Hong Kong SAR, China: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Hong Kong SAR, China

In 2022, the Hong Kong cast iron household articles market increased by 7% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a perceptible decrease. Cast iron household articles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Hong Kong SAR, China

In 2022, cast iron household articles exports from Hong Kong SAR shrank significantly to X tons, reducing by -21.2% on 2021. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cast iron household articles exports skyrocketed to $X in 2022. Over the period under review, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 44%. 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

Macao SAR (X tons), South Korea (X tons) and Switzerland (X tons) were the main destinations of cast iron household articles exports from Hong Kong SAR, with a combined 59% share of total exports. The United States, Japan, Singapore, China, Germany, the Philippines, Belgium, Indonesia, the UK and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +19,700.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Macao SAR ($X), South Korea ($X) and Singapore ($X) appeared to be the largest markets for cast iron household articles exported from Hong Kong SAR worldwide, together accounting for 67% of total exports. The United States, China, Japan, Switzerland, Germany, Belgium, Indonesia, the Philippines, the UK and France lagged somewhat behind, together accounting for a further 28%.

Belgium, with a CAGR of +20,217.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average cast iron household articles export price stood at $X per ton in 2022, with an increase of 51% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 55%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Singapore ($X per ton), while the average price for exports to Switzerland ($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 China (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Hong Kong SAR, China

In 2022, cast iron household articles imports into Hong Kong SAR shrank to X tons, which is down by -9% compared with 2021. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cast iron household articles imports expanded slightly to $X in 2022. Overall, imports, however, enjoyed modest growth. The growth pace was the most rapid in 2014 with an increase of 118%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), China (X tons) and Germany (X tons) were the main suppliers of cast iron household articles imports to Hong Kong SAR, together accounting for 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +42.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Hong Kong SAR, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.3% per year) and Germany (+46.8% per year).

Import Prices by Country

The average cast iron household articles import price stood at $X per ton in 2022, picking up by 15% against the previous year. In general, the import price posted a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 63%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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