Report Update Nov 1, 2024

Hong Kong SAR, China - Sails - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Sails Market 2024

Sails Market Size in Hong Kong SAR, China

In 2022, the Hong Kong sails market decreased by -39.8% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt slump. Sails consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sails Production in Hong Kong SAR, China

In value terms, sails production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 465% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Sails Exports

Exports from Hong Kong SAR, China

Sails exports from Hong Kong SAR shrank rapidly to X tons in 2022, waning by -29% against 2021. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 150%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sails exports shrank to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 181%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of sails exports from Hong Kong SAR, with a combined 45% share of total exports. The Netherlands, Australia, Norway, the UK, Japan, France, Canada, New Zealand and China lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +20.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sails exported from Hong Kong SAR were the United States ($X), Germany ($X) and Sweden ($X), together accounting for 52% of total exports. The Netherlands, the UK, Australia, Japan, Norway, New Zealand, Canada, France and China lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Norway, with a CAGR of +18.4%, recorded the highest growth rate of 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

The average sails export price stood at $X per ton in 2022, jumping by 21% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sails export price increased by +35.8% against 2020 indices. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to France ($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 the UK (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into Hong Kong SAR, China

In 2022, sails imports into Hong Kong SAR fell to X tons, declining by -9.1% against 2021 figures. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sails imports surged to $X in 2022. Over the period under review, imports recorded a drastic downturn. 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 sails supplier to Hong Kong SAR, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -8.8%.

In value terms, China ($X) constituted the largest supplier of sails to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China stood at -16.9%.

Import Prices by Country

The average sails import price stood at $X per ton in 2022, with an increase of 31% against the previous year. In general, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43%. The import price peaked at $X per ton in 2012; however, from 2013 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 -8.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sails in the world?

The country with the largest volume of sail consumption was China, accounting for 16% of total volume. Moreover, sail consumption in China exceeded the figures recorded by the second-largest consumer, the Netherlands, twofold. The third position in this ranking was occupied by India, with a 6.6% share.

What are the largest producers of sails in the world?

The country with the largest volume of sail production was China, comprising approx. 17% of total volume. Moreover, sail production in China exceeded the figures recorded by the second-largest producer, the Netherlands, twofold. The third position in this ranking was occupied by India, with a 6.6% share.

What are the leading suppliers of sails to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of sail to Hong Kong SAR, comprising 94% of total imports. The second position in the ranking was occupied by Thailand, with a 3.1% share of total imports.

What are the leading importers of sails from Hong Kong SAR, China?

In value terms, the largest markets for sail exported from Hong Kong SAR were the U.S., Sweden and Germany, together comprising 61% of total exports. France, the UK, Canada, Switzerland, Italy, Australia, China and Austria lagged somewhat behind, together accounting for a further 29%.

What is the average export price for sails in Hong Kong SAR, China?

The average sail export price stood at $56,623 per ton in 2020, which is down by -27.4% against the previous year.

What is the average import price for sails in Hong Kong SAR, China?

In 2020, the average sail import price amounted to $14,614 per ton, shrinking by -31.6% against the previous year.

This report provides an in-depth analysis of the sails 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 13922250 - Sails

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