Hong Kong SAR, China: Iron Household Articles Market 2025

Iron Household Articles Market Size in Hong Kong SAR, China

In 2021, the Hong Kong iron household articles market increased by 1.7% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Iron Household Articles Production in Hong Kong SAR, China

In value terms, iron household articles production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 32%. Iron household articles production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Iron Household Articles Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of table, kitchen or household articles and parts of iron were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a deep contraction. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, iron household articles exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Vietnam (X tons) and Cambodia (X tons) were the main destinations of iron household articles exports from Hong Kong SAR, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +18.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Japan ($X) appeared to be the largest markets for iron household articles exported from Hong Kong SAR worldwide, together comprising 55% of total exports.

Vietnam, with a CAGR of +21.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average iron household articles export price amounted to $X per ton, falling by -5.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 12%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Hong Kong SAR, China

In 2021, the amount of table, kitchen or household articles and parts of iron imported into Hong Kong SAR surged to X tons, with an increase of 25% on the previous year. In general, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 27%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron household articles imports expanded sharply to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main iron household articles supplier to Hong Kong SAR, with a 95% share of total imports. It was followed by Japan (X tons), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.9% per year) and the United States (-20.5% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Hong Kong SAR, comprising 86% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.0% per year) and the United States (-13.3% per year).

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2021, with a decrease of -12.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 6%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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