate suppliers to Hong Kong SAR were Japan ($X), China ($X) and the United States ($X), with a combined 75% share of total imports. Taiwan (Chinese), South Korea, Germany and Singapore lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Germany, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average plastic self-adhesive plate import price amounted to $X per ton, surging by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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