Hong Kong SAR, China: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Hong Kong SAR, China

In 2022, the Hong Kong market for self-adhesive plastic tape in rolls of a width under 20cm decreased by -41.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Hong Kong SAR, China

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm fell to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 113%. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Hong Kong SAR, China

Exports of self-adhesive plastic tape in rolls of a width under 20cm from Hong Kong SAR reduced to X tons in 2022, with a decrease of -6.2% against 2021 figures. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by 15%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm dropped to $X in 2022. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Hong Kong SAR, accounting for a 43% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Macao SAR (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-5.9% per year) and Macao SAR (+32.9% per year).

In value terms, China ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Hong Kong SAR, comprising 54% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 22% share of total exports. It was followed by Macao SAR, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+1.0% per year) and Macao SAR (+44.0% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, reducing by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2015 an increase of 38%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Egypt ($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 Taiwan (Chinese) (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Hong Kong SAR, China

Imports of self-adhesive plastic tape in rolls of a width under 20cm into Hong Kong SAR plummeted to X tons in 2022, with a decrease of -29.2% against the year before. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm reduced notably to $X in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Hong Kong SAR, accounting for a 70% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-18.3% per year) and Taiwan (Chinese) (-15.4% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Hong Kong SAR, with a combined 81% share of total imports.

China, with a CAGR of -14.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, dropping by -30.9% against the previous year. In general, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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