Hong Kong SAR, China: Hand Stamp Market 2024

Hand Stamp Market Size in Hong Kong SAR, China

In 2022, the Hong Kong hand stamp market increased by 150% to $X, rising for the second year in a row after five years of decline. In general, consumption recorded a moderate expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Hand Stamp Production in Hong Kong SAR, China

In value terms, hand stamp production rose to $X in 2022 estimated in export price. Overall, production, however, saw a measured expansion. The growth pace was the most rapid in 2020 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Hand Stamp Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of stamps for use in the hand decreased by -97.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, hand stamp exports dropped rapidly to $X in 2022. Over the period under review, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

The Philippines (X units), Switzerland (X units) and Vietnam (X units) were the main destinations of hand stamp exports from Hong Kong SAR, together accounting for 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +27.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Switzerland ($X) appeared to be the largest markets for hand stamp exported from Hong Kong SAR worldwide, together comprising 76% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +28.3%, saw the highest rates of growth with regard to 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

In 2022, the average hand stamp export price amounted to $X per unit, waning by -10.1% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand stamp export price decreased by -17.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 116% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 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 China ($X per unit), while the average price for exports to the Philippines ($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 China (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Hong Kong SAR, China

In 2022, imports of stamps for use in the hand into Hong Kong SAR reduced remarkably to X units, which is down by -48.4% against the year before. In general, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 51% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hand stamp imports shrank dramatically to $X in 2022. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2014 when imports increased by 41% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Belgium (X units) and Taiwan (Chinese) (X units) were the main suppliers of hand stamp imports to Hong Kong SAR, together comprising 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +38.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest hand stamp suppliers to Hong Kong SAR were Belgium ($X), China ($X) and Italy ($X), together accounting for 76% of total imports.

Belgium, with a CAGR of +28.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, rising by 48% against the previous year. In general, the import price posted a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 57%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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