Hong Kong SAR, China: Prepared Drier Market 2024

Prepared Drier Market Size in Hong Kong SAR, China

The Hong Kong prepared drier market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Prepared Drier Production in Hong Kong SAR, China

In value terms, prepared drier production surged to $X in 2022 estimated in export price. Overall, production, however, saw a deep setback. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Prepared Drier Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of prepared driers decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared drier exports skyrocketed to $X in 2022. In general, exports continue to indicate a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons), China (X tons) and the Philippines (X kg) were the main destinations of prepared drier exports from Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for prepared driers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Macao SAR (X% per year).

Export Prices by Country

In 2022, the average prepared drier export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Macao SAR ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Drier Imports

Imports into Hong Kong SAR, China

After two years of decline, purchases abroad of prepared driers increased by X% to X tons in 2022. Overall, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, prepared drier imports amounted to $X in 2022. In general, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of prepared drier to Hong Kong SAR, with a X% share of total imports. It was followed by France (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of prepared driers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Japan (X% per year).

Import Prices by Country

The average prepared drier import price stood at $X per ton in 2022, falling by X% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared drier import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Japan (X%).

Source: IndexBox Platform

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