Hong Kong SAR, China: Drawing Board Market 2024

Drawing Board Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong drawing board market increased by 119% to $X in 2022. Overall, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Drawing Board Production in Hong Kong SAR, China

In value terms, drawing board production rose markedly to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 255%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Drawing Board Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of slates and boards with writing or drawing surfaces decreased by -73.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports declined significantly to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 105%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for drawing board exports from Hong Kong SAR, with a 44% share of total exports. Moreover, drawing board exports to the United States exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by China (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+81.9% per year) and China (-25.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for slates and boards with writing or drawing surfaces exports from Hong Kong SAR, comprising 37% of total exports. The second position in the ranking was taken by Finland ($X), with a 12% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+39.3% per year) and China (-19.6% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, surging by 11% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Hong Kong SAR, China

In 2022, imports of slates and boards with writing or drawing surfaces into Hong Kong SAR contracted rapidly to X units, which is down by -47.3% on 2021 figures. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 33%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing board imports declined significantly to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 59%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main drawing board supplier to Hong Kong SAR, with a 96% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -9.7%.

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Hong Kong SAR, comprising 92% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -4.6%.

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 an increase of 38%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%).

Source: IndexBox Platform

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