Hong Kong SAR, China: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Hong Kong SAR, China

The Hong Kong stainless steel household articles market soared to $X in 2022, growing by 18% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.8% against 2020 indices. Stainless steel household articles consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Hong Kong SAR, China

In value terms, stainless steel household articles production totaled $X in 2022 estimated in export price. Over the period under review, production showed a perceptible increase. The pace of growth was the most pronounced in 2013 with an increase of 385% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Hong Kong SAR, China

In 2022, the amount of table, kitchen or household articles and parts of stainless steel exported from Hong Kong SAR fell markedly to X units, which is down by -68.1% compared with the year before. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stainless steel household articles exports dropped dramatically to $X in 2022. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 40%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Bangladesh (X units) and Germany (X units) were the main destinations of stainless steel household articles exports from Hong Kong SAR, with a combined 38% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +34.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Hong Kong SAR, comprising 22% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-20.0% per year) and China (-12.3% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, surging by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2015 when the average export price increased by 29%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Bangladesh ($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 (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Hong Kong SAR, China

In 2022, approx. X units of table, kitchen or household articles and parts of stainless steel were imported into Hong Kong SAR; with a decrease of -33.3% on the previous year's figure. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stainless steel household articles imports reduced notably to $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stainless steel household articles to Hong Kong SAR, with a 83% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.8% per year) and Japan (-2.7% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Hong Kong SAR, comprising 68% of total imports. The second position in the ranking was held by Japan ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.5% per year) and South Korea (+10.0% per year).

Import Prices by Country

In 2022, the average stainless steel household articles import price amounted to $X per unit, waning by -3.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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