Hong Kong SAR, China: Shampoo Market 2024

Shampoo Market Size in Hong Kong SAR, China

In 2022, the Hong Kong shampoo market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a deep reduction. Shampoo consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Shampoo Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of shampoos decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shampoo exports reduced rapidly to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

China (X tons) was the main destination for shampoo exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, shampoo exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Singapore (X% per year).

In value terms, China ($X) remains the key foreign market for shampoos exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports.

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

Export Prices by Country

The average shampoo export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shampoo Imports

Imports into Hong Kong SAR, China

Shampoo imports into Hong Kong SAR shrank rapidly to X tons in 2022, falling by X% against the previous year's figure. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, shampoo imports declined sharply to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of shampoo imports to Hong Kong SAR, with a combined X% share of total imports. France, Italy, South Korea, Germany, Taiwan (Chinese), the Netherlands, Singapore, Thailand, Spain and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shampoo suppliers to Hong Kong SAR were China ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. France, Italy, South Korea, Germany, Taiwan (Chinese), the Netherlands, Singapore, Thailand, Spain and Australia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average shampoo import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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