Hong Kong SAR, China: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Hong Kong SAR, China

The Hong Kong non-cellular polyethylene film market contracted to $X in 2021, shrinking by -13.1% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.6% against 2019 indices. Non-cellular polyethylene film consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Non-Cellular Polyethylene Film Production in Hong Kong SAR, China

In value terms, non-cellular polyethylene film production dropped dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 81%. Non-cellular polyethylene film production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Non-Cellular Polyethylene Film Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of non-cellular polyethylene films, sheets, foil and strip decreased by -21.7% to X tons, falling for the third consecutive year after three years of growth. In general, exports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2013 with an increase of 101%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-cellular polyethylene film exports fell rapidly to $X in 2021. Overall, exports showed a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for non-cellular polyethylene film exports from Hong Kong SAR, accounting for a approx. 93% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest.

In value terms, China ($X) also remains the key foreign market for non-cellular polyethylene films, sheets, foil and strip exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -2.2%.

Export Prices by Country

In 2021, the average non-cellular polyethylene film export price amounted to $X per ton, shrinking by -18.8% against the previous year. Over the period under review, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2014 an increase of 56% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, 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 -1.5% per year.

Non-Cellular Polyethylene Film Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of non-cellular polyethylene films, sheets, foil and strip increased by 14% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 39%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, non-cellular polyethylene film imports fell markedly to $X in 2021. Overall, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest non-cellular polyethylene film supplier to Hong Kong SAR, with a 65% share of total imports. Moreover, non-cellular polyethylene film imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.3% per year) and Taiwan (Chinese) (+14.2% per year).

In value terms, China ($X) constituted the largest supplier of non-cellular polyethylene films, sheets, foil and strip to Hong Kong SAR, comprising 42% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.6% per year) and Japan (-3.9% per year).

Import Prices by Country

In 2021, the average non-cellular polyethylene film import price amounted to $X per ton, declining by -32.8% against the previous year. Overall, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 31%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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