Hong Kong SAR, China: Tissue Paper Market 2024

Tissue Paper Market Size in Hong Kong SAR, China

The Hong Kong tissue paper market surged to $X in 2022, growing by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Tissue paper consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tissue Paper Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of toilet or facial tissue stock, towel and similar paper increased by 140% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tissue paper exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for tissue paper exports from Hong Kong SAR, with a 95% share of total exports. Moreover, tissue paper exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR totaled +5.5%.

In value terms, Macao SAR ($X) remains the key foreign market for toilet or facial tissue stock, towel and similar paper exports from Hong Kong SAR, comprising 97% of total exports. The second position in the ranking was held by China ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to +8.0%.

Export Prices by Country

In 2022, the average tissue paper export price amounted to $X per ton, shrinking by -5.2% against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 38% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.8%).

Tissue Paper Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of toilet or facial tissue stock, towel and similar paper increased by 8.8% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 98%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, tissue paper imports soared to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 82%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of tissue paper to Hong Kong SAR, accounting for a 99% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.8%.

In value terms, China ($X) constituted the largest supplier of toilet or facial tissue stock, towel and similar paper to Hong Kong SAR, comprising 97% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +15.1%.

Import Prices by Country

In 2022, the average tissue paper import price amounted to $X per ton, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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