Hong Kong SAR, China: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Hong Kong SAR, China

The Hong Kong cellulose fibrecement sheet market contracted to $X in 2022, shrinking by -7.6% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cellulose Fibrecement Sheet Production in Hong Kong SAR, China

In value terms, cellulose fibrecement sheet production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 57%. Cellulose fibrecement sheet production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports from Hong Kong SAR, China

Cellulose fibrecement sheet exports from Hong Kong SAR reduced dramatically to X tons in 2022, waning by -26.6% against 2021. In general, exports showed a slight decline. The pace of growth was the most pronounced in 2021 with an increase of 396% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cellulose fibrecement sheet exports expanded slightly to $X in 2022. Over the period under review, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 265%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for cellulose fibrecement sheet exports from Hong Kong SAR, accounting for a 61% share of total exports. Moreover, cellulose fibrecement sheet exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Macao SAR (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.6% per year) and Macao SAR (-19.5% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Macao SAR ($X) were the largest markets for cellulose fibrecement sheet exported from Hong Kong SAR worldwide, together accounting for 95% of total exports.

China, with a CAGR of +21.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, with an increase of 41% against the previous year. In general, the export price saw perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of 79%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 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 Taiwan (Chinese) (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cellulose Fibrecement Sheet Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of sheets, panels and tiles of cellulose fibrecement increased by 2.7% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 229%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cellulose fibrecement sheet imports shrank sharply to $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 314%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X tons) was the main cellulose fibrecement sheet supplier to Hong Kong SAR, accounting for a 99% share of total imports. It was followed by the Philippines (X tons), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.7%.

In value terms, China ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Hong Kong SAR, comprising 97% of total imports. The second position in the ranking was held by the Philippines ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.0%.

Import Prices by Country

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, reducing by -27.2% against the previous year. In general, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Philippines amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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