Report Update Nov 1, 2024

Hong Kong SAR, China - Sacks and Bags of Polymers of Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong ethylene polymer bag market, when its value decreased by -11.4% to $X. Over the period under review, consumption showed a mild slump. The growth pace was the most rapid in 2016 with an increase of 8.7%. Ethylene polymer bag consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ethylene Polymer Bag Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of sacks and bags of polymers of ethylene were exported from Hong Kong SAR; falling by -41.3% on 2021. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethylene polymer bag exports dropped notably to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for ethylene polymer bag exports from Hong Kong SAR, accounting for a 30% share of total exports. Moreover, ethylene polymer bag exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-5.5% per year) and China (-20.6% per year).

In value terms, the United States ($X), Vietnam ($X) and China ($X) were the largest markets for ethylene polymer bag exported from Hong Kong SAR worldwide, with a combined 44% share of total exports. Bangladesh, Cambodia, Sri Lanka, Indonesia, the Philippines, Japan, Chile, Macao SAR, Switzerland and Myanmar lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Chile, with a CAGR of +51.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethylene polymer bag export price amounted to $X per ton, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Myanmar ($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 (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Hong Kong SAR, China

In 2022, imports of sacks and bags of polymers of ethylene into Hong Kong SAR dropped sharply to X tons, shrinking by -18.5% against 2021. Overall, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by 11%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ethylene polymer bag imports declined rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by 8.3%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main ethylene polymer bag supplier to Hong Kong SAR, with a approx. 96% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -2.9%.

In value terms, China ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China stood at -2.3%.

Import Prices by Country

In 2022, the average ethylene polymer bag import price amounted to $X per ton, rising by 2.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 10%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sacks and bags of polymers of ethylene in the world?

Russia remains the largest ethylene polymer bag consuming country worldwide, accounting for 41% of total volume. Moreover, ethylene polymer bag consumption in Russia exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by India, with a 5.6% share.

What are the largest producers of sacks and bags of polymers of ethylene in the world?

Russia remains the largest ethylene polymer bag producing country worldwide, accounting for 41% of total volume. Moreover, ethylene polymer bag production in Russia exceeded the figures recorded by the second-largest producer, China, twofold. India ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of sacks and bags of polymers of ethylene to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of ethylene polymer bag to Hong Kong SAR.

What are the leading importers of sacks and bags of polymers of ethylene from Hong Kong SAR, China?

In value terms, the United States, the UK and the Philippines constituted the largest markets for ethylene polymer bag exported from Hong Kong SAR worldwide, with a combined 74% share of total exports.

What is the average export price for sacks and bags of polymers of ethylene in Hong Kong SAR, China?

The average ethylene polymer bag export price stood at $3,741 per ton in 2021, declining by -4% against the previous year.

What is the average import price for sacks and bags of polymers of ethylene in Hong Kong SAR, China?

In 2021, the average ethylene polymer bag import price amounted to $1,924 per ton, which is down by -2.2% against the previous year.

This report provides an in-depth analysis of the ethylene polymer bag market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023