Hong Kong SAR, China: Sails Market 2025

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

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