Hong Kong SAR, China: Prisms And Mirrors Market 2025

Prisms And Mirrors Market Size in Hong Kong SAR, China

In 2022, the Hong Kong prisms and mirrors market increased by 63% to $X, rising for the second consecutive year after three years of decline. Overall, consumption posted a significant expansion. Prisms and mirrors consumption peaked in 2022 and is expected to retain growth in the near future.

Prisms And Mirrors Production in Hong Kong SAR, China

In value terms, prisms and mirrors production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 2,429% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Prisms And Mirrors Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of prisms and mirrors were exported from Hong Kong SAR; waning by -31.4% against 2021 figures. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.9% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, prisms and mirrors exports expanded to $X in 2022. Overall, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for prisms and mirrors exports from Hong Kong SAR, with a 65% share of total exports. Moreover, prisms and mirrors exports to China exceeded the volume sent to the second major destination, Finland (X tons), ninefold. The United States (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+62.7% per year) and the United States (+9.1% per year).

In value terms, China ($X) remains the key foreign market for prisms and mirrors exports from Hong Kong SAR, comprising 79% of total exports. The second position in the ranking was held by Japan ($X), with a 3.3% share of total exports. It was followed by the United States, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-8.5% per year) and the United States (+5.6% per year).

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, increasing by 52% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Finland ($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 (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of prisms and mirrors decreased by -6.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a mild reduction. The growth pace was the most rapid in 2021 with an increase of 71%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, prisms and mirrors imports amounted to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.5% against 2018 indices. The pace of growth was the most pronounced in 2020 when imports increased by 37%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest prisms and mirrors supplier to Hong Kong SAR, accounting for a 64% share of total imports. Moreover, prisms and mirrors imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.0% per year) and the United States (+14.7% per year).

In value terms, the largest prisms and mirrors suppliers to Hong Kong SAR were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 88% share of total imports.

Taiwan (Chinese), with a CAGR of +23.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prisms and mirrors import price stood at $X per ton in 2022, picking up by 17% against the previous year. In general, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2019 when the average import price increased by 66% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 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 ($X per ton), while the price for Taiwan (Chinese) ($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 (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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